The Green Sheet Online Edition
April 23, 2012 • Issue 12:04:02
Mobile check deposit
RDM Corp. believes depositing checks just became easier for businesses operating with a mobile workforce. That's because the company released a new application for Simply Deposit Mobile that allows users to deposit checks via Google Inc. Android phones. The app makes it possible for mobile workers to deposit check payments from any customer location where wireless connectivity is available, RDM said.
Ontario, Canada-based RDM began offering its mobile check capture services to small businesses starting in 2009. "Our customers expressed the need to increase our support for mobile payments, and with the Android version of Simply Deposit Mobile, RDM now supports both the iPhone and Android devices," said Randy Fowlie, President and Chief Executive Officer at RDM.
The integrated system permits users to capture check images via the smart phone's camera and then submits deposits wirelessly to RDM's secure Image & Transactions Management System platform for processing. "Deposits are processed through RDM's proven and secure ITMS platform, which aggregates all check deposits and can be used for seamless accounts receivable integration," Fowlie noted.
Simply Deposit Mobile features an intuitive user interface and workflow for ease of operation. RDM also provides tutorials and test modules to help merchants get started. Once the system is operational, merchants can begin processing checks at the point of check presentment from virtually any customer location. RDM noted its integrated system's entire check deposit process generally takes less than a minute.
RDM reported that to safeguard user data, the application does not permit mobile devices to store sensitive check data. RDM also engages third-party audit and penetration testing to ensure that its network, applications and process meet stringent standards imposed by SAS 70 certification.
"The convenience of mobile deposits is gaining traction in industries such as broker/dealers, contractors and delivery services," Fowlie said. For businesses operating in the field, remote deposit capture products like Mobile Deposit offer not only convenience, but cost savings in terms of reduced trips to the bank, and it expedites deposit and funds availability, he said.
According to RDM, the ITMS platform processes over 3 million items and handles more than 18,000 deposit capture locations each week. But that number is expected to rise in tandem with growing demand for its mobile deposit platform throughout the United States and Canada.
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