Click. Snap. Send. Deposit made. Consumers love the simplicity of remote deposit capture (RDC). It is a cost-effective, efficient means to serve account holders and expand electronic banking options. But are there risks that could outweigh the benefits and, if so, how can these risks be averted?
Debit cards, mobile banking and online banking have dramatically changed the way people access and use their bank accounts. But checks — arguably the oldest form of non-cash payment — are just as efficient as other methods.
Yes, checking has changed. But the checking account generates approximately $25 billion in consumer banking profits each year.¹ That’s why acquiring and keeping checking account holders is so important. Do you know the facts about checking accounts and how they might impact your institution?
After six years of penny-pinching and coupon clipping, U.S. consumers are spending and borrowing again. This three-part strategy will help your financial institution land its share of home, personal, credit and auto loans. See how
Yes, checking has changed. But checks remain the prevailing form of payment.¹ In the minds of most consumers, the checking account defines their core banking relationship. When it comes to frequency of use and access, the checking account usually trumps savings or any type of loan.
That's why acquiring and keeping checking account holders is so important. Consider the following trends and how they might impact your institution.