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Discussion Boards > Remote Deposit Capture Discussions > Restrictive Endorsement Update View modes: 
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John - 2/28/2019 1:50:27 PM
Restrictive Endorsement Update
Earlier today (2/28) we published an article which provides some detailed insights for our members regarding the current state of Restrictive Endorsements (% of FIs requiring, specific language used, detection and varification process, % of FIs declining due to no or incorrect endorsement, the result of this month's poll on RE, and more). 

Based upon several recent conversations, however, I wanted to open this up for discussion across the entire industry. What questions, challenges, insights, etc. can we and the industry assist with? Please feel free to post in these discussion boards.

Here is an interesting question to kick things off: Has anyone been able to file or dismiss an indemnity claim due to a restrictive endorsement per Reg CC? (Let's get a discussion going, then  I'll share our results from a Q3 2018 survey in a later post.)

Recent Forum Posts

RE:duplicate repeat offenders & contract language

Hello Lynn, We do not have a specific number of occurrences where the customer may be removed from the product.  We do ask they adhere to our Check Safekeeping and Destruction guide which covers duplicates and how to avoid them by ensuring they have a physical endorsement and secured after ...
Posted on 4/20/2022 1:01:14 PM

RE:Analyzed Savings or MMA accounts on RDC

Do you mean RDC into SAV or MMA Accounts?  A consumer could RDC into a SAV or MMA I beleive. But for commercial customers you cant by law in most places co-mingle security deposits with regular funds due to the required accounting of those funds.  It creates a terribly challenging acco...
Posted on 4/5/2022 1:44:40 PM

Analyzed Savings or MMA accounts on RDC

What would be some reasons why a Financial Institution would prohibit (or allow) RDC on Analyzed SAV/MMA? The use case for some businesses, such as Property Management Companies wishing to deposit directly into an Analyzed MMA where security deposits are held, has been brought to our attention, b...
Posted on 3/24/2022 1:25:28 PM