NetDeposit, an Utah-based provider of distributed payment solutions, has launched NetCapture Consumer, a new Remote Deposit Capture (RDC) product designed specifically for large-scale deployment and use by consumers. Reportedly, NetCapture Consumer is a web-based RDC solution for retail banking customers who have a few checks to deposit at a time.
The company has said that the NetCapture Consumer interface walks users through an easy step-by-step process to complete their deposit, whether for one check or multiple checks in one deposit. The checks can be scanned on any TWAIN-compatible scanner and deposited directly into a customer’s account.
It has added that the check amounts and deposit totals are captured and calculated as the checks are scanned, the user can validate the amounts and complete the deposit. Moreover, with NetDeposit’s commercial RDC solutions, financial institutions’ back office operations can have the ability to review deposits that fail their established scrutiny rules.
Chris Styga, EVP and general manager of NetDeposit’s Financial Services Solutions Group, said: There has been tremendous industry buzz about the benefits of offering consumer RDC as a core deposit growth and customer retention initiative. High net-worth customer segments have been identified as key targets for this service. However, until now barriers have existed that prevent wide-scale deployment by financial institutions including concerns about the technology complexity for the casual user, the high price of check scanners, and the scalability to support a large consumer deployment.”
“NetCapture Consumer overcomes all those obstacles, and more, by design. Consumers can now truly have a complete Internet banking experience. They can make their deposits at home, using their existing scanning device, over a secure Internet connection. In four simple steps, all their checks are deposited, eliminating a trip to the bank,” he added.
