Remote Deposit Capture
Remote Deposit Capture, also referred to as RDC or merchant capture, was introduced to the marketplace within the past ten years as a means to scan checks from a remote location and electronically deposit an image instead of the paper check. RDC has had solid market penetration across the banks in the U.S., yet many banks take a conservative approach to offering the service as there is a certain degree of perceived incremental risk associated with these transactions.
Depositing customer subscribe to RDC services to reduce the time required to physically deliver deposits to a branch as well as streamline manual processes for creating deposits. To facilitate these customer goals, Orbograph provides CAR/LAR recognition solutions which deliver 90% or 98% automation or read rates, with a 99% accuracy. Such high rates of automation maximize customer satisfaction by minimizing the number of corrections and downstream adjustments. This is particularly important in larger deposits over ten items, when misreads cause deposit corrections.
Orbograph solutions are well positioned for thick-client, smart-client, and thin-client systems as the market has evolved toward a web-services model using the internet to capture images to hosted systems. Orbograph check recognition solutions offer flexible deployment options with system interfaces which include Java, .Net, C#, web services, and C++.
As RDC expanded into mobile capture, Orbograph enhanced the ability to recognize images captured from smart phones. Levering the power of our multi-engine MICR/OCR recognition, mobile phone and even flat bed scanners can generate images with automated processing.
Automated Endorsement Analysis
An important consideration in RDC is ensuring that a check is properly endorsed, thus minimizing the chances of checks being re-deposited at other financial institutions. Orbograph Automated Endorsement Analysis is the only solution in the market that automatically inspects the back image for proper endorsements. The system can even ignore virtual endorsements!
Relevant Orbograph Products