India began phasing out its paper-check exchange system in 2008, replacing it with the image-based Cheque Truncation System (CTS), which debuted in 2011. Public use of remote deposit capture is currently very limited, but many banks and regulators are exploring options for bringing it into the mainstream.
“More than a billion paper checks are deposited annually within India, and the cost savings from modernizing the country’s check exchange system has already been tremendous,” says Alex Trombetta, Digital Check’s vice president of international sales. “Introducing remote deposit capture is the next logical phase in this process, and we expect it to bring even more savings to Indian banks, as well as an eagerly anticipated convenience for their customers.”
Topics covered in the seminar include general remote deposit trends, business cases and best practices; capturing and processing ultraviolet security features on checks and payment documents; and hardware and software solutions for the Indian market. The event is followed by a question-and-answer session and high tea.
Digital Check has been hosting educational seminars about remote deposit capture around the globe since 2012. This year’s series includes events planned in Brazil, Peru, London, Dubai, Mumbai, and Manila.
For more information, or to learn more about Digital Check’s scanners and image software, visit www.digitalcheck.com.