A new report from Forrester explores Remote Deposit for consumers. USAA is already doing it (see previous post).
Executive summary:
USAA has seen success in deposit growth since it began offering remote
deposit capture (RDC) capabilities to consumer depositors. Although RDC
adoption by businesses has been growing at a very fast rate, Forrester
believes that the service for consumers needs time to enable more
secure capabilities against fraud to be put in place, and to see if
mass-market consumers actually realize any benefits beyond convenience.
But with check writing quickly dwindling as a payments instrument, RDC
for consumers might not have time to evolve into readiness for mass
adoption, in which case it is likely to be a bridge technology relevant
for a maximum of 10 years.
Coming Soon: Remote Deposit Capture For Consumers?
The Payments Landscape Will Drive RDC Adoption
by Mary Pilecki
July 27, 2007
Forrester Research
During her time at Glenbrook, Erin focused on client engagements in business payments, cross-border transactions, bill payment, and the intersection of corporate finance, banking, and ERP/accounting. She has nearly twenty years of experience leading increasingly complex payment initiatives for corporate clients and advising financial institutions and payment technologists on the development of their payment capabilities.
Erin is also the founder of Forte Financial, a consulting firm focused on corporate finance efficiency, technology, and process improvement. She is a past president of the Financial Women’s Association of San Francisco and also a two-term past president of the San Francisco Treasury Management Association. Erin is no longer with Glenbrook, but contributed greatly during her time at the firm.