For decades there has been talk about the demise of the check. However, here we are with over 33 Billion checks written in 2006 according to the Federal Reserve. Yes, check usage is declining, especially among consumers, as debit card and online payment applications grow. But is there at least a ...
Posted on 2/2/2008 2:49:49 AM
One fraud prevention method in RDC is to set limits on deposits. I would like to know what approach others have taken, such as limiting the value of a single deposited item, a single deposit, or a single day's total deposits for a merchant (the limits available through our processor).&...
Posted on 9/18/2008 9:12:01 PM
The Consumer Capture Webinar on www.RemoteDeositCapture.com generated many questions and discussions during the live event. Please feel free to continue the discussion here. A few examples include:
With the increase of payments and deposits being conducted through electronic services, such as AC...
Posted on 9/9/2008 12:03:28 AM
In today's Webinar, I may have indicated that the upcoming FFIEC Guidance will not apply to Consumer Capture.... There have been a number of individuals (including myself) who (mistakenly) understood that the upcoming FFIEC Guidance will not apply to Consumer Capture.... That is incorrect.
I ha...
Posted on 9/9/2008 1:06:06 AM
Is there any reason that a consumer telephone authorized draft printed in paper form at our bank depositor's site is not eligible for RDC image processing? I can't think of a single reason why, but it just feels weird to me. :oPart II of my question is whether this item would be ...
Posted on 10/10/2008 4:37:28 AM
There was a good deal of concern stirred up about demand drafts, or remotely created checks (RCCs) earlier this year (see DT Article), especially after the Comptroller of the Currency ordered Wachovia to pay millions in connection with a telemarketer customer that used RCCs to fraudulently withdr...
Posted on 12/5/2008 5:37:09 AM
Does anyone currently use a virtual endorsement feature in Remote Deposit? We just began testing with one client and they love it. The customer has a lot of accounts and a high volume of checks so they are saving significant time by not searching for stamps, and stamping checks. ...
Posted on 10/8/2008 9:57:10 PM
I you use a virtual endorsement it will be carried with the item throughout the processing cycle. This saves the customer time, in stamping and also the cost of ink. Typically with a virtual endorsement you are not limited to one line as you would be with a physical endorsement. The problem of so...
Posted on 10/13/2008 7:58:49 PM
When you compiled your 2007 Industry Report, did you interview businesses on their satisfaction with RDC? As businesses are converting each other’s issued checks to image, I expect businesses to be frustrated by RDC issues affecting their paid checks such as image quality, MICR alteration, and a...
Posted on 11/29/2007 1:31:54 AM
While end-user satisfaction with RDC was not a part of the report, we believe the tremendous growth of RDC at corporate locations is a great indicator of end-user satisfaction with RDC. In addition, other organizations, such as TAWPI have looked into this question and found the overwhelming major...
Posted on 12/2/2007 8:30:35 AM