Remote Deposit Capture (RDC)
As a result of the 2004 Check 21 legislation,Remote Deposit Capture (RDC) is simplifying the way businesses route checks. RDC benefits companies by facilitating improved cash flow, providing additional availability of funds and lowering cost for fund deposits.
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How does Remote Deposit Capture Work?
Remote Deposit Capture allows depositors to scan checks and transmit the check images to Peoples Bank for posting and clearing. The basic requirements include a PC, Internet connection, a check scanner and a Peoples Bank account!
Checks received by businesses can be scanned to create a digital deposit. This digital deposit is then transmitted to Peoples Bank where we accept the deposit, post the deposit to your account and assign availability based upon your availability schedule. It is just that easy!
Why use Remote Deposit Capture?
Remote Deposit Capture provides organizations with quicker access to money. RDC shortens the lifecycle of incoming payments by removing the physical transportation from the first stage of the business receiving the check to deposit. This facilitates shorter float and lower transportation cost for businesses and improves efficiencies for employees. RDC allows better productivity without compromising accuracy.
Getting Started - Are You Ready?
Remote Deposit Capture is a promising solution for organizations with payments that have to be deposited quickly and accurately. Peoples Bank is ready to help. Set-up is quick and easy. After a simple installation, businesses will be able to scan checks, view check images, and enter check and batch amounts as well as securely transmit images to People Bank.
Contact a Business Service Specialist to learn more on how you can start saving time and money today.