Tuesday, May 5, 2009

Remote deposit capture is more than cool

We are just about ready to go live with remote deposit capture and the response has been overwhelming. We started with a group of beta testers...50 is what we wanted, within a couple of hours we had over 400 who wanted to be part of the test. I don't think the response was from the offer of getting a $5 check as the first deposit either. We are now in the second phase of testing with just over 500 members. We surveyed our first 50 members and the majority were more than pleased with the service. Even those that required a little time to get their scanner to work properly were highly likely to use again. And most of our beta testers deposited more than just their $5 reward check. We knew members would be open to the concept but our biggest concern was their willingness to spend a little time in getting the process to work for them. We are pleasantly surprised that the members so far have been willing to spend the time to make this service work for them. We know these are the early adopters but we have gleaned valuable knowledge to help the fast followers enjoy the same experience and have the same positive response to this service. Remote deposit capture is not only "cool" but also a great service that is in demand. RDC can help make a difference in capturing checking accounts and overcoming lack of branch and ATM locations. Think about it for your credit union, if you have a high penetration of online users, this is a service that will likely be highly valued by your members.

2 comments:

RemoteDepositCapture.com said...

Congratulations on getting up and running with RDC! The experience you and your members have had with RDC is par for the course. -And RDC just keeps getting better... Imagine the ability to use your home all-in-one print / scan / copy / fax machine, or even your cell phone. Imagine the ability to use your camera phone, or a mobile scanner which leverages mobile broadband capabilities - or the ability to verify or guarantee a check when you scan it. These are just a few of the things the RDC Industry is working on and will offer within the next year or so. To stay up-to-date on the RDC Industry, please also be sure to visit http://www.RemoteDepositCapture.com.

-John Leekley
Founder & CEO,
RemoteDepositCapture.com

ArkansawRiverWriter said...

Andy,

RDC is an exciting technology, and we are learning more as it becomes widespread in the market, about what the real end user and bank benefits are.

Follow me on twitter: www.twitter.com/remotedeposit

www.trentfleming.com