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Remote Deposit Capture Discussions Discuss the ins-&-outs of Remote Deposit Capture here. No vendor solicitations here please.
Discussion Boards > Remote Deposit Capture Discussions > Example Policy View modes: 
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kmcdonald - 8/5/2021 9:20:40 AM
   
Example Policy
Hello, I recently took over our RDC program and currently reviewing/updating our existing RDC policy and have come to the conclusion it's 12 pages too long. I was wondering if anyone is willing to share theirs as an example? Or know where I could find one? I would like to keep it simple and to the point, but am having difficulty doing this.

I see that this question was asked earlier in the year, however there were no responses so I thought I would "throw" it out there again.

Thank you!

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djmcneff - 8/6/2021 4:38:37 PM
   
RE:Example Policy
I just updated our commercial RDC policy and aligned it directly with the 2006 FFIEC guidelines.   Happy to share

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kmcdonald - 8/11/2021 9:00:44 AM
   
RE:Example Policy
If you wouldn't mind sharing it, that would be very helpful. Thank you!

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djmcneff - 9/30/2021 1:20:55 PM
   
RE:Example Policy
Sorry for the delay!

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djmcneff - 10/4/2021 6:46:59 PM
   
RE:Example Policy
Hi.  I apologize but I have been advised by our legal department that I cannot share our policy within this forum.   What I can do is share the intro and topic areas that it covers.   I took these heading by heading from the 2009 FFIEC RDC Guidance document.  Hope this helps!

Purpose

This document establishes  the formal risk management policy of Fifth Third Bank (“Fifth Third”) to effectively mitigate, measure and monitor the risks associated with Electronic Deposit Manager based on the guidelines contained in the Federal Reserve document FFIEC Risk Management of Remote Deposit Capture (RDC) dated 2009.  This policy establishes Fifth Third’s risk tolerance
levels, internal procedures and controls, risk transfer mechanisms where appropriate and
available, and well-designed contracts that meet our risk management needs.
 
This Policy covers the following items for Electronic Deposit Manager:
 
Continuous Risk Assessment
  • Risk management scope
  • Product management oversight
 
Legal and Compliance Risk Management
  • Funds Availability, Returned Items and Disputes
  • Bank Secrecy/AML Compliance
  • Operational Risk
  • Client Document Management
  • System Access and Authentication
 
Risk Mitigation and Controls
  • Customer Due Diligence and Suitability
  • Customer  Contracts, Training, Site Visits,Self Assessments
  • Vendor Due Diligence and Suitability
  • Business Continuity
  • Oversight and Monitoring of Questionable or Fraudulent Activity

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kmcdonald - 11/24/2021 10:24:01 AM
   
RE:Example Policy
Totally understand, thank you so much for sharing what you were able to!

Recent Forum Posts

RE:Example Policy

Totally understand, thank you so much for sharing what you were able to!
Posted on 11/24/2021 10:24:01 AM


RE:New Webinar Covering RDC Past, Present and Future Now Available

Our business rules will flag items and depending on settings, we will either reject or set items to needs review if they fail a rule. Our manual review team will work with you to determine what criteria would be needed to have items accepted or rejected, then our team will use business rules to f...
Posted on 10/5/2021 10:03:27 AM


RE:Example Policy

Hi.  I apologize but I have been advised by our legal department that I cannot share our policy within this forum.   What I can do is share the intro and topic areas that it covers.   I took these heading by heading from the 2009 FFIEC RDC Guidance document.  Hope th...
Posted on 10/4/2021 6:46:59 PM