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Remote Deposit Capture - Proceed With Caution!
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The decision by your bank to supply a merchant with a remote deposit capture scanner signals the beginning of a new customer service relationship, as well as the implementation of a new and useful technology. This new relationship is based largely on your trust in the merchant now in possession of a little piece of your bank—an RDC scanner—in the merchant’s backroom or on the merchant’s front desk. The merchant is now responsible for paper checks after they are scanned but often lacks the security and expertise of a bank. The merchant may also lack the understanding that scanned paper checks are useless to honest people but exceedingly valuable to someone who wants to exchange them for cash at another bank or use the personal information they contain to make duplicates.
Remote Deposit Capture does not necessarily increase the risk of paper check fraud, but it does change the methods of prevention and puts much of the responsibility for prevention on the merchant. Before inviting a merchant to participate in remote deposit capture, it is important to consider whether the merchant is the right partner for an RDC relationship, to be prepared to educate the merchant as to the responsibilities and risks of RDC, and to execute an agreement that protects the bank...
Click here to download the whitepaper
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