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Remote Capture Regs & Handling Double Posting Risk

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We will be setting up our first remote capture customer. What are the Regs and how do we handle the risk of double posting (the electronic and the actual paper check)?

There is very little from a regulatory standpoint to address the risk of double posting. This is something that you should definitely look to address from a contractual standpoint with your remote deposit customer. Make sure your contract clearly stipulates responsibilities and liabilities for double posting. You may also want to include some type of underwriting process to determine eligibility for customers to engage in remote deposit. Not every business customer should have remote deposit capture.

First published on 10/01/07

First published on 10/01/2007

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