A Look at Remote Deposit Capture for Small Businesses

In an article title "Not-So-Personal Banking", Laura Lorber writes for the Wall St. Journal about more small businesses avoiding trips to the bank to deposit checks they've received - instead using remote deposit capture to transmit an image of the check electronically to their bank.

Remote deposit capture is the equivalent of the electronic draft capture POS terminal that moved the credit card world from paper to electronics over 20 years ago - finally coming to the world of checking. One of the implications of RDC, of course, is that the local bank branch becomes less important. Said differently, banks can now market services to small businesses outside of their branch footprint.