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Wachovia launches online remote deposit service

05 October 2006  |  5548 views  |  0 Source: Wachovia Treasury Services

Wachovia Treasury Services is adding the benefits of online hosting to its remote deposit capture (RDC) service.

"Until now, our customers have installed and maintained remote deposit capture software on their own PCs. Now, they have the option to access the RDC application on the Internet," said Lee Madden, senior vice president of Wachovia Image Services. "RDC Online is an exciting evolution of our market- leading RDC service, offering customers fast and secure setup and the ability to make deposits from any PC meeting system requirements - right from their own offices - without the need for a trip to the bank.

"With RDC Online, customers also benefit from automatic product updates via the Internet," Madden added. "And in case of disaster at their primary business location, they have the added protection of being able to make deposits from other locations."

Wachovia's RDC solutions accelerate cash flow and enable customers to make deposits 24 hours a day, seven days a week, and receive same-day ledger credit for deposits made until 8 p.m. each business day.

RDC Online is quick and easy to install, requiring only a small desktop scanner and a PC with an Internet connection.

Wachovia's RDC Online pilot customer, a prominent company in the steel industry, has successfully installed, captured checks, transmitted its deposit and generated deposit reports using the new software.

Wachovia's RDC Online solution offers the same benefits as its PC-based RDC solution, including duplicate detection and the ability to display previously deposited items. In addition, RDC Online will offer enhanced reporting of deposits, including image statements and multiple output options for reports, including XML, delimited files, PDF and MS Excel.

"The introduction of RDC Online is another step in our progression toward a whole new world of image solutions bringing enhanced business benefits to our customers," said Laurence Leinbach, senior vice president and head of Wachovia's Information Access Product team.

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