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#1340239 - 02/09/10 06:14 PM Remote Deposit Capture
Tocomply Offline
Platinum Poster
Joined: Nov 2004
Posts: 650
Are transactions through RDC covered under Reg E for claimes?

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eBanking / Technology
#1343075 - 02/12/10 08:04 PM Re: Remote Deposit Capture Tocomply
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
If the RDC transaction results in an image capture and image presentment, no. It will be subject to the UCC.

However, if the RDC transaction results in an ACH check conversion and the account the check is drawn on is a consumer account, it will be subject to Reg E at the RDFI.
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John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8

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