Lining Up For Remote Deposit

Jim Fuquay writes for the Star-Telegram about the rapid growth in remote deposit capture of paper checks by businesses. According to one banker, he "thinks remote deposit will allow him to pitch his bank to a customer outside his principal market."

[Editor's note: Twenty years ago, it was the availability of the POS electronic draft capture terminal that turned merchant card acquiring from being a local, paper-based business to a national, scale-driven business. This growth in remote deposit capture feels like the beginning of a similar shift - except that it'll likely be offset by the ongoing reduction in the sheer number of checks being written for business payments.]