Innovations in the banking industry move at a tortoise pace. Think of what were arguably the breakthroughs in banking technology – the automated teller machine and debit cards – and you're talking about "new" products introduced, respectively, in 1967 and 1984.

However, there's a revolution brewing in the way customers bank. Called, in the industry's lexicon, "remote deposit capture," the technology allows customers to snap photographs of paper checks with their mobile devices and deposit them digitally. The technology promises to replace transactions that account for roughly 60% of bank branch visits.