Remote Deposit Capture and the Electronic Draft Capture POS Terminal

by Scott Loftesness on August 8, 2009

in Remote Deposit Capture, Scott Loftesness

Scott Loftesness

Over on the Credit Slips blog, Adam Levitin writes about the implications of remote deposit capture for the banking industry.

I see a parallel between what’s happening with RDC and what happened 20+ years ago in the credit card business with the deployment of electronic draft capture POS terminals. What was essentially a paper-based local business was transformed into a business with no local support requirements – enabling national scale players to emerge and compete effectively for that business. As a result, most local banks exited the credit card merchant acquiring business and it became the province of a handful of large, national merchant acquirers.

Of course, reality is never so simple – but sometimes the key drivers are. See more of my comments here in response to Adam’s post.

One Response to “Remote Deposit Capture and the Electronic Draft Capture POS Terminal”

  1. Scott, that post on the Credit Slips blog is infected.
    John MacAllister

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