USAA Offers UPS-Enabled “Branch” Deposit Capture

Great News, USAA’s fast-deploying military client base created it a really early mover for each computer and mobile remote deposit capture, and currently has created it the primary bank within the U.S. to faucet retail locations to deposit checks while not account numbers, PINs or deposit slips through an alliance with UPS.
Customers hand the check and an ATM/debit card to a UPS clerk who swipes the cardboard, selects the kind of account and scans the check through an RDC reader. USAA’s network receives the forwarded check info and processes the deposit. The UPS store clerk then receives confirmation and returns the voided check to the USAA client.
After the bank receives the check from The UPS Store, the deposit is immediate and may be verified through automated account alerts on-line or via mobile. No personal info or identifiers are used as a part of execution.



The move, that followed a successful take a look at in San Diego and San Antonio, could seem to be a step backward in technology for an innovative bank that offered internet and mobile RDC years before most different banks, however USAA is positioning the service as adding an online enabled brick and mortar presence for shoppers of the branchless bank.
USAA systems then receive the knowledge to method the deposit, returning a confirmation to the UPS Store counter to void the deposited cheque.
During the method, the banking customers don't ought to share their account range or PIN, and don't ought to fill out a deposit slip, in order that non-bank personnel don't seem to be needed to understand personal info for added security.
David Bohne, president of USAA Federal Savings Bank, said: “With this new agreement, members will visit any of the pre-identified The UPS Store locations to deposit a cheque in seconds. USAA simple Deposit is one in every of the various ways that we tend to build it simple for our members to bank with us.”

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