Eastern Bank, the largest independent, mutually owned bank in New England is implementing WAUSAU Financial Systems' mobile remote deposit capture (RDC) solution from its Deposit 24/7 Suite (view press release). The new Mobile Deposit feature allows customers to remotely deposit a paper cheque using an iPhone or Android smartphone.
Consumer use of mobile banking has increased 74% in the past year alone, according to a recent Gartner report. Conversely Javelin has reported that one in four consumers find mobile deposit desirable or very desirable.
In addition to remote deposit capture functionality, Eastern Bank's upgraded mobile application allows its mobile banking customers to find the closest Eastern Bank office or ATM by using their phone's location services feature.