Abstract
Remote deposit or check image capture has taken off far faster than expected.
The rapid adoption of the product by banks and commercial customers alike has
taken the industry by storm and revived the sagging check segment of payments.
As this new form of the customer/bank relationship takes shape, FI' s and
solution providers will need to address a number of new questions. How large
is the corporate capture market? How fast is the market growing, is it
sustainable and for how long? What new industry dynamics will shape
competition for commercial clients?
"From the large multinationals to the smallest community banks, check imaging
in the form of corporate capture is being rolled out to commercial customers
across the US," according to Michael Friedman, Director of Mercator
Advisory Group' s Emerging Technology Practice and principal analyst on the
report. "Apart from the obvious, this has a tremendous impact for banks
and specifically online banking, in terms of the way commercial customers are
served."
In Commercial Capture Solutions, Mercator Advisory Group examines the rapid
growth of check image deposits in 2006 and the increasing use of check images
for inter-bank transfers. Three leading banks are profiled to gauge the
growth in check imaging. In addition the report looks at published results
from check image exchanges and the Federal Reserve Bank.
The report also attempts to quantify the commercial capture opportunity.
Using data from the Bureau of Labor Statistics, the report estimates a
potential customer base for commercial capture products. Delivery strategies
for banks are reviewed as well as a look at the strategic questions banks will
want to answer in the new check economy. Finally, a review of potential
hardware solutions is included.
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