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The paper check has a nasty reputation in B2B payments as a cumbersome, manual and risky payment rail. Today, Ballagh said, RDC technology has advanced to make the process of accepting a check even more seamless. Historically, businesses deployed RDC technology by integrating a desktop scanner into the workplace.
Earlier this month, the company announced a buyback program to help financial institutions (FIs) trade in their broken Remote Deposit Capture (RDC) tools for an upgrade. Separate data from the Association for Financial Professionals (AFP) found use of the paper check increased in 2016.
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