Remote Deposit Capture (RDC) depends on a set of rules, regulations, and legal agreements that determine warranties, responsibilities, and liabilities of the parties involved. Your understanding of their application is critical to your organization's ability to mitigate RDC risk. This detailed session covers everything: the rules governing image exchange; the FED, ECCHO, and NACHA agreements; laws governing check clearing; Regulations CC, J, and E; the Uniform Commercial Codes 3 & 4; the role of legal agreements; and more!
05/24/2018 11:00 AMTraining Topic: RDC Rules and RegulationsInstructor: Kevin Olsen, AAP, NCP
Objectives of the Presentation
FFIEC Guidance on Remote Deposit Capture
Federal Reserve Bank laws
Electronic Check Clearing House Organization (ECCHO) rules
Uniform Commercial Code
Agreements between you and your customers (commercial and consumers)
Regulation E for consumer entries that are converted to ACH
Why Should you Attend
To gain a better understanding of the rules and regulations pertaining to Remote Deposit Capture as well as the role a financial institution's agreements play in offering the service.
Who will Benefit
Front-line staff working with RDC
Sales & Marketing staff
Business Support staff
Remote Deposit Capture (RDC) is a deposit transaction delivery system that allows a financial institution to receive digital information from deposit documents captured remotely, whether this is from the financial institution's branches, ATMs, domestic and foreign correspondents, or locations owned or controlled by commercial or retail customers of the financial institution. RDC enables customers of financial institutions to deposit items electronically from remote locations. RDC can decrease processing costs, support new and existing banking products, and improve customers' access to their deposits; however, it does introduce additional risks.
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Kevin is the Senior Vice President of Payments Education for ePayResources, Kevin manages the development and delivery of ePayResources's education services, including in-person classes, web conferences, and webcast. Kevin develops programs, presentations, and articles designed to orient and educate financial professionals on a multitude of electronic payment topics. Kevin is the "Curator of Creativity" bringing enthusiasm and motivation to his presentations. Kevin views the world as a classroom which is exemplified in his "edutainment" (noun\ When education is motivating, informative, and fun) style of training.
As an Accredited ACH Professional (AAP), Kevin utilizes the ACH specialty to demonstrate the many ways products work to enforce the Rules and sound risk management practices set by the National Automated Clearing House Association (NACHA).
As an NCP (National Check Payments Certification) and an NCP Certified Trainer, Kevin provides education and support on check processing and regulations. Kevin also has held Microsoft Certified System Engineer (MCSE), Microsoft Certified System Administrator (MCSA), and Microsoft Certified Professional (MCP) certifications that have allowed him to gain expertise in the area of payments fraud and cybercrime.