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Table of Contents

Lead Story

Congress takes on security, privacy, pot, CFPB

Patti Murphy

News

Industry Update

U.S. inches closer to faster payment systems

Merchants go to court over hidden fees

RDC summit explores next-gen banking, technologies

Amazon bows out of card processing

Las Vegas hosts global, regional payments events

Features

EMV observations at the liability shift

Stephen Kiene
First Annapolis Consulting

DOE moves forward on campus card regulation

Loyalty redefined

Mobile search engine market heats up

Views

Automated risk is its own reward

Dale S. Laszig
DSL Direct LLC

Words that kill (deals)

Adam Hark
MerchantPortfolios.com

Education

Street SmartsSM:
Advice from pros on tradeshows

Jeffrey I. Shavitz
TrafficJamming LLC

What you should know about payment security

Michael Gavin
Cayan

Electronic payments and small business loans

Ty Kiisel
OnDeck Capital Inc.

Company Profile

Comodo Group Inc.

New Products

White-label platform for mPOS providers

payworks
payworks GmbH

Driverless, multitasking, secure scanner

EC9600i series
RDM Corp.

Inspiration

Keys to motivation

Departments

Letter From the Editors

Readers Speak

Boost Your Biz: Avoid financial mistakes and gain

Resource Guide

Datebook

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The Green Sheet Online Edition

November 23, 2015  •  Issue 15:11:02

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RDC summit explores next-gen banking, technologies

Executives from financial institutions, technology companies and regulatory agencies convened in Orlando, Fla., for RDC Summit 2015, the eighth annual conference of RemoteDepositCapture.com. The three-day event held Nov. 4 to 6, 2015, at the Omni Resort explored banking industry trends, emerging technologies and the evolving regulatory landscape.

In his opening remarks at the general session, RemoteDepositCapture.com founder and Chief Executive Officer John Leekley described remote deposit capture (RDC) technology as an international technology platform that can handle payments and related data. "RDC is a payments platform, not a check payment type," he said. "It's a middleware, delivery channel and technology service that can be applied to different markets and use cases."

This broader definition of RDC was a recurrent theme throughout the conference, as industry leaders shared perspectives on risk management, cybersecurity, mobile payment technologies and retail and commercial banking.

From checks to omnichannel commerce

RDC traces its origins to October 2004, when the federal Check Clearing for the 21st Century Act, known as Check 21, was implemented. The law was designed to make check processing more efficient by allowing financial institutions in the United States to electronically truncate and process checks.

RDC has played a pivotal role in banking and payments. Its benefits include convenience, cost savings, reduced risk exposure and more efficient processing. Payments analysts credit the technology with helping banks grow beyond their physical footprints by offering RDC services instead of opening brick-and-mortar branches. Additionally, the Federal Reserve charges about 5 cents less per item to process images instead of paper checks, which can save financial institutions millions of dollars per year.

Panels, exhibits, roundtables

RDC Summit 2015 provided a diversity of keynote addresses, break-out sessions, technology showcases and networking opportunities. Following is a sampling of trends explored:

RemoteDepositCapture.com was established in 2005 as a centralized authority and resource dedicated to providing information, case studies and networking opportunities to individuals and companies in the expanding RDC value chain.

Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.

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Spotlight Innovators:

North American Bancard | Harbortouch | USAePay | IRISCRM.COM