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Depositing Checks With Your Phone’s Camera

May 24, 2011

Mobile remote deposit capture is a customer acquisition strategy because of its clear value proposition for mobile banking. The service can also lower financial institution processing costs and increase fee income. Additionally, the customers most likely to adopt the service are cost effective bankers.  Javelin Strategy & Research, who is a leading provider of quantitative and qualitative research focused on the global financial services industry, recently published a detailed mobile banking report (see link below).

Measuring the effect of mobile banking on the retail branch environment is a crucial component of FI’s mobile strategy.  How much traffic will never step foot in a branch again as a result of mobile banking technologies like check image capture technology?  How gradual will the decline be?  These questions along with many others can be tracked and answered with FMSI’s The Teller Management System™, which provides bank managment with decision-support intelligence.  By scheduling tellers and distributing sophistacated staffing reports based on forecasted transaction volumes, The Teller Management System™ helps banks gain better control of labor costs while increasing service levels.

Excerpts taken from 2011 Mobile Remote Deposit Capture: Creating a Compelling Business Case for Mobile Servicing

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