Wednesday - Thursday, October 14-15, 2020
12:00 – 1:00 pm (Eastern Time)
2:00 – 3:00 pm (Eastern Time)
11:00 – 12:00 pm (Central Time)
1:00 – 2:00 pm (Central Time)
10:00 – 11:00 am (Mountain Time)
12:00 – 1:00 pm (Mountain Time)
9:00 – 10:00 am (Pacific Time)
11:00 – 12:00 pm (Pacific Time)
Everything RDC - Remote Deposit Capture
This 4-part payments webinar series will focus on providing attendees with:
- A basic understanding of remote deposit capture technology and workflow
- Business 'best practices' for managing and mitigating the risks of merchant and remote capture
- Establishing and monitoring exposure limits and underwriting guidelines for mitigating risk
- Developing business continuity and vendor due diligence plans to support your program
- Communicating RDC rules and regulations to your employees, sales force and treasury customers
- Understanding and managing the profitability and costs of RDC
- …And much more!
All of this and more will be covered in the exclusive and comprehensive Remote Deposit Capture webinar series.
Each element of this 4-Part Webinar Series can be purchased individually for $295 each by clicking on a title below and purchasing your registration from that individual page.
RDC 101 (Oct. 14, 12:00 - 1:00 pm ET) – Fundamentals of Remote Deposit Capture (RDC)
This initial RDC webinar covers several of the critical foundational elements that all financial service professionals need to understand and communicate to their customers. Attendees to this session will learn:
- RDC terminology and how remote deposit capture works
- Types of remote deposit capture, from merchant capture to ATM and mobile capture
- Participants and flow of each type of RDC
- The exception item process, and general legal and compliance framework.
- How to communicate RDC rules and regulations to fellow employees, sales force and treasury customers
- Best practices associated with managing the profitability and costs of RDC
- RDC fraud trends and technology available to mitigate fraud risks
RDC 201 (Oct. 14, 2:00 - 3:00 pm ET) – RDC Rules and Regulations
Remote Deposit Capture just like other payment collection systems have guidance, laws and rules that are required for a financial institution to mitigate the risks and ensure compliance with its RDC Program. This webinar will cover FFIEC Guidance on remote deposit capture which includes all types of remote capture (i.e. merchant, mobile, ATM etc.)
This RDC compliance training will take attendees through a comprehensive review of the rules and regulations that directly impact Remote Deposit Capture, including :
- FFIEC Guidance on Remote Deposit Capture
- Changes in Regulation CC and the impact to RDC
- Federal Reserve Bank laws
- Electronic Check Clearing House Organization (ECCHO) rules
- Check 21 rules
- Uniform Commercial Code,
- Agreements between you and your customers (commercial and consumers)
- Regulation J, and
- Regulation E for consumer entries that are converted to ACH.
BONUS MATERIAL: This RDC webinar includes a quick reference document to understand which laws, regulations and rules govern what aspect of Remote Deposit Capture.
RDC 301 (Oct. 15, 12:00 - 1:00 pm ET) – RDC Risk Assessments and Regulatory Expectations
FFIEC Guidance States: Although deposit taking is not a new activity, RDC should be viewed as a new delivery system and not simply as a new service. Prior to implementing RDC, senior management should identify and assess the legal, compliance, reputation, and operational risks associated with the new system.
- Performing risk assessments implementing effective mitigating controls for performing customer due diligence reviews on the RDC customers
- Due diligence on the vendors that serve the RDC program
- Business continuity plans
- Agreements with customers
- Implementation of an effective training program to ensure customers understand their obligation to comply with laws
- Regulation and the RDC agreement, and
- How financial institutions can effectively prevent fraudsters from attacking the RDC program
This RDC webinar provides attendees with a working understanding of measuring and managing risk in conjunction with regulatory requirements and safeguards, and is critical content for RDC Managers, Payments Professionals, Operations Personnel, Marketing Product Managers, Treasury Officers, Frontline Branch Representatives and Mobile Banking professionals.
RDC 401 (Oct. 14, 2:00 - 3:00 pm ET) – Exposure Limits, Underwriting and Fraud Management
Account officers/relationship officers may not understand the regulatory requirements for assessing the risks of RDC/ACH clients, but are often responsible for setting exposure limits on clients approved for ACH and Remote Deposit Capture services. It is important, however, that they need to know the criteria to use when determining those limits, and understand that these exposure limits are also highly scrutinized during regulatory exams. It is therefore important that financial services professionals are able to explain:
What is the difference between credit underwriting and transactional risk underwriting, how do you set exposure limits while complying with regulatory requirements and ensuring that periodic reviews are performed in accordance with network Rules and regulatory expectations?
This RDC webinar will take a deep dive from the time potential ACH and RDC customers are brought to the financial institution for review, underwriting and approval through the duration of the relationship.
Attendees will learn regulatory guidance, expectations and practical methods for complying while not forcing inefficient processes and inconveniences for the client. This includes:
- Effectively performing due diligence and underwriting criteria on RDC program customers
- Assessing and communicating approving/declining decisions on customers
- Determining and managing appropriate exposure limits to mitigate risks,
- Performing ongoing reviews of customer RDC programs
- RDC fraud trends and technology available to mitigate fraud risks, along with best business practices for identifying possible issues such as credit risk or possible fraud risk.
Throughout her career, Terri has served as a leader in the payments and fraud prevention industry, providing education, risk management and compliance consulting and support services geared toward the specific needs of financial organizations. Terri is an Advanced Certified Anti-Money Laundering Specialist, an At-Risk Adult Crime Specialist and an Accredited ACH Professional. Prior to founding Secura, Terri served as co-founder of Payments Information Circle (PIC), a service organization providing payments industry education, auditing, consulting, resources, and support services to financial organizations throughout the country. Prior to her work at PIC, Terri also served as the President of GACHA, a non-profit, regional payments association where she provided strategic direction for financial institutions in the payments industry. Terri began her career in payments as a Senior Analyst with the Federal Reserve Bank of Atlanta where she provided training throughout the Sixth District and served on the Federal Reserve ACH Conversion Team that consolidated ACH Services for all branch locations in the Sixth District.
4.0 CPE Credits & 4.8 AAP Credits for Webinar Series