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Check deposits without scanners topic of white papers
SARATOGA, Calif. (2/17/11)--All My Papers (AMP), a developer and distributor of software for image cash letters, has released a solutions paper on remote deposit capture (RDC) using scanners without hardware magnetic ink character recognition (MICR) readers for check image exchange. The advent of remote deposit camera capture (RDCC) challenges current assumptions about check image processing, AMP said. It is more than just a mobile-phone application. Check image deposits that were once captured with traditional RDC scanners with hardware MICR are now captured by mobile phones, desktop flatbed scanners, and digital cameras without hardware MICR. MICR data such as bank routing numbers and account numbers now must be read accurately using software-only applications. The AMP solutions paper covers the issues raised by the emerging RDCC technology:
* Check images captured with RDCC devices often have poor image quality and are not in the correct file format required for check image exchange. A different image processing strategy must be used for each type of device to ensure the check images flow through the exchange process with minimal returns and rejections. * Checks scanned by consumers and small businesses have a greater chance of being presented multiple times because users don’t go through the rigorous workflow that truncating the original paper checks requires. Duplicate check detection is now important to minimize customer service costs, prevent mistakes and deter fraud. * Exchange networks, like the Federal Reserve Bank, have limited the file formats for Image Cash Letters (ICL) for exchange. However, this file conformance is in contrast to the many and unique ICL file formats that financial institutions use for RDC. The RDC file formats are often proprietary to a particular financial institution. Any adopted solution must be able to create the exact format required by the destination point of the ICL. * To attract and retain customers, the financial institution RDCC process must ensure a positive member/customer experience. Consumers do not want to take repeated pictures of checks or have deposits go to the wrong bank or account. Speed and accuracy of extracted data and check images are essential.
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