Remote Deposit Capture (RDC): Rules and Regulations - Legal and Compliance Requirements

Like other payment collection systems, remote deposit capture (RDC) is governed by guidance, laws and rules that financial institutions must follow to manage risk and keep their RDC program compliant. Institutions are encouraged to report internally on the status of their RDC service, and both they and their customers must comply with anti-money laundering and terrorist financing laws.

This 60-minute RDC compliance training reviews the FFIEC guidance on RDC, Federal Reserve rules and ECCHO rules, how Check 21 relates to RDC, and the Uniform Commercial Code.

You'll also look at commercial and consumer RDC agreements, Regulation J, Regulation E for consumer items converted to ACH, the roles of Nacha and ECCHO, and lessons from Regulation CC.

• Apply FFIEC guidance to manage RDC risk
• Explain how Check 21, the UCC and Regulation J apply to RDC
• Describe the roles of Nacha, ECCHO and other RDC participants
• Draft or review commercial and consumer RDC agreements
• Apply Regulation E to consumer items converted to ACH
• Use Regulation CC best practices to stay compliant

• FFIEC guidance on RDC
• Federal Reserve Bank laws and ECCHO rules for RDC
• How Check 21 relates to RDC
• The Uniform Commercial Code for RDC
• Commercial and consumer RDC agreements
• Regulation J and its connection to RDC
• Regulation E for consumer entries converted to ACH
• Roles of Nacha, ECCHO and other participants in the RDC chain
• Regulation CC scenarios, challenges and best practices

RDC benefits institutions and customers, but it carries risks that the FFIEC guidance says need management attention. Scenarios on Regulation CC show implementation challenges, remaining issues and best practices for compliance.

This session suits bank operations staff and managers, compliance and risk professionals, treasury management staff, AAPs, chief compliance officers and business owners who originate payments.

• Financial Institution Professionals (New/Current Operations Staff)
• Banking Operations Managers and Staff
• Compliance and Risk Professionals
• Treasury Management Professionals
• Aspiring and Current AAPs (Accredited ACH Professionals)
• Company / Business Owners (Originators)
• Banking Managers/ Supervisors
• Chief Compliance Officers
• Risk Managers

Donna K Olheiser, AAP, is the vice president of Education Services and founder of Dynamic Mastership, LLC. Donna is an enthusiastic and energetic Certified Master Trainer with over 14 years’ training experience. She has designed and facilitated over 100 training sessions each year with her expertise being the rules for companies and financial institutions when processing specifically ACH electronic payments, then scheduling the training events to facilitate/deliver the material through a variety of venues (webinars, teleseminars, in-person workshops, including regional and national conferences). Donna has over 24 years of experience in the financial services industry which includes 9 years’ experience as the education service director at a Regional Payments Association (RPA), where she managed and facilitated the entire education program for nearly 800 financial institution members. Prior to that, Ms. Olheiser spent 14 years in various departments with the Federal Reserve Bank of Minneapolis and also holds the Accredited ACH Professional (AAP) designation (achieved in 2004).