RDC Matures: All Dressed Up and Places to Go

At the beginning, there was Zions Bancorporation and its then subsidiary, NetDeposit®, LLC. These companies pioneered the remote deposit capture (RDC) industry and entered the marketplace before Congress passed The Check Clearing Act for the 21st Century in 2003. The legislation, which became known as Check 21, took effect the following year. It authorized the use of check images or image replacement documents (IRDs) as legal equivalents of original paper checks. The industry's innovators…