ALPHARETTA, Ga. (1/14/16)--Adoption of mobile remote deposit capture (mRDC) continues to soar, without the losses many predicted, according to the newly released mRDC Industry Study.
"Mobile RDC is a home run with financial institutions and their customers," said John Leekley, founder/CEO of RemoteDepositCapture.com. "It drives value, and despite some initial concerns mobile deposit is not driving up fraud. In fact, 76% of the institutions participating in the survey reported no direct losses from mobile deposit."
Notably, 92% of the financial institutions surveyed for the 2015 mRDC Industry Study said the benefits of mobile deposit outweigh the associated costs and risks, while 53% said the benefits far outweigh costs and risks. This mirrors closely findings from the first annual mRDC Industry Study, which was conducted in 2014.
The second annual mRDC Industry Study draws from responses to an online survey of 322 credit unions and banks conducted in April and May.
"The insights provided by this independent study can be extremely valuable as a majority of financial institutions embrace mobile deposit over the next few years," said Leekley, author of the report.