At 14 years old, Remote Deposit Capture (RDC) appears to be a mature product. Most financial institutions believe the only way to grow their RDC client base in today's market is through a new lending relationship or a competitive replacement. But industry experts believe banks have barely scratched the surface of today's market.
RDC adoption has been huge, but significant revenue opportunities remain. There are six strategies financial institutions can take advantage of to squeeze even MORE revenue from this product offering, while better serving their customers in the process.
Strategy 1: Boost Deposit Volumes. Despite rapid adoption rates, RDC fraud losses remain small. Now is the time to increase RDC deposit limits and relax eligibility requirements to boost deposit volumes.
Strategy 2: Double Up on Deployments. Banks that offer mobile, lockbox and desktop RDC through a single platform can maximize commercial sales. Both large and small businesses will appreciate the efficiency.
Strategy 3: Target Small & Midsize Businesses. The SMB market is underserved, and they value new products that save them time and money. Banks can add a new revenue stream by converting SMBs from branch deposits to RDC.
Access the other three strategies by downloading this free infographic now!
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