Remote Deposit Capture RSS Feed
Remote Deposit Capture Newsletter
Remote Deposit Capture Group on LinkedIn
Remote Deposit Capture Group onTwitter
The Green Sheet

Email Page 
Print Page 
 Add to LinkedIn Add to Twitter Add to Facebook Add to Reddit Add to StumbleUpon 
Add to Tumblr
Search discussion boards: 

Remote Deposit Capture Discussion Boards

The Remote Deposit Capture Discussion Boards are open to the entire industry. Post comments, share news, ask questions and more with professionals from throughout the industry.
Go back to Discussion Boards
Remote Deposit Capture Discussions Discuss the ins-&-outs of Remote Deposit Capture here. No vendor solicitations here please.
Discussion Boards > Remote Deposit Capture Discussions > Mobile RDC & More: Minimizing Risk AND Acing Your Audit Q&A View modes: 
User avatar
Site admin
Site admin
Lui King - 6/5/2014 9:52:20 AM
   
Mobile RDC & More: Minimizing Risk AND Acing Your Audit Q&A
Continue the discussion from our recent webinar “Mobile RDC & More: Minimizing Risk AND Acing Your Audit”. Ask questions and participate in the discussion here. Together, as an industry, we can share knowledge, provide better services and improve risk management.

User avatar
Member
Member
keschuh - 6/5/2014 2:58:41 PM
   
RE:Mobile RDC & More: Minimizing Risk AND Acing Your Audit Q&A
I was wondering, when completing Annual Audits, do you drive to your customers, or do you complete the audit via email/phone?

User avatar
Member
Member
harpsingh777 - 6/5/2014 3:00:36 PM
   
3rd party cheques
  • Time to time, our Canadian FI experiences 3rd party cheques being deposited via mobile capture. We typically place the cheque on hold for 90 days and advise our Member not to deposit cheques that are not in their names. Can you tell me more about the “Indemnification agreement”? What do institutions do in the US in this scenario? Would you be willing to share a copy of the agreement?

User avatar
Member
Member
Brett Miller - 6/6/2014 9:39:00 AM
   
RE:Mobile RDC & More: Minimizing Risk AND Acing Your Audit Q&A
Good Morning,

We perform a combination of site visits and phone assessments at this time.  However, this is a process we continually evaluate.

User avatar
Member
Member
Brett Miller - 6/6/2014 9:41:59 AM
   
RE:3rd party cheques
Good Morning,

Although I can't share the agreement, its intent is to place any liability arising from the deposit of third party checks back on the merchant.  Knowing your customer is really key in this scenerio.

User avatar
Member
Member
harpsingh777 - 6/6/2014 12:14:01 PM
   
RE:3rd party cheques
Thanks Brett.

Is there a process that happens where the funds are placed on hold for a certain period of time? Is the other institution notified ?  What if the person closes their account a week later and leaves the state ?


Recent Forum Posts

RE:Reg. CC -Virtual Endorsements

We are not making any changes at this time. We overlay with the virtual endorsement, and we are well aware that it will not protect us if the original paper is presented for negotiation. We do check for endorsements at the time of the deposit, but we will not require the special endorsement, I ca...
Posted on 6/19/2018 5:01:21 PM


RE:Reg. CC -Virtual Endorsements

I agree that the virtual endorsement will not help to limit liability under the new Reg CC rule.  The virtual endorsement functions I know of apply an endorsement to the back of an image -- and if/when the image is printed, the virtual endorsement prints.  The Reg CC changes  and t...
Posted on 6/19/2018 2:46:42 PM


RE:Reg. CC -Virtual Endorsements

Ahafner, virtual endorsements will not work with this regulation.  The endorsement has to be on the physical check.
Posted on 6/19/2018 12:00:13 PM