Financial institutions have been offering Remote Deposit Capture (RDC) to their merchant customers for several years now and while rewards continue to outweigh the risks there continues to be a certain level of concern by the regulators especially with the emerging trend to expanding RDC to consumer mobile capture and ATM capture. The FFIEC issued guidance for the Risk Management of Remote Deposit Capture in January 2009 that provides a broad overview of remote deposit capture and regulatory expectations regarding its implementation. While the guidance is very focused on merchant capture, the regulators have made it clear that it extends to consumer capture as well and there are specific requirements you will be expected to implement for both merchant and consumer capture. In this fast-paced two-hour presentation, Susan Orr reviews the current RDC environment, the 2009 guidance and banks' examination experiences with this fast-changing and continuously growing deposit service.
WHO SHOULD ATTEND:
- Operations
- Information Technology
- Compliance
- Audit
- Risk Management
- Security
- Sales and Marketing