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Remote deposit information


Remote deposit or mobile deposit is the ability of a bank customer to deposit a cheque into a bank account from a remote location, without having to physically deliver the cheque to the bank. This was originally accomplished by scanning a digital image of a cheque into a computer then transmitting that image to the bank, but is now accomplished with a smartphone. The practice became legal in the United States in 2004 when the Check Clearing for the 21st Century Act (Check 21 Act) took effect, though banks are not required to implement the system.

This service was originally used primarily by businesses with dedicated check scanners, but with the spread of smartphones and mobile banking it is now common in consumer banks.

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Remote deposit

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Remote deposit or mobile deposit is the ability of a bank customer to deposit a cheque into a bank account from a remote location, without having to physically...

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Check 21 Act

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mobile phone to capture images of checks and deposit them electronically, a process known as remote deposit. Check 21 is not subject to ACH rules; therefore...

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Bank

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A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities...

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Mobile banking

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balances and lists of latest transactions, electronic bill payments, remote check deposits, P2P payments, and funds transfers between a customer's or another's...

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Remote sensing

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Remote sensing is the acquisition of information about an object or phenomenon without making physical contact with the object, in contrast to in situ...

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RDC

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Remote Desktop Connection, client software for Microsoft Remote Desktop Services Remote deposit capture, an electronic banking technology Research Diagnostic...

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Capital One

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suspicious activity reports, had deficiencies in its risk assessment, remote deposit capture and generally had weaknesses that compromised national bank...

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Online casino

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and may be given to match the first two or three deposits (First Deposit Welcome Bonus, Second Deposit Welcome Bonus, etc.). They can also be tied to specific...

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BankServ

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primarily supplying banks with the behind-the-scenes programs used for remote deposit, internet bill payment, mobile payments, wire transfer payments and...

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Payment processor

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electronic portal that enables a merchant to scan checks (often called remote deposit capture or RDC), process single and recurring credit card payments (without...

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Cheque clearing

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electronic clearance. The legalisation of remote deposit made it possible for businesses and bank customers to deposit cheques without delivering them to their...

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Truxton Trust

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checking and savings accounts, Truxton Trust also provides remote deposit, ACH services, Xpress deposit, online bill payments, and other treasury management...

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Liberty Bell Bank

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business banking, business lending, CD's, online banking with BillPay, Remote Deposit, merchant services, and loans. Liberty Bell Bank is an FDIC insured...

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Cheque truncation

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original on August 29, 2018. Retrieved March 9, 2016. "Alogent Commercial Remote Deposit". Jack Henry & Associates. Archived from the original on 2013-06-30...

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MicroBilt Corporation

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Merchant Services are accredited by Visa. This subsidiary also supports remote deposit. Incorporated in 2004, MicroBilt Financial Services acquired several...

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Substitute check

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were formalized by the Check 21 Act which came into effect in 2004. Remote deposit Cheque truncation "Clearing Replacement Documents Coming This October...

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Telhio Credit Union

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savings accounts, telephone banking, online banking, mobile banking, and remote deposit as well as many other services. Additionally, through a partnership...

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Remote sensing in geology

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the Tibesti Mountains, which is remote and politically unstable in recent decades due to conflicts over uranium deposit underneath. The area, however,...

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Product differentiation

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offering of remote access and the other is of deposit rates. Hypothetically, there will be two consequential scenarios if only one bank offers remote access...

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Chain Bridge Bank

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instead concentrated on implementing emerging technologies, such as remote deposit capture, in order to bank clients all across the country. Chain Bridge...

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Cleaning card

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information transaction (point of sale terminal, automated teller machine, remote deposit check scanners, micr readers, magnetic stripe reader, bill acceptor...

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Mining geology

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identified ore deposit to economically extract the ore. Ore genesis Prospecting Mineral exploration Exploration geophysics Geochemistry Remote sensing Mining...

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Nevada State Bank

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images of cleared checks and deposit slips online. 2005 - Nevada State Bank is the first bank in the state to offer Remote Deposits, enabling companies to scan...

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Substitute checks in the United States

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back notice to its customer who deposited or offered the check for settlement. Check (cheque) truncation Remote deposit "Frequently Asked Questions: Consumer...

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Epithermal vein deposit

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The epithermal vein deposit (EVP) is a type of mineral deposit that forms in the shallow subsurface, typically at depths of less than 1,500 meters below...

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Container deposit legislation in Australia

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Container deposit legislation (CDL), also known as a container deposit scheme (CDS), is a scheme that was first implemented in South Australia in 1977...

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