What is Remote Deposit Capture (RDC)?

Remote Deposit Capture (RDC) is correctly identified as a delivery system for processing paper checks remotely. This technology allows users, typically individuals or businesses, to scan checks and submit the image electronically to their financial institution for processing. The benefits of RDC include convenience, as it eliminates the need to physically deposit checks at a bank branch or ATM.

Understanding RDC is crucial in the context of payments risk management, as it involves handling sensitive banking information and ensuring compliance with regulatory standards. It also highlights the importance of secure data transmission, identity verification, and risk assessment associated with remote banking services.

The other options do not accurately reflect the function of RDC. While cash deposits into ATMs, electronic fund withdrawals, and new account creation are important parts of banking services, they involve different processes that do not pertain to the core concept of Remote Deposit Capture.