Financial institutions and their customers are legally obligated to comply with laws and regulations implemented to help prevent and detect money laundering and international terrorist financing.
Objectives of the Presentation
Why Should you Attend
- Define technical and regulatory terminology and how remote deposit capture works
- Identify types of remote deposit capture, from merchant capture to ATM and mobile capture
- RDC Applicable Laws
- Risk Management and Internal Controls
- Roles of Participants in the RDC Merchant/Mobile Chain
- Mobile RDC Agreements Importance
- Merchant RDC Agreements
- Scenarios identifying lessons learned from Reg CC Implementation
Although RDC offers considerable benefits to financial institutions and their customers, the service does come with many risks. The FFIEC guidance covers several issues that require detailed attention to help manage that risk.
Included in this session will include FFIEC Guidance, Regulation J, Check 21, RDC mobile and commercial agreements, the participants and roles of NACHA, ECCHO and participants in the RDC chain.
Attendees will also see examples of lessons learned and what the changes mean with the implementation of Regulation CC regarding challenges of implementation, remaining issues/opportunities and best business practices for ensuring compliance with Regulation CC.
This webinar will take attendees through a comprehensive review of the following pertaining to RDC:
Who will Benefit
- FFIEC Guidance on Remote Deposit Capture
- Federal Reserve Bank laws and Electronic Check Clearing House Organization (ECCHO) rules for RDC
- RDC and how Check 21 relates
- Uniform Commercial Code for RDC
- Agreements between you and your customers (commercial and consumers)
- Regulation J relative to its connection with RDC
- Regulation E for consumer entries that are converted to ACH
Audit, Bank Compliance, Fraud and Loss Mitigation, IT, Legal, Mobile and Remote Deposit, Payments, Regulatory Compliance, Retail and Branch Banking, Risk and Fraud