Friday, December 6, 2019
2:00 – 3:00 pm (Eastern Time)
1:00 – 2:00 pm (Central Time)
12:00 – 1:00 pm (Mountain Time)
11:00 – 12:00 pm (Pacific Time)
Processing checks as images presents challenges and opportunities for financial institutions. Each day more and more financial institutions are offering their consumer’s the convenient option of depositing paper checks with scanners or a few simple taps on their mobile devices. Don’t miss this opportunity to hear the lasted news about sound practices associated with remote deposit capture.
This compliance webinar will discuss the challenges with duplicate presentments and the new RDC Indemnity the went into effect July 1, 2018 and how it is changing the landscape.
Attendees will learn:
- Reasons for updating Regulation CC
- Today's Image Exchange Landscape
- Role of Rules and Agreements, including ECCHO Rules and Fed Circulars
- Summary of Regulation CC Updates
- Definitions of Key Terms and Concepts
- Electronic Check Warranties
- Remote Deposit Capture (RDC) Indemnity in Detail
- Purpose of Restrictive Endorsements
- Bank of First Deposit Importance
- Appropriate Restrictive Endorsements Explained
- Conditions for RDC Indemnity
- Holder in Due Course Scenarios
- Multiple Presentments
Angie Smith currently serves as the Senior Vice President of Professional Development Events at WesPay, where she is responsible for member programs supporting the AAP and NCP accreditations. Angie is a recognized industry expert in both paper and electronic payments regulation. She brings thirty years of payments experience to WesPay Advisors and has worked for leading payments organizations, including Federal Reserve Bank, Viewpointe, and MACHA – The Mid-Atlantic Payments Association. She consults to financial institutions in the areas of payments regulations and process improvement. Prior to joining WesPay, Angie spent seven years at various regional payments associations and was responsible for managing education and consulting services to financial services. Angie spent over thirteen years at the Federal Reserve Bank, where she was responsible for processing handling of checks, returns and adjustment.Angie currently serves on the ECCHO Editorial Board for the NCPC Program. She also holds an AAP and NCP accreditation.
1.0 CPE Credits & 1.2 AAP Credits