Remote Deposit Capture

What is the Relationship of Next Generation Check Recognition to the Top Five Retail Banking Trends for 2013?

By jgregory / July 19, 2013 / 0 Comments

According to an article in BAI Banking Strategies by Applied Predictive Technologies, retail banks will focus on managing the multi-channel impact of mobile banking, downsizing branches and selective investing in branch technology. The changing market dynamics due to the variables of new technologies and adoption has complicated the modeling process for the retail sector. This is an opportunity for operations to support the goals of the retail side of the bank by executing on new technologies in check processing automation. By taking a straight-through-processing orientation across the enterprise, the retail bank can focus on client needs, rather than overcoming operational limitations of systems. See how the five top trends can be optimized below with Next Generation Recognition (NGR) technology.

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What is the Next Generation in Check Recognition for Teller and RDC?

By jgregory / July 10, 2013 / 0 Comments

With successful implementations in teller image capture and remote deposit capture, we’ve accomplished one of the most difficult phases of the product development cycle… strong penetration. The business case has been proven out, solutions have achieved stability and the purchases of these services have offered a robust solution set of features. However, if we objectively evaluate the ultimate goal, straight-through-processing, we still have a major phase level in the process.

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Let the Fireworks Begin: The State of Image Capture Technologies

By jgregory / July 3, 2013 / 0 Comments

Vijay Balakrishnan led a spirited webinar, hosted by Orbograph, addressing The State of Image Capture Technologies. It’s always interesting to take a retroactive look at what the vision was 5 years ago, and compare that to where we are today. In Vijay’s presentation, he looked at how the vision of distributed capture overall has been realized. But there are areas where the full potential has not fully been achieved.

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Who knew recognition had such an impact at BAI Payments Connect 2013?

By jgregory / March 8, 2013 / 0 Comments

Can you believe next week is BAI Payments Connect 2013 in Phoenix already? The theme this year is “Building a Customer Centric Payments Strategy”. It’s impressive to see the number of check recognition innovations… it covers every Payment Summit topic. Check out these developments…

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FAQ from ECCHO – a Wealth of Information

By jgregory / March 4, 2013 / 0 Comments

Joining the ECCHO 2013 Operations Committee meetings in Dallas was a luxury to a vendor like Orbograph. The level of details which are covered related to topics such as check clearing, check processing and deposits is not only a testament to the commitment of the organization to excellence, but explains rules and concepts which are seldom exposed within the walls of software vendors. Examples of detailed analysis and discussion topics which are invaluable include…

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Convenience – Is it Driving Banking Innovation?

By jgregory / January 21, 2013 / 0 Comments

According to Michael Porter, a Harvard business professor and strategy guru, a company’s long-term survival dictates that a business strategy be chosen. Three primary strategies for consideration include: dominating a specialized market, providing consumers with the lowest cost for products and/or services and differentiating services and/or products.

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Don’t Dread the Shred (Part #2): Managing the Paper of Remote Deposit Capture (RDC)

By jgregory / November 7, 2012 / 0 Comments

In our blog post on September 4, 2012, we talked about several risk factors for merchants, banks and mobile RDC users. One of the key points of recent interest was the process of managing deposited checks for a period of time before they are destroyed or shredded; or as defined in the FFIEC guidelines, “appropriate technology and process controls should be implemented at both the financial institution and the customer’s location to address operational risk.”

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RDC Summit Rocks the World of Remote Deposit Capture

By jgregory / October 9, 2012 / 0 Comments

As a first time visitor to the RDC Summit, I wasn’t sure quite what to expect. Here was a targeted conference focusing on an offshoot of check processing, which many parties in the industry regard as being under-adopted. However, just the fact that an independent conference attracted over 300 attendees illustrates there is a continued interest across the board to take RDC to the next level. Additionally, the major shift in consumer and small business behavior in Mobile banking and Mobile RDC truly made this conference a winner!

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Mobile RDC: Addressing Check Disposition Concerns

By jgregory / September 4, 2012 / 0 Comments

Mobile banking has expanded “online banking” into the realm of immediate gratification; how perfect for today’s younger generation. But actually, it’s not only GenY-ers who want instantaneous information and accessibility. The list also includes business people, soccer moms, college students and just about everyone with a smart phone.

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Even Mobile Banking Cannot Drive 100% “Online Banking” Enrollment

By jgregory / August 20, 2012 / 0 Comments

It is no secret that banking has come a long way in the past decade. Technological changes have played a tremendous role in expanding services which banking customers now have access to. However, are we limited by the 80/20 rule?

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