A service offered by financial institutions that permits clients to deposit checks from a remote location, typically using a scanner or a mobile device camera. This process involves capturing an image of the check and transmitting it electronically to the bank for processing. For example, a business can deposit checks received from customers without physically visiting a bank branch.
This capability provides significant convenience and efficiency, reducing the time and expense associated with traditional banking procedures. It eliminates the need for physical transportation of checks, accelerating funds availability and streamlining accounting processes. The introduction of this technology represents a pivotal shift in banking practices, driven by advancements in image processing and secure data transmission.
