updated 05:55 pm EDT, Mon September 27, 2010
Software allows banks to accept scanned checks
Thanks to the growing popularity of Macs in the business world, Mac users will soon be able to enjoy the benefits of remote deposit capture (RDC) directly from their computers, says a leading bank-software provider. "Remote deposit capture" refers to being able to scan checks and upload the image to a financial institution without ever having to physically deliver the actual check.
Cachet Financial Solutions has updated their RDC Select software to be Mac-compatible for the first time, extending the benefits of RDC to Mac owners. Though primarily used by businesses, some institutions are now testing the service with consumers as well.
RDC is not the same practice as either direct deposit (where no actual check is involved) or online depositing (where a user can notify the bank of a deposit via computer but must still deliver the actual check). RDC became popular in the US in 2004 when the Check 21 Act was passed by Congress.
The company expects the software to be available for Mac users starting October 15th of this year.