Scanning the Future:  Relyco Moves into the Remote Capture Market

The hottest emerging trend in banking these days is Remote Deposit Capture, which is the process that allows customers to make their bank deposits electronically, without ever having to leave their desks.

Relyco has jumped into this latest trend with both feet, and is partnering with national and local area banks and credit unions to provide their customers with the equipment and consumables needed to take advantage of the Remote Capture and Remote Deposit technology.

In addition to offering high security laser check stock, MICR laser printers, and an array of checkwriting software products, Relyco is now adding Panini My Vision X Document Scanners to their product mix, as well as the software required to upload checks from accounting systems to the banks for processing.  Panini scanners are widely recognized as the best on the market, making them a natural fit for a company like Relyco, whose mission is to provide customers with the most secure, dependable systems on the market.

Remote Deposit Capture enables banks and their customers to take advantage of the recently implemented Check 21 Act, legislation which allows banks to accept and process electronic images of checks in place of the physical checks themselves.  In doing this, banks and financial institutions are able to work with businesses that might once have been considered too far away, and the service makes it easier for customers by eliminating the need to make a trip to the bank in order to make a deposit.

“This new technology makes it easier for just about any business to do their banking,” says Mike Steinberg, President and CEO of Relyco, “but for companies with multiple branches or overseas operations, it is an absolute Godsend.  Now, instead of waiting for checks to be mailed and couriered all over the globe, transactions can be made instantaneously, without ever setting foot outside the office.”

So far, Relyco has received great feedback on the check scanning products, from both the end users and the banks themselves.  “This is a classic win-win situation,” noted Steinberg.  “Some customers are a little intimidated by the concept at first, because it sounds more hi-tech than it really is, but once they realize how easy it is to install the system and begin using it, their fears are quickly dispelled.”

For more information on Remote Deposit Capture and Panini My Vision X Document Scanners, click here.