Small Business Terms: Remote Capture Deposit

by Greg DePersio

0 min read

Remote deposit capture is a web-based payment solution that allows for single image capture storage and processing of cheques. This system enables businesses to send images of cheques to a bank for deposit from the location of your business. The bank provides a scanner that can be used to scan as many as 100 cheques at one time. When received by the bank, the deposits are reviewed for verification and credited immediately to the your business account.

The advantages to using remote capture deposit are numerous:

  • Make deposits remotely any time of day or night
  • Eliminate the need for trips to the bank
  • Receive more timely notification of returned items
  • Reduce labor, postage, and operating costs
  • Improve efficiency and profitability
  • Enhanced customer service, convenience, and security

References & Resources

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