CFODailyNews.com » 3 must-consider issues with Remote Deposit Capture

3 must-consider issues with Remote Deposit Capture

November 12, 2008 by Jennifer Azara
Posted in: Communication tips, In this week's e-newsletter, Internal controls, Latest news & views, Management issues, Procurement and purchasing, Technology

It’s one of the fastest-growing technologies: Remote Deposit Capture (RDC). But before you sign on, make sure you have three issues covered.

The last thing you want is for your company to go through the expense and effort to adopt RDC, only to find out you selected the wrong system!

Be certain these bases are covered, according to www.remotedepositcapture.com, and you should be confident in your choice:

1. Image Quality

Most likely it will be on you to ensure that the quality of your images is up to snuff after you scan them. But if you can get your bank to also scan for quality when it receives them, you can minimize the number of rescan requests you get or formatting changes.

2. Duplicate Item Detection

You’ve had systems in place to guard against making a duplicate payment with paper checks — now you’ll need one for scanned images, too. Your organization is responsible for ensuring you send the same image only once. But look for a bank that also checks for duplicates.

3. Processed Check Identification

So how will you track that each item was scanned only once? Some RDC systems can spray an ink or other identifier to ID what’s been scanned. A trip to your local office supply store and a rubber stamp that says “scanned” with the date works, too.

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2 Responses to “3 must-consider issues with Remote Deposit Capture”

  1. Glenn Golden Says:

    We’ve had RDC in place for over a year. We have a good quality scanner for dependable images (don’t go go cheap or you will regret it), duplicates are flagged, and the scanner automatically imprints in red ink “ELECTONICALLY SCANNED” on the paper checks. We also have a process in place to securely shred the paper checks on a regular schedule. Overall, it has been successful.

  2. Vachik Elchibegian Says:

    Have used the BofA system for more than two years now. No problems. Make sure the bank does not overcharge you for the service as we end up being the bank tellers.

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