Remote Deposit Capture for small business

Remote Deposit Capture for small business

RDM’s Remote Deposit Capture (RDC) web-based application for small business makes it easy to deposit checks electronically. Using a low cost check scanner, or a Twain flatbed scanner, the user captures the front and back image of the check. The application performs image quality and validates legal amount areas and enters the check dollar amount (if recognized) associated with the scanned item. Basic transaction information such as payor name and invoice number can also be entered for each financial document. Users can generate reports or research items online to review a summary of transactions, or drill down to view the front and back images and associated data.

Payment Processing Savings

Small business clients can take advantage of the conveniences and cost savings associated with RDC including:

  1. Increase operational efficiency by reducing trips to a depositing institution
  2. Extend deposit cut-off times allowing for multiple deposits each day
  3. Reduce payment float time, resulting in increased cash flow
  4. Increase the speed and accuracy of deposits

Small business clients can save time and eliminate data entry errors using the integrated receivables feature which offers seamless integration into accounting packages such as QuickBooks and Peachtree. The solution provides the automated integration of payment information entered into RDM’s web application, associating the item with open customer invoices or against any general ledger account. Customer and account balances are automatically adjusted.

Secure and trusted platform

The Remote Deposit Capture web-based application for small business is an integrated solution of RDM’s cloud-based Image & Transaction Management System and requires minimal investment to get started. The solution is easy to implement, deploy, and maintain, offering many customizable features when onboarding new small business clients.

RDM’s cloud-based service includes a complete set of risk mitigation tools from reports to deposit limits to advanced authentication. To safeguard financial data, RDM engages trusted third parties to conduct regular audits and penetration testing to ensure our network, applications and processes surpass the stringent standards imposed by our SSAE16 certification.

RDM processes over $600 billion in payments annually and works with four of the top ten banks in the U.S. serving 31 percent of the top 100 Fortune 500 companies. RDM helps financial institutions and corporations increase revenue, expand marketshare and improve customer service for over 80,000 end-users.

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