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:Remotely Created Checks and RDC

Have you communicated the requirment to add the 6 to position 44 in the MICR line to your client MSA and user docs for all RCC's that your merchants create?
Posted on 3/13/2019 12:15:41 PM


RE:Remotely Created Checks and RDC

Thank you. That's helpful.  We were hoping to be able to use the EPC field to identify; However, the RCC's we are seeing don't have any indicator in the EPC field. 
Posted on 3/11/2019 10:24:34 AM


RE:Remotely Created Checks and RDC

 We're accepting RCC's into our deposit applications.  We have reporting that is capturing the MICR line indicator in the EPC field. This information is captured downstream and is not happening in our RDC application.
Posted on 3/8/2019 2:24:15 PM