It would be good to read the new rule because the FRB has established a consistent definition for what an RCC is. In place of a signature, a remotely created check generally bears a statement that the customer authorized the check or bears the customer's printed or typed name. These could be for telephone or internet bill payments, insurance drafts, internet checks, etc. While it's a conventient payment method, it is increasingly subject to abuse by fraudsters because of inconsistent or nonexistant state laws governing them. The Reg is very important for any Depositary Bank that accepts RCCs for deposit and for Paying Banks that will now have enhanced return rights.