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Remote Deposit Capture: Consumers on the Go

The current state of mobile remote deposit capture services

Abstract: The persistent use of paper checks for payments of everything from expense reimbursements to credit balance refunds to commissions is no match for mobile financial service product developers. The ability of smartphones to capture high quality images is at the heart of remote deposit capture solutions capable of turning a promise to pay into spendable funds on the go.

In this Note, we'll examine the current state of mobile remote deposit capture services to look at who's developing them, who's deploying them, and who's using them.

Other recent Debit Advisory Reports recently released:

Online Debit: Selling Convenience (And Trust)November 2011
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Patricia Hewitt
Cross-Border Debit: A Small World of Big OpportunitiesOctober 2011
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The Cost of Payment Acquiring vs. the Cost of Card Acceptance: Acquirer Pricing Strategies Post-DurbinSeptember 2011
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This is a Mercator Advisory Group Note and is available through a membership services relationship. It is also available for one-off purchase.

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About Mercator Advisory Group
Mercator Advisory Group is the leading, independent research and advisory services firm exclusively focused on the payments and banking industries. We deliver pragmatic and timely research and advice designed to help our clients uncover the most lucrative opportunities to maximize revenue growth and contain costs. Our clients range from the world's largest payment issuers, acquirers, processors, merchants and associations to leading technology providers and investors. Mercator Advisory Group is also the publisher of the online payments and banking news and information portal PaymentsJournal.com.


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