10 Questions
Which of the following is a potential legal risk associated with Remote Deposit Capture (RDC) at a customer location?
Exposure to money laundering and fraud
What is a potential operational risk at a customer location when using Remote Deposit Capture (RDC)?
Unauthorized access to technology systems
What are the potential risks associated with Remote Deposit Capture (RDC) activities deployed at wholly owned or controlled locations?
All of the above
What is the potential impact of using Remote Deposit Capture (RDC) by international correspondents' customers?
Increased volumes
What should BSA/AML controls over Remote Deposit Capture (RDC) pouch activity cover?
RDC and physical deposit handling
Which of the following best describes Remote Deposit Capture (RDC)?
The digital processing of paper checks at remote locations
What should senior management do before implementing RDC?
Identify and assess risks associated with the new system
What are the two options for depositary and collecting financial institutions when using RDC?
Send a substitute check or engage in electronic check presentment
Where can RDC be used for deposit capture?
At the financial institution's teller line, ATMs, and customer locations
What can customers do with RDC at their own premises?
Scan items and send the deposit data for processing
Test your knowledge on Remote Deposit Capture (RDC) and its role in the digital processing of paper checks and monetary instruments. Learn about its expansion in recent years and its use at financial institutions and customer locations. Explore the key features and benefits of RDC as a new delivery system in the banking industry.
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