Los Angeles, CA — May 24, 2010 — Remote Deposit Capture (RDC) has been called "The most important development the banking industry has seen in years" by the Federal Reserve Banks and others. It can be usedby virtually any business, corporation, municipality, credit union, utility company, or law firm that receives paper checks and wishes to have funds processed electronically and rapidly.

In its most simple terms, RDC is a service allowing a user to scan checks and transmit the scanned images and/or Automated Check Handling (ACH) data to a bank for quicker posting and clearing. Fueled by the passage of the Check 21 legislation and the ability to convert checks into ACH transactions, this is now a reality and accepted by more than two-thirds of U.S. banks.

See the full whitepaper here.