Remote Deposit Capture
Remote deposit capture is a service that lets businesses and individuals deposit checks by transmitting images electronically. It reduces the need to visit a bank branch to deposit paper checks.
RDC systems use scanners or mobile devices to capture check images and MICR data. Processing relies on image exchange rules established under Check 21. It powers mobile check deposit in consumer apps.
Related Terms
Check
A check (or cheque in British English) is a written order instructing a bank to pay a specific amoun...
Check 21
Check Clearing for the 21st Century Act
Check 21 is a U.S. law that allows banks to process checks electronically by creating substitute che...
Mobile Check Deposit
Mobile check deposit allows customers to deposit a check using a smartphone app. The app captures im...
MICR
Magnetic Ink Character Recognition
MICR is a technology used on checks that allows machines to read the routing number, account number,...
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