RDC has shown an impressive growth rate of 70% from 2004 to 2008. The process was initially adopted by banks and financial institutions as branch deposit capture. This was followed by the adoption of the bank’s commercial base wherein the major targeted segment was big businesses where banks held their core deposit and asset base. As banks turned their focus to merchants, they initially targeted small and medium size businesses with annual revenue of $1 million to $25 million. 

While RDC adoption has lagged behind expectations with 2% in 2007, this market segment is now on the upswing with its current adoption rate at around 30%. Micro business segments with annual revenue of $25,000 to $1 million account for 70% of all printed checks, and promise to be an attractive market if banks can learn how to crack it.

The objective of the report A New Look at Merchant Remote Deposit Capture, Getting Merchants to Use the Service, is to help Financial Institutions gain a better understanding of what they can do now to increase the RDC penetration. The report provides this recommendation by identifying the most effective channel and message, the target market, and insights into the decision-making process.

The agenda for the briefing includes a discussion on key high growth markets, marking the growth trend in the field of Merchant Remote Deposit Capture. The briefing will also cover the competitive scenario and the trends and opportunities in the U.S. market.

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