TITLE

RDC's Risky, So Know Your Customers

AUTHOR(S)
Leslie, Karl
PUB. DATE
April 2009
SOURCE
Bank Technology News;Apr2009, Vol. 22 Issue 4, p30
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the disadvantages of using remote deposit capture (RDC) system used by banks in the U.S. It says that risks related to potential fraudulent activity perpetrated by customers using RDC includes multiple deposits of the same check, identity theft, and money laundering. It suggests that if an institution uses or plans to use RDC technology, they should visit the Federal Financial Institutions Examination Council (EFIEC) web site and review guidelines.
ACCESSION #
37805943

 

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