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 > RDC Risk Management / FFIEC Guidance View modes: 
User avatar
Guest
rdc1 - 9/9/2008 1:26:20 AM
   
RDC Risk Management / FFIEC Guidance
There have been a number of individuals (including myself) who (mistakenly) understood that the upcoming FFIEC Guidance will not apply to Consumer Capture.... That is incorrect.

I have just confirmed, via a direct conversation with the appropriate regulators:

The FFIEC guidance on RDC will apply to all forms of Remote Deposit Capture, including Consumer Capture.

The upcoming FFIEC Guidance is primarily based upon the current state and experience of the industry (pre-september 2008), and as such is built upon the experiences of the industry to date, which is primarily a relationship between a corporaion or business and their Financial Institution. Nevertheless, risk management practices should be uniquely tailored to each FI and their RDC customer.

Currently, it is estimated the guidance will be issued in October 2008.

More on this subject, including RDC Risk Management Best Practices, will be posted soon.

User avatar
Guest
Goldleafer - 9/9/2008 6:10:53 PM
   
Re: RDC Risk Management / FFIEC Guidance
Are you sure this is correct? At the GACHA Solutions 2008 conference (during the FFIEC presentation) I thought the presenter specifically stated that the FFIEC guidance would NOT address consumer capture. Please re-confirm that FFIEC guidance DOES cover consumer capture

User avatar
Guest
rdc1 - 9/9/2008 7:16:48 PM
   
Re: RDC Risk Management / FFIEC Guidance
Thanks for your post... Yes, I confirmed with the same presenter from the FFIEC. The FFIEC Guidance will apply to all types of Remote Deposit Capture, including Consumer Capture.

User avatar
Member
Member
Checks - 9/10/2008 12:03:11 AM
   
Re: RDC Risk Management / FFIEC Guidance
It seems only logical that the guidance would cover both the business and the consumer RDC. Thanks for the clarification

User avatar
Site admin
Site admin
Ed - 9/14/2010 6:22:53 AM
   
RE:Re: RDC Risk Management / FFIEC Guidance
I know that the FFIEC applies to all forms of remote capture but how does it cover mobile deposit? Should there be special guidelines for mobile deposit?

Recent Forum Posts

RE:New Reg CC Amendments! Industry Discussion Starts Here.

New for RDC: Finally, the Board proposed to add a new indemnity for remote deposit capture that would indemnify a depositary bank that received a deposit of an original paper check that was returned unpaid because the check was previously deposited using a remote deposit capture s...
Posted on 5/31/2017 3:59:20 PM


New Reg CC Amendments! Industry Discussion Starts Here.

The Federal Reserve Board on Wednesday announced final amendments to the check collection and return provisions in Regulation CC (Availability of Funds and Collection of Checks) and also requested further public comment on an additional proposed amendment to Regulation CC's liability provisio...
Posted on 5/31/2017 3:13:53 PM


RE:Cost Benefit Analysis- Breaking point of when a customer would qualify for an RDC.

While there are a myriad of variables which could go into both sides of this equation, we've at least made the benefits side a bit easier for you. Try the RDC Business Value Prop Calculator: RDC Biz Calculator 
Posted on 9/19/2016 1:36:39 PM