April 24, 2012

JPMorgan Treasury Services today announced the launch of a new mobile RDC application, called Image Deposit Direct Mobile (IDD Mobile). The product enables U.S.-based companies to make check deposits using any Apple iPhone device.

According to JP Morgan, IDD Mobile is an extension of its traditional end-to-end check processing solution Image Deposit Direct, an Internet-based remote capture solution for depositing paper check payments. IDD Mobile allows checks to be deposited in real time, at the point of receipt, while an employee is in the field, said the bank. According to JP Morgan, the application is ideally designed for clients with sales forces that collect checks from merchants, replacing the need for employees to make an additional trip to a banking center to make a physical deposit or to a centralized office location for checks to be scanned for deposit.

All IDD Mobile communications are securely encrypted using SSL encryption, said the bank, and potential duplicate checks are identified and decisioned directly on the device. Additionally, sensitive data is not stored on any mobile device. Deposits may also be reviewed and approved from the corporate office prior to being released for deposit.

[Related: Exclusive Q&A With Chase SVP of Mobile Ravi Acharya. ]

ABOUT THE AUTHOR
Bryan Yurcan is associate editor for Bank Systems and Technology. He has worked in various editorial capacities for newspapers and magazines for the past 8 years. After beginning his career as ...