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Remote deposit capture became a reality in 2004. The law allows the transaction papers to be delivered from a location other than a financial entity without having to submit physical documents. 

The document is scanned by a computer or mobile device to create an image. A file is then sent electronically to the bank or credit union, which uses pictures to complete the settlement procedures. 

You can know more about the remote deposit credit union via or various other online sources.

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Business is the most common entity using remote deposit capture. However, some scanning solutions have also been created for individual consumers as well. 

Changes in legislation implemented to accommodate remote deposits in cases where transportation or other needs are not available. This allows the agency to continue to operate in terms of man-made or natural disasters. 

Financial entities are required to physically pass through these documents around before the passage of this legislation. Bank check scanners are used by financial institutions, businesses or individual customers to create and send electronic files to the settlement.

Remote deposit capture involves an individual or business to scan physical documents and send the file to the relevant bodies. This file is used to communicate with the payee bank while doing traditional settlement practices required to move funds from the payer to the payee account.

Businesses that use this service must be familiar with the legalities to ensure the handling of paper transactions done right after the scan is complete. Institutions began offering remote capabilities in an effort to improve customer convenience, the supply decreases the time frame of completion, and reduce the workload.

Remote Deposit Capture Shortens Lines and Improves Customer Convenience