THE RIGHT SCANNERS FOR THE JOB

Electronically deposit cheques with Remote Deposit Capture

REMOTE DEPOSIT CAPTURE

The Image Clearing System introduces faster payment of cheques and one of the mechanisms that enable this is the process of electronically depositing cheques into a bank account from a remote location without needing to visit the branch directly.
This is Remote Deposit Capture, a scanner captures the image of the cheque and software enables the data and image to be recorded, archived and transmitted to the bank via a secure connection in place of the cheque itself.
A royal assent has been signed that means by law the digital image counts as the value of the cheque which it replaces and funds will be paid on the submission of the image in a much shorter timescale, subject to satisfactory approval protocols and fraud checks by the banks.
Amongst the benefits of Remote Deposit Capture are convenience, next day availability of funds and reduced costs of transportation.
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CHEQUE IMAGE PROCESSING CORPORATE FACT SHEET

Cheque usage in the UK has been in decline for more than 20 years, falling from its peak of 4 billion cheques in 1990, to its current level of 644 million per year. For the last two years the Cheque and Credit Clearing Company (C&CCC), the organisation which manages the GB cheque clearing process, has been undertaking extensive research to try and find a method of clearing cheques which uses 21st century technology whilst at the same time protecting the future use of cheques for customers
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IMAGE QUALITY: THE QUIET PROBLEM THAT COSTS MILLIONS

In the decade since the Check 21 Act took effect in the United States, image based processing has emerged as the global standard for check clearing settlement. And while the operational benefits to financial institutions have been proven beyond a doubt, the digital clearing process has created new challenges of its own. Captured images must be consistently precise, high-quality, and most importantly, able to pass inspection without the original document available.
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