Like other payment collection systems, remote deposit capture (RDC) is governed by guidance, laws and rules that financial institutions must follow to manage risk and keep their RDC program compliant. Institutions are encouraged to report internally on the status of their RDC service, and both they and their customers must comply with anti-money laundering and terrorist financing laws.
This 60-minute RDC compliance training reviews the FFIEC guidance on RDC, Federal Reserve rules and ECCHO rules, how Check 21 relates to RDC, and the Uniform Commercial Code.
You'll also look at commercial and consumer RDC agreements, Regulation J, Regulation E for consumer items converted to ACH, the roles of Nacha and ECCHO, and lessons from Regulation CC.
WHY SHOULD YOU ATTEND?
RDC benefits institutions and customers, but it carries risks that the FFIEC guidance says need management attention. Scenarios on Regulation CC show implementation challenges, remaining issues and best practices for compliance.
This session suits bank operations staff and managers, compliance and risk professionals, treasury management staff, AAPs, chief compliance officers and business owners who originate payments.
AREA COVERED
- FFIEC guidance on RDC
- Federal Reserve Bank laws and ECCHO rules for RDC
- How Check 21 relates to RDC
- The Uniform Commercial Code for RDC
- Commercial and consumer RDC agreements
- Regulation J and its connection to RDC
- Regulation E for consumer entries converted to ACH
- Roles of Nacha, ECCHO and other participants in the RDC chain
- Regulation CC scenarios, challenges and best practices
LEARNING OBJECTIVES
- Apply FFIEC guidance to manage RDC risk
- Explain how Check 21, the UCC and Regulation J apply to RDC
- Describe the roles of Nacha, ECCHO and other RDC participants
- Draft or review commercial and consumer RDC agreements
- Apply Regulation E to consumer items converted to ACH
- Use Regulation CC best practices to stay compliant
WHO WILL BENEFIT?
- Financial Institution Professionals (New/Current Operations Staff)
- Banking Operations Managers and Staff
- Compliance and Risk Professionals
- Treasury Management Professionals
- Aspiring and Current AAPs (Accredited ACH Professionals)
- Company / Business Owners (Originators)
- Banking Managers/ Supervisors
- Chief Compliance Officers
- Risk Managers
RDC benefits institutions and customers, but it carries risks that the FFIEC guidance says need management attention. Scenarios on Regulation CC show implementation challenges, remaining issues and best practices for compliance.
This session suits bank operations staff and managers, compliance and risk professionals, treasury management staff, AAPs, chief compliance officers and business owners who originate payments.
- FFIEC guidance on RDC
- Federal Reserve Bank laws and ECCHO rules for RDC
- How Check 21 relates to RDC
- The Uniform Commercial Code for RDC
- Commercial and consumer RDC agreements
- Regulation J and its connection to RDC
- Regulation E for consumer entries converted to ACH
- Roles of Nacha, ECCHO and other participants in the RDC chain
- Regulation CC scenarios, challenges and best practices
- Apply FFIEC guidance to manage RDC risk
- Explain how Check 21, the UCC and Regulation J apply to RDC
- Describe the roles of Nacha, ECCHO and other RDC participants
- Draft or review commercial and consumer RDC agreements
- Apply Regulation E to consumer items converted to ACH
- Use Regulation CC best practices to stay compliant
- Financial Institution Professionals (New/Current Operations Staff)
- Banking Operations Managers and Staff
- Compliance and Risk Professionals
- Treasury Management Professionals
- Aspiring and Current AAPs (Accredited ACH Professionals)
- Company / Business Owners (Originators)
- Banking Managers/ Supervisors
- Chief Compliance Officers
- Risk Managers