Market Scan

Headlines: Imaging

SVPCO Check Image Volume Surpasses Half Trillion Dollar Mark For The First Time

Headlines: Imaging

Image Exchange Continues Rapid Rise;

Major Supermarket Retailer, Hy-Vee Inc., Set to Recognize Full Value of Back-Office Check Imaging and Conversion from NCR

Headlines: Imaging

SVPCO Image Payments Network Expands Product Offerings - New Clearing Options Enable Increased Image Exchange Volumes

Headlines: Imaging

SVPCO Check Image Volume Continues to Grow

Headlines: Checks and Check Imaging

Heartland Payment Systems Launches Bank-Neutral Remote Deposit Capture Product

Headlines: Imaging

The Main Street America Group Selects WAUSAU Retail Lockbox Solution to Drive ARC and Efficiency

Wachovia Opens Remote Check Image Capture Site in Korea

Web Seminar on Merchant Back Office Conversion & Best Practices in Remote Deposit Capture

On September 24, 2007 at 1:30 pm Eastern, Panini will sponsor a web seminar on Merchant Back Office Conversion and RDC Best Practices.  Bob Meara, a senior analyst with Celent, will present on RDC Best Practices.  Mr. Meara recently wrote a report of the same name which featured some orginal research on the topic.

To register, click here.  Its a freebie and includes a drawing for $500!

Commerce Bank Select WASAU for Retail Lockbox

Kansas City based Commerce Bank selected WAUSAU as its end-to-end remittance solutions provider and is utilizing WAUSAU's industry-leading ImageRPS application for retail lockbox operations.  For the full press release, click here.

The Next Generation of Remote Deposit Capture

Ed McLaughlin, Executive Director at RemoteDepositCapture.com, speculates on the future of remote deposit capture:

"The ability to include access to these other (payment) applications is leading to a next generation, a 3rd generation, of Remote Deposit Capture in the market, one which will use portal technology, and where access to other enterprise applications and all payment types will be managed from a single screen. The advantage of portals is that they integrate different applications and business processes in a single UI that can be personalized by user yet still maintain totally different back office services."

Commentary

If your bank is planning its next remote deposit capture release, this article is worth a read.  You can find it here.

WASAU Adds Remote Lockbox Capability to its Remote Deposit Capture Solution

WASAU Financial Services has released a new version of its remote deposit capture solutions which "includes new options for remote wholesale lockbox processing, with enhanced Optical Character Recognition (OCR) technology, featuring full-page document scanning capabilities for invoices and customer correspondence that may accompany a customer payments."  For the full press release, click here.  In another press release, WASAU claims to have been chosen to replace incumbent remote deposit capture systems at 5 of the top 50 U.S. banks.

Commentary

WASAU Financial Services has a strong remote capture product and the company seems to have a good handle on the needs of banks.  The inclusion of remote lockbox capability is a natural for WASAU, as lockbox processing systems are a core comptency for the company.  Lockbox capability represents the next logical step in corporate remote deposit capture systems and could be a boon to community and regional banks that need to provide a wholesale remittance option in local markets, but cannot justify the investment in a local lockbox operation.

Banks that are seeking an all-inclusive remote capture option should give WASAU a look, especially if they also need an image-enabled remittance processing.