Overall pattern bucks New Year's tax increase
As many maintain, remote deposit capture was originally deployed as a customer retention product following Check 21 legislation being signed into law. In 2004-2005 banks offered RDC, although the infrastructure and image-clearing network necessary to clear checks electronically was, at best, in its infancy. What is not up for argument is that the bridge solution for this gap-printing nearly all items as image replacement documents to continue and complete the clearing process-was painful. The practice was overall wasteful in process, time, and especially cost, but was competitively necessary as all of the larger banks began offering this revolutionary deposit enhancement to retain and grow market share.
In a survey last month of the 100 members of ABA's Community Bankers Council, the 44 bankers responding clearly had mobile on their minds-an in their budgets.
Points to ponder in an ultracompetitive age
SNL Report: Squeezing what more they can find
Federal drag brakes economy, says ABA chief economist
ABA's new Emerging Payments Advisory Group will study and discuss the rapidly changing environment of payments and their associated technology.
"Gamification" guides staff and customers along preferred paths
How are your holding company finances? Many banks have weathered the recent storm. But are their holding companies out of the bad weather yet?
Banking Exchange asked a number of analysts their opinions of what banks need to do to not only cope with the rapidly changing payments environment, but figure out how to best participate. Part 1 of 2 parts
