Washington, DC, October 10, 2012 – Digital Check Corp (www.digitalcheck.com), a leading provider of desktop check scanners for remote deposit capture, bank teller, and branch back counter to the financial industry worldwide, announced the expansion of its production capacity along with the addition of two new buildings in its Rancho Cucamonga, California-based manufacturing, engineering and technical support facilities. This expansion will increase its U.S. facilities footprint by 127% since the last expansion in 2010.
Business Opportunity: United Southern Bank (USB) desired to reduce the volume of checks being
physically deposited at the branches each day as they were challenged to process them before the end of the business day.
USB also wanted to strengthen its competitive position against the national banks in its market.
To do this, USB implemented remote deposit capture using Digital Check’s new TS240 scanners and Benchmark Technology Group’s software solution, Corporate Capture 21.
Spring Bank, a de novo bank established in August of 2008 in the Milwaukee, WI area, serving the
southern Wisconsin market, didn’t wait long to begin offering remote deposit capture. "Establishing the capability was high on our list of things to do and offer when we opened.” said bank president, David Schuelke. “We saw the competitive advantage of this service to attract business customers outside of our physical footprint."
Garanti Bank decided to implement remote deposit capture at the teller level to eliminate manual check entry to save both time and money. The bank wanted a process to scan post -dated checks quickly and accurately to increase the speed and quality of transactions in order to maintain both customer satisfaction and personnel efficiency.
Silver Bullet Technology announced that it has received the Digital Check Software Integration Excellence Award.
"Digital Check has many successful software partners," said Bryan Clark, CEO of Silver Bullet Technology. "It is an honor to be recognized by DCC. I am very proud of my Silver Bullet teammates; their tireless efforts amaze and delight me every day."
John Gainer, Executive Vice President at Digital Check was recently quoted in the article, Long Live the Check in The Green Sheet, a financial industry publication. The article, written by Green Sheet Senior Editor, Patti Murphy, focused on the fact that though checks have been steadily declining as a consumer payment mechanism, they have continued to be the payment vehicle of choice by most businesses.
Newer forms of check payments, such as digital checks, as well as newer forms of check capture via mobile apps, along with the increased cost of credit and debit payments have caused the slowing of check usage to decrease. As the economy continues its recovery, remote deposit capture adoption has begun to regain strength as well. All in all, the signs of the check's demise have traditionally been overstated in the U.S. market. To view the article, click here.
Five years after inactment of the U.S. Check Clearing for the 21st Century Act, the remote deposit capture (RDC) scanners tasked with recreating checks as digital images have grown increasingly refined to address previously overlooked problems such as when two checks adhere to one another.
That is one of the problems targeted, in a layered and advanced way, by the TellerScan 240 (TS240), a new RDC device from Digital Check Corp. Like many RDC scanners, the TS240 can be fed many checks at a time (up to 100), though they pass through the check scanner one at a time by an automated process.
Ultraviolet (UV) ink has been used as a document security tool for a long time, but only recently have UV cameras become small enough and inexpensive enough to put in a cheque scanner. The use of machine-readable UV opens up a whole new realm of possibilities in cheque security — along with new challenges in using them effectively.
Digital Check interviewed several industry experts on a broad variety of topics, ranging from ink manufacturing to cheque printing to anti-fraud software, to bring you a primer on how to use this exciting new technology and where it may be headed. Topics covered include:
This paper is intended to provide a general understanding of UV cheque security to bankers and regulators alike, in order to make the transition to an automated UV system practical and smooth.
Digital Check is leading the way in UV imaging, with our high-speed TellerScan TS240-UV scanner representing the largest installed base of UV-capable cheque scanners in the world as of February 2013. To find out where our UV scanners are available in your part of the world, contact us online or visit our international resource center to locate a distributor near you.
As financial institutions find themselves facing additional risks related to the remote deposit capture process, they need to consider all avenues available to lower or limit those risks. Included in this risk assessment is selecting the check scanner with the appropriate technologies.
Digital Check provides banks, credit unions and their business customer's full-featured check scanners for remote deposit capture services that include all of the attributes expressed in the Federal Financial Institutions Examination Council's Risk Management of Remote Deposit Capture guidelines. These scanners are also priced to meet the modest budgets of most small businesses.
As distributed check capture applications move from early adopter to widespread, mainstream markets comes the opportunity for greater efficiency or greater disaster. Image quality is the essential component of the check image exchange process, yet is often overlooked. In distributed capture, the image is the negotiable instrument, and if it not captured correctly, costs and risk increase.