RDC Risk Management

At first, banks were very cautious about who was allowed to access Remote Deposit Capture, limiting users to their most well-known and trusted customers, typically larger corporate clients. As Remote Deposit Capture moved down the food chain to smaller businesses and eventually consumers, it was met by skepticism along the way, with higher risk and fraud predicted at each level. Banks tended to respond by enforcing stricter limits on the number and value of cheques that could be deposited at a time.

Another fraud-fighting technique used by some banks has been to delay funds availability on cheques deposited by RDC, especially mobile deposits, until the money has been received from the bank into which the cheque was paid. This is especially useful in preventing duplicate deposits where a criminal knowingly deposits a cheque via mRDC, then presents the physical item for deposit at another bank. However, this can prove unpopular from a customer service standpoint, making many financial institutions reluctant to impose too long a wait.

RDC Risk Management

Fortunately, banks in countries unveiling Remote Deposit today may not have to worry about such tricky balancing acts between customer service and security. In the UK, Canada and other recently adopting countries, safeguards against duplicates, alteration and other forms of fraud are being built in as they develop clearing systems and software from the ground up. Many of these new technologies, such as behavior monitoring, geolocation, image enhancement, ultra violet image and signature analysis, have improved vastly over the past decade in both effectiveness and price.


History of Remote Deposit Capture

Evolution of RDC

Forms of RDC

Image Quality