Search
 

Mobility, Agility and Clouds Ahead

Treasury technology sweeps forward.

By Richard Gamble | Updated on September 02, 2010

An accounting firm partner wraps up the audit of a West Coast company on Friday afternoon and gets a five-figure check. Rather than carrying it back on the plane to her East Coast home and turning it into accounting on Monday, the partner uses a service implemented by the accounting firm’s treasury department. She whips out her BlackBerry, scans the check and transmits the image to her firm’s East Coast concentration bank account, where the funds are swept into interest-earning investments. This same scenario plays out for a consultant with an iPhone or a college fund-raiser with an Android or a salesman with the right smart phone. As treasury technology sweeps forward, remote deposit capture has joined the mobile revolution.

“We’ve entered the realm where you don’t need a physically stable scanning device for remote deposit. Someone in the field with a smart phone can do it on the spot,” says Gary Brand, director of Source Capture Optimization at Fiserv in Brookfield, Wis. Getting the right lighting can be a challenge, especially for mobile devices without flash units, but after a few tries, the operator learns how to get a usable image, he says.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2024 ALM Global, LLC. All Rights Reserved.