ABA Banking Journal - January 2007 - (Page 18) Warning : session_start : The session id contains invalid characters, valid characters are only a-z, A-Z and 0-9 in /mnt/data/www.nxtbook.com/fx/config_1.3/global.php on line 9 Warning : session_start : Cannot send session cache limiter - headers already sent output started at /mnt/data/www.nxtbook.com/fx/config_1.3/global.php:9 in /mnt/data/www.nxtbook.com/fx/config_1.3/global.php on line 9 Warning : Cannot modify header information - headers already sent by output started at /mnt/data/www.nxtbook.com/fx/config_1.3/global.php:9 in /mnt/data/www.nxtbook.com/fx/config_1.3/global.php on line 10 community Jan 07 12/16/06 3:53 PM Page 18 Community Banking Pass the Aspirin: Avoiding E-trouble....... 22 Ramping up for remote capture Remote capture seen as everything from a major plus to just another commodity. The risks of fraud dictate careful adoption “ K now your customer” is a term known mainly in the anti-money-laundering arena. But now the phrase has acquired important meaning in the area of remote deposit capture for merchants. Ann Marie Mehlum’s Summit Bank, a $70 million-assets bank in Eugene, Ore., was an early adopter of RDC, and in more than one sense. Summit began offering the technology not long after the advent of Check 21 made it practical. But it also began offering By Steve Cocheo, executive editor RDC only nine months after the young bank opened its doors. At its core, RDC is an express ticket into the bank’s deposit column, and bankers taking part in a recent ABA Banking Journal roundtable discussion about RDC and Check 21 clearly understand that this is like a key to the gunroom—not something you place in just anyone’s hands. “We have been very careful about who has it,” says Mehlum. “We probably have 40 business clients who use it, at this point. And there are about another 40 who are really glad that we have it, but they don’t actually want it yet.” “I don’t think we have a client using it that someone in our Members of the ABA BJ RDC roundtable* Larry Duckworth, president and CEO, OmniAmerican Bank, Fort Worth, Texas. $1 billionp l u s . Credit union-turned-federal-thrift, ramped up with Check 21 early, to take advantage of charter conversion. R a n d y K. Ferrell, president and CEO, Fauquier Bank, Warrenton, Va., $500 milliona s s e t s . Two-county market, where larger competitors are already offering RDC. Plans to implement RDC in second quarter 2007. John A. Klebba, president and CEO, Legends Bank, Linn, Mo. $206 million. Is using RDC technology between branches in eight rural communities. Not yet using with customers. Warren K.K. Luke, chairman, president, and CEO, Hawaii National Bank, Honolulu. $450 million. Got on board early with Check 21 because of Hawaii’s unique island geography. A n n Marie Mehlum, president and CEO, S u m m i t Bank, Eugene, Ore. $70 millions. T w o - a n d - a - h a l f - y e a r - o l d bank started off with RDC as part of its business plan. Lynda Messick, president and CEO, Community Bank Delaware, Lewes, Del. $22.6 million. Four-month-old de novo started up with RDC as part of business plan. P a t r i c k D. Redmond, president and CEO, V i k i n g Bank, Seattle, Wash. $420 million. Bank is in beta test stage of RDC with customers. * held in late October 2006 18 JANUARY 2007/ABA BANKING JOURNAL www.ababj.com/subscribe.html Warning : Unknown : The session id contains invalid characters, valid characters are only a-z, A-Z and 0-9 in Unknown on line 0 Warning : Unknown : Failed to write session data files . Please verify that the current setting of session.save_path is correct /var/lib/php/session in Unknown on line 0 http://www.omniamerican.org http://hawaiinational.com http://www.omniamerican.org http://www.summitbankdirect.com:80/ http://www.fauquierbank.com http://www.communitybankdelaware.com http://www.communitybankdelaware.com http://www.legendsbank.com:80/ http://www.legendsbank.com:80/ http://www.vikingbank.com Table of Contents for the Digital Edition of ABA Banking Journal - January 2007 Contents Editor’s Column So, You're Thinking of Hiring a Gumshoe Snapshot: CRE Numbers Speak. But What Do They Mean? Sleight of Mind Fed's Cash Fee Deadline Only Six Months Away ABA Resources ABA Chairman’s Position Ramping Up For Remote Capture Protecting Your Bank From Employee E-mail Naughtiness Cover Report: Payment Changes Special Report: Washington Outlook: A New Broom? Not exactly Insurance Report: Are You Protected by Cardboard? Compliance Mailbox Why IT Spending Will Continue Despite Economic Challenges Taking CRM Beyond the MCIF Banker’s Mart To Advertise/Index