. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
April 2009 - Scott Haynes
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Back by popular demand, it's Check It Out time.  Even our graphics guy spiced up my Check It Out logo.  Today's topic is yet another inspired by a phone call from one of you.

First, though, CPS is excited to announce that your remote deposit capture (RDC) product will be upgraded in June.  There's plenty to share with you about the new release.  An e-mail with release notes will be sent to you very soon, as well as an exact release date.  In addition, CPS will be hosting two webinars to walk you through the enhancements.  Webinar invitations will be e-mailed to you in the next couple weeks.

Secondly, several of you have contacted me regarding the revised FFIEC guidelines for remote deposit capture.  CPS is indeed evaluating these guidelines, and actively working on a response to all the FFIEC compliance requests.  As I e-mailed earlier, you may find FFIEC information and a presentation at www.remotedepositcapture.com.  From the Home screen, click on "Free on-demand Webinar - RDC Management & FFIEC Compliance".  On the subsequent screen, look for the presentation links at the top, and additional resources at the bottom of the screen.

Now, let's Check It Out.  In your October 2008 Check It Out, I discussed parent and child companies.  Parent/child involves a business with multiple scanning locations.  Instead of all locations depositing from a single company, each location (child) has it's own RDC company.  Deposit reconciliation is made easy because of unique company logins.  However, what if such a business opted to share a common RDC company for scanning all deposits from all locations.  In this case, a deposit account serial number would be very helpful in reporting and reconciliation to identify the origin of deposits.  Please, see the attached document for an example of the use of an account serial number.

April 2009 Check It Out attachment

2009 continues to shine for remote deposit capture.  A new trend seems to have developed with our financial institutions.  Last year, FIs focusing on RDC found their sales quickly rising.  This year, that same trend continues.  In addition, more of you are focusing your efforts on selling remote deposit capture.  Hence, I'm seeing more RDC customers coming from even more financial institutions.  Great job, Team!

Lastly, I recently sent you an e-mail regarding a Panini webinar about capturing the full potential of RDC.  If you want to discuss dollars saved with your prospects, take a look at the RDC business value calculator at http://www.remotedepositcapture.com/calculator/business.aspx.  Even those using RDC for small volume can add up to big savings.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .