Publisher: UMACHA Year: 2022
This guide provides financial institutions with an overview of general image & remote deposit capture (RDC) considerations when contemplating the addition of RDC to its product offerings. In addition to an introduction chapter on ‘The Check Clearing Act for the 21st Century’ (otherwise known as ‘Check 21’), the benefits & process flows of RDC, mobile capture, branch capture, & image exchange are each examined. To help jumpstart your RDC product offering, the CD also includes the following attachments: Sample RDC Risk Management Policy, Mobile Capture Risk Management Policy, Sample Corporate RDC Limit Review Form, Sample Corporate RDC Service Agreement, Sample Consumer RDC Service Agreement, Glossary of Terms, & Website Resources. As with all sample agreements, please consult with your legal counsel prior to implementation to ensure this document meets your FI’s needs.