TITLE

Don't Be Duped: Remote Checks Risky

AUTHOR(S)
Stokes, Frank
PUB. DATE
May 2010
SOURCE
American Banker;5/26/2010, Vol. 175 Issue 81, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Opinion
ABSTRACT
In this article the author discusses aspects of the operational challenges regarding remote deposit capture (RDC) and image exchange. He discusses the inevitability of duplicate payment being made from a single check. He offers several suggestions for banks to prevent RDC fraud such as performing a risk assessment on RDC and creating a list of high-risk customers. Also investigated is the RDC exposure that institutions face when the physical check is retained by the customer.
ACCESSION #
50984817

 

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