Remote Deposit Capture Market Forecasts 2023
Remote Deposit Capture, also known as Corporate Capture, Merchant Capture, Image Deposits, etc., is a non-physical check deposit service provided by banks. This technology is at its developing phase. The process of remote deposit includes issuing of check by a bank, scanning of the check, and transmission of the scanned image/ACH-data to the bank. The bank considers the scanned data as physical check and credits the amount in the beneficiary's account.
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