of Advertisers The Economy ABA Banking Journal - January 2007 ABA Banking Journal - January 2007 - (Page Cover1) ABA Banking Journal - January 2007 - (Page Cover2) ABA Banking Journal - January 2007 - (Page 1) ABA Banking Journal - January 2007 - (Page 2) ABA Banking Journal - January 2007 - Contents (Page 3) ABA Banking Journal - January 2007 - Editor’s Column (Page 4) ABA Banking Journal - January 2007 - Editor’s Column (Page 5) ABA Banking Journal - January 2007 - Editor’s Column (Page 6) ABA Banking Journal - January 2007 - So, You're Thinking of Hiring a Gumshoe (Page 7) ABA Banking Journal - January 2007 - Snapshot: CRE Numbers Speak. But What Do They Mean? (Page 8) ABA Banking Journal - January 2007 - Snapshot: CRE Numbers Speak. But What Do They Mean? (Page 9) ABA Banking Journal - January 2007 - Sleight of Mind (Page 10) ABA Banking Journal - January 2007 - Sleight of Mind (Page 11) ABA Banking Journal - January 2007 - Fed's Cash Fee Deadline Only Six Months Away (Page 12) ABA Banking Journal - January 2007 - Fed's Cash Fee Deadline Only Six Months Away (Page 13) ABA Banking Journal - January 2007 - Fed's Cash Fee Deadline Only Six Months Away (Page 14) ABA Banking Journal - January 2007 - ABA Resources (Page 15) ABA Banking Journal - January 2007 - ABA Chairman’s Position (Page 16) ABA Banking Journal - January 2007 - ABA Chairman’s Position (Page 17) ABA Banking Journal - January 2007 - Ramping Up For Remote Capture (Page 18) ABA Banking Journal - January 2007 - Ramping Up For Remote Capture (Page 19) ABA Banking Journal - January 2007 - Ramping Up For Remote Capture (Page 20) ABA Banking Journal - January 2007 - Ramping Up For Remote Capture (Page 21) ABA Banking Journal - January 2007 - Protecting Your Bank From Employee E-mail Naughtiness (Page 22) ABA Banking Journal - January 2007 - Protecting Your Bank From Employee E-mail Naughtiness (Page 23) ABA Banking Journal - January 2007 - Protecting Your Bank From Employee E-mail Naughtiness (Page 24) ABA Banking Journal - January 2007 - Protecting Your Bank From Employee E-mail Naughtiness (Page 25) ABA Banking Journal - January 2007 - Protecting Your Bank From Employee E-mail Naughtiness (Page 26) ABA Banking Journal - January 2007 - Protecting Your Bank From Employee E-mail Naughtiness (Page 27) ABA Banking Journal - January 2007 - Protecting Your Bank From Employee E-mail Naughtiness (Page 28) ABA Banking Journal - January 2007 - Cover Report: Payment Changes (Page 29) ABA Banking Journal - January 2007 - Cover Report: Payment Changes (Page 30) ABA Banking Journal - January 2007 - Cover Report: Payment Changes (Page 31) ABA Banking Journal - January 2007 - Cover Report: Payment Changes (Page 32) ABA Banking Journal - January 2007 - Cover Report: Payment Changes (Page 33) ABA Banking Journal - January 2007 - Special Report: Washington Outlook: A New Broom? Not exactly (Page 34) ABA Banking Journal - January 2007 - Special Report: Washington Outlook: A New Broom? Not exactly (Page 35) ABA Banking Journal - January 2007 - Special Report: Washington Outlook: A New Broom? Not exactly (Page 36) ABA Banking Journal - January 2007 - Special Report: Washington Outlook: A New Broom? Not exactly (Page 37) ABA Banking Journal - January 2007 - Special Report: Washington Outlook: A New Broom? Not exactly (Page 38) ABA Banking Journal - January 2007 - Insurance Report: Are You Protected by Cardboard? (Page 39) ABA Banking Journal - January 2007 - Insurance Report: Are You Protected by Cardboard? (Page 40) ABA Banking Journal - January 2007 - Insurance Report: Are You Protected by Cardboard? (Page 41) ABA Banking Journal - January 2007 - Compliance Mailbox (Page 42) ABA Banking Journal - January 2007 - Compliance Mailbox (Page 43) ABA Banking Journal - January 2007 - Why IT Spending Will Continue Despite Economic Challenges (Page 44) ABA Banking Journal - January 2007 - Taking CRM Beyond the MCIF (Page 45) ABA Banking Journal - January 2007 - Taking CRM Beyond the MCIF (Page 46) ABA Banking Journal - January 2007 - Taking CRM Beyond the MCIF (Page 47) ABA Banking Journal - January 2007 - Banker’s Mart (Page 48) ABA Banking Journal - January 2007 - To Advertise/Index of Advertisers (Page 49) ABA Banking Journal - January 2007 - To Advertise/Index of Advertisers (Page 50) ABA Banking Journal - January 2007 - To Advertise/Index of Advertisers (Page 51) ABA Banking Journal - January 2007 - The Economy (Page 52) ABA Banking Journal - January 2007 - The Economy (Page Cover3) ABA Banking Journal - January 2007 - The Economy (Page Cover4) http://www.nxtbookMEDIA.com
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