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Many of the remote deposit capture (RDC) systems in place today have been around for 15 years or longer. Dave Wilson, Founder and Chief Architect at DadeSystems , says even if these RDC systems are still technically functional, they offer diminishing returns as the other systems they must interface with become increasingly advanced.
Today, Ballagh said, RDC technology has advanced to make the process of accepting a check even more seamless. Historically, businesses deployed RDC technology by integrating a desktop scanner into the workplace. As RDC technology progresses, it will continue to develop in the world of enterprise mobility, the executive said.
. “ Another phenomenon I expect will surge in 2024 is the usage of remote desktop control (RDC) to commit fraud. We’ve always seen RDC attacks, but they’ve popped up more regularly this year and I suspect it’s just the tip of the iceberg. When you think about it, it’s the high-tech version of social engineering.
For receivables, Berdan noted that larger banks have done well with lockboxes as have smaller banks have with remote deposit capture (RDC). That is, corporates receive wires and credit card payments, and they are seeking to automate them with integrated receivables solutions.
Deployed smart automation technology from Finovate alum WorkFusion. Teamed up with Harland Clarke to improve RDC security. Supplied FinTech Sandbox with fixed income pricing and reference data. Merged with IHS in $13 billion deal. Unveiled new tax utility service. Acquired credit default swap pricing service from Fitch Solutions.
Remote Deposit Capture (RDC) Remote Deposit Capture with Biller Genie , also known as RDC, is a digital overhaul of your businesss check processing workflow. RDC results in checks clearing in 2-3 days instead of the traditional 7-10 days typical for ACH. You can learn more about dual pricing programs by reading this article.
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