Remote Deposit Anywhere

43 Pages·2012·2.59 MB·English

by  Jim Miller

ProfitStars
Remote Deposit Anywhere
Mobile Deposit
Welcome!

Remote Deposit Anywhere = Mobile Remote Deposit
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Agenda

Mobile Deposit - What we will cover today…

– Market Opportunity
– Integration and Delivery
– System Overview – “How it Works”
– Technology Used
– Questions
What is the market opportunity for
Remote Deposit Anywhere - Mobile?
Mobile Market Trends
• The total number of smartphone users increased over 50%
last year, growing from 63 million subscribers in 2010 to 98
million by the end of 2011.
(comScore, Feb, 2011 & Feb. 2012)

– TODAY there are 234 million mobile users 13 and older. Over
40% of households in US have smartphones.
– Most smartphones come with a 2 megapixel or higher camera.

• More than 25 Billion App downloads have occurred as of
December 2011 (up from 8 Billion in 2010) and this trend
continues to accelerate.
(ReadWriteWeb, Nov, 2011)

Source: comScore, Javelin Strategy & Research, Celent and ReadWriteWeb
Mobile Projections
• Cell phones most common device used for
browsing the web by 2013
– Number of browser-equipped phones to exceed
1.83B, compared to 1.78B PCs in use. (Gartner)
• 3B people globally will be able to make
electronic transactions via mobile or internet
technology by 2014
http://www.engadget.com/2010/01/15/gartner-forecasts-phones-overtaking-pcs-
as-most-common-web-brows?icid=sphere_blogsmith_inpage_engadget
The Online Channel Rules
• Online has already overtaken branches as the
dominant financial services channel.

• Branch transactions are down 1/3 to 1/2 in past 4
years.

• 70% of personal financial transactions take place
outside the branch.

• Since branch operating costs are fixed, cost of in-
person transactions increased 30-40%!!!
“A Lifetime of Change in 24 Months??!!”
Presented by Fred Brothers of eCom Advisors
at NACHA Mega Meeting; 9/23/2009
Transaction Costs by Channel
Mobile is the lowest-cost banking channel to serve on a per-transaction basis.
Fiserv White Paper: “How to Achieve a Compelling ROI
from Mobile Financial Services” ; www.checkfree.com
Smartphone Wars
• Smartphone market share
– Android 50%, iPhone 28%, BlackBerry 16%
– Apple will surpass RIM’s market share by
February 2012
• Android share is still growing fastest
• 50% of all mobile web browsing happens on
iPhones, i.e., on 13% of all U.S. mobile
phones.
Mobile Banking Projections
Javelin predicts 100 million
mBanking users by 2014,
half of which see mRDC as
highly desirable
(50 million users for Mobile Deposit)

©2011 Jack Henry & Associates, Inc. All Rights Reserved.
10 March 1, 2012