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CheckFaxRDC
CheckScanRDC Consulting About Us

May 2002
Depositing Checks from Your Office


Lighthouse prepared a presentation assessing new business opportunities arising from the anticipated passage of the Check Truncation Act. The act would make electronic check images the legal and functional equivalent of their paper counterparts. The act also would allow for the printing of substitute checks for delivery to paper-only banks, ensuring backward compatibility.

This opens an opportunity to use check scanning equipment, both at small-to-medium sized businesses and intra-bank at the branch level to speed transactions and lower processing costs associated with the transportation and processing of paper checks. Checks could be scanned by businesses in their offices and sent electronically to their bank for deposit.

Customers would benefit from earlier funds availability, lower bank fees, and the reduction or elimination of bank visits. Bank benefits include lower processing costs through earlier image capture, lower branch costs, and competitive market advantage for business customers.

The opportunities identified in the presentation included: 1) leveraging existing positions of business equipment manufacturers to enter this emerging market for low to medium volume check imaging equipment; and 2) allowing banks to compete more aggressively and over a broader geographic area by reducing the need for business customers to visit branches.




RESEARCH

March 2011
Small and Home Busines Check Deposit Practices 2010-11 Survey Results


October 2007
Small Business RDC Survey Results


ARTICLES


2012
Some Small and Home Businesses Willing to Pay Large Premium for RDC

Small and Home Businesses Are Not All the Same – An RDC View


2011
Lighthouse Consulting Group, LLC Granted Patent for CheckFaxRDC Application

2010 Survey of Small and Home Business Check Deposit Practices Now Closed

2010
LCG Sets Up LinkedIn Small and Home Business Depositor Group

CheckFaxRDC Compared to Other Remote Deposit Capture Solutions

2009
Looking Beyond the Averages When Offering RDC to Small and Home Businesses


2008
Oil Prices, Credit Crises - Alternate Routes to Remote Deposit Capture Growth


What will the role of branches be in 2015?

Remote Deposit Capture Creates Market Segmentation Opportunities


2006
Fax Machines - Check Scanners
Small Business Already Have


2005
Small Business - A Remote Capture Opportunity

Remote Check Image Capture -  Business Case Behind the Marketing Opportunity

2004
Check 21 a Marketing Opportunity!


2003
Check 21 Act Passes Congress - Opportunities and Concerns


When Will Banks Get On

Board for Check Imaging?


Customer Relationship Management - Why Expectations Go Unmet


Recover from a Disaster or Risk Customer Attrition


Internet Attacks May Be the Least of Your Worries!

Losing the Paper Chase


2002
Fewer Checks to Be Written and Even Fewer to Be Posted

Depositing Checks from Your Office
Copyright 2002-2011, Lighthouse Consulting Group, LLC. All rights reserved.