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RDC: Risks, Mitigation, and Benefits!

Description

Event Details*
Tuesday, April 18, 2023
2:00 - 3:00 pm ET
Webinar; 1.2 NCP CEU Eligible
Level: Intermediate

Event Registration**
Member Price: $225.00
Non-Member Price: $325.00


Remote Deposit Capture (RDC) is nothing new in the industry. However, did you know that RDC refers to more than just business deposits? Instead, RDC refers to an entire suite of services for transmitting and processing check images electronically. RDC is split into offerings geared toward consumers and businesses at many financial institutions. Consumer and business offerings differ in the associated requirements that may apply. For instance, business RDC is generally built into Treasury Management services, and the onboarding process may be more rigorous than the consumer offering. In addition, in today’s environment, there are now mobile and desktop solutions that each operate differently and expose different kinds of risk to an organization that offers them to its account holders.

However complex or straightforward an institution’s offering may be, RDC services come with both benefits and risks alike. In this session, NEACH explores these benefits, such as customer satisfaction and competitiveness, describes the risks, such as losses and legal issues, and recommends mitigation tactics and practices related to setup, policy, and disclosure. Come join us to learn more about the risks, mitigations, and benefits of offering RDC.



In this session attendees will:
• Recognize the importance of developing explicit policies, procedures, and agreements for RDC services
• Identify the risks and potential challenges of offering RDC
• Explain mitigation techniques to help minimize risk to the financial institution


Speaker:
Sandy Roland AAP, APRP, CAMS, NCP, Lillie & Company, LLC


Audience:
• Anyone involved in check processing/RDC
• Compliance
• NCPs
• Risk/Compliance
• Treasury Management


You might also like
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• Advanced Rules and Regs for Checks



*Please note that the access information will be sent to you in a separate email upon receipt of payment. Access information and support are only provided during normal business hours.

** This event is part of the NEACH Education Club. Members who join the Club save $75 off the cost of this event.


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