Wausau to launch mobile remote deposit capture tech

Source: WAUSAU Financial Systems

WAUSAU Financial Systems®, a Deluxe Corporation company that provides best-in-class financial technology, services and solutions, will introduce its new Commercial Mobile Remote Deposit Capture (RDC) solution at the NACHA Annual Conference, April 20-21, in New Orleans, La.

The Commercial Mobile RDC solution is a highly configurable platform that allows businesses to capture deposits and payments and associated documentation such as invoices or agreements through their mobile devices. Mobile capture is fully integrated with advanced risk monitoring, enabling banks to safeguard their customers' transactions. The solution will be previewed at the conference in WAUSAU’s booth #401.

The demand for RDC technology continues to grow among consumers and businesses. According to Celent, a research and consulting firm focused on the application of information technology in the global financial services industry, hundreds of financial institutions are launching consumer mobile RDC each quarter as a result of customer demand. Businesses are seeking the same convenience consumers receive with mobile RDC but they have much more complex needs including risk management, data collection and documentation. Plus, the speed and efficiency of mobile RDC are additional benefits for both financial institutions and businesses.

“We’re pleased to be able to offer a solution to our financial institution clients that will specifically meet the needs of their commercial business customers and set them apart from the competition,” said Jason Olson, solution manager at WAUSAU Financial Systems.

WAUSAU’s Commercial Mobile RDC provides the convenience of on-the-go mobile use, with a highly configurable platform that allows the capture of multiple payments and deposits in a single transaction as well as any necessary documentation. The features permit businesses to efficiently streamline their processes, and integrate to their accounts receivables for easy updating.

“At present, only a small minority of banks offer commercial mobile RDC, and many of those that do are simply using consumer mobile RDC platforms with higher deposit limits as a stop-gap measure awaiting more adequate vendor solutions,” said Bob Meara, senior analyst, Celent. “Two-thirds of large banks and half of small banks cite definitive plans for launching commercial mobile capabilities for business customers, and their top priority is finding a solution with the same risk management capabilities as desktop RDC. WAUSAU offers that.”

Commercial Mobile RDC is part of WAUSAU’s award-winning Deposit 24/7 RDC Suite™, complete with risk monitoring functionality, and convenient and secure check deposit from the office, at home or on-the-go.

“The business community is seeing the convenience mobile RDC offers, but need a more turnkey approach. Our solution configures to the business’ needs while offering the convenience of mobile. This is really a value-add our banking clients are able to provide to their business customers,” Olson said.

Visit WAUSAU’s booth #401 to preview the new Commercial Mobile RDC solution. To learn more, visit WAUSAU at www.wausaufs.com.

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