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Remote Deposit Capture Policy & Risk Assesment
Contributed by:Compliance/BSA/Legal
Asset size: Bank with under $250m
Location: Midwest
Description: Included in this one document are: (1) risk assessment matrix (2) matrix summary and (3) RCD policy. We are a FDIC regulated bank in the state of Ohio. The name of our product is “Xpress Deposit for Busness (XDfB). I did not change the name in the document. The matrix is 4 pages. The matrix summary is 7 pages. The policy is 2 pages. This document includes the banks information. I thought it would be better if you could follow our thought process.

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MORE PEER CONTRIBUTED DOCUMENTS:

85 Documents 57 Answers 43 Exam Watches 54 Vendor Reviews

Remote Deposit Audit
Asset size: with under $250m
Description: This is a one page check list for completing the annual merchant audit for remote deposit capture.
Remote Deposit Capture Policy
Asset size: with under $250m
Description: Three page policy and approval form for Remote Deposit Capture
Remote Deposit Capture (RDC) Policy
Asset size: with between $250m - $500m
Description: Remote Deposit Capture (RDC) Policy


RELATED QUESTIONS AND ANSWERS:
Q
Remote Deposit Capture
Asked by: CFO,‚ Compliance/BSA/Legal
Asset size: Bank with
Location:MT

Would anyone be willing to share their Remote Deposit Capture Policy?
A
Answered by:AVP, ‚ Risk Management
Asset size: Bank with between $500m - $1b
Location: MD

We wrote two separate agreements, one for business accounts and one for consumer accounts...
Q
Mobile Capture Deposit
Asked by: SVP,‚ Cash Management/Treasury Services
Asset size: Bank with
Location:KS

Does anyone have a Risk Assessment written for Mobile Deposit Capture? I already have a Risk Assessment for Remote Deposit Capture, however I can't find one for Mobile Deposit Capture
A
Answered by:SVP, ‚ Compliance/BSA/Legal
Asset size: Bank with between $250m - $500m
Location: PA

I was looking for the assessment today. Any information would be helpful. Thank You....


RELATED EXAM EXPERIENCES:
OCC - BSA/AML | October 2011
exam experience posted by a COO‚ Compliance/BSA/Legal from member with under $250m in assets
How are you identifying NAICS codes for your RDC customers and whether or not they are in an approved industry
FDIC - BSA/AML | December 2011
exam experience posted by a Manager‚ Compliance/BSA/Legal from member with under $250m in assets
My plans to mitigate risk for new products.
FDIC - IT | April 2011
exam experience posted by a Manager‚ Audit from member with under $250m in assets
Asked us to show them exactly how the Risk Assessment flowed to the Audit Program. Wanted us to have a "new product" Policy, stating what steps we would take prior to implementing a new product. Really wanted to see how Risk Assessments were utilized & how they were addressed in each audit.

RELATED VENDOR REVIEWS:
Remote Deposit Capture Services
Open Solutions, Inc.
Commercial Capture Express
Fidelity
Remote Deposit Capture
Jack Henry
Remote Deposit Capture
ProfitStars (a JHA Company)
MirrorImage Remote Deposit Capture
Jaguar Software

 
 

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