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:Scanner Hit Rate Issue

John, take it from me, I've sold tons of Digital Check scanners in my 20 years hear at Benchmark, and that 220E is ancient. The MICR head is probabaly going out. It's a testament to Digital Check, you, and yoru staf,f that you still have the unit working at all. You should consider a Digi...
Posted on 9/28/2018 9:09:20 AM


RDC "acceptable return rate"

Good morning, Does anyone have any thoughts on an acceptable return rate for RDC items?  We have a member financial institution that is reviewing their RDC underwriting procedures and is curious what others are experiencing.  Thanks!
Posted on 9/27/2018 9:05:22 AM


RE:Blank MICR Settings

Non MICR printed checks are a challenge as MICR ink is still required / provided on checks sourced from bank check ordering channels. As mentioned it is the home printing of checks that create non MICR checks in the clearing system. Most if not all physical check scanning devices are expecting MI...
Posted on 9/22/2018 10:11:06 AM