A recent survey by the Independent Community Bankers of America (ICBA) finds that community banks are leveraging technology and electronic payments to serve small business customers and extend their market reach. More than 1,100 community banks responded to the survey.
- Community banks are implementing check image clearing and settlement at an unprecedented rate. Nearly 90 percent of community banks will offer
check image clearing and settlement by 2009.
- Remote deposit capture was cited as a top strategic objective. Over 20
percent of respondents offer merchant remote deposit capture with
another 45 percent planning to do so within two years.
2007 ICBA Payments Survey
Independent Community Bankers of America