What do you do when your customer reports an altered check has paid? What do you do when you get a claim from a paying bank that you presented an altered check? What does Presumption of Alteration mean, and how does that affect a claim of altered check?

What do you do when a Cashier’s check issued by your FI is reported lost, stolen or destroyed? Learn the definitions and obligations of issuing and paying Cashier’s checks as defined in Regulation CC and UCC.

Duplicate Processing: Understand the Differences between Duplicate Warranty, RDC Indemnity and Holder in Due Course.

What do you do when your customer reports a forged or counterfeit check has paid? Who is liable? Is there recourse for the Paying Bank when an unauthorized check has paid and it’s too late to return it?

What do you do when a customer reports an unauthorized remotely created check paid their account? Who is liable? What recourse does the Paying Bank have?

Overview of Canadian banking, cross border exchange, ECCHO Rules for clearing Canadian items in the U.S. and recent survey results of ECCHO member banks engaged in Canadian image clearing.

Every FI lives with the risk of check fraud. This session will discuss the various types of fraud, and ways to mitigate the risk of accepting and paying checks.

This live recording of an Exceptions and Fraud Working Group meeting discusses the risks, warranties and obligations of a depositary bank when it accepts deposits remotely, and the conditions to claim Holder in Due Course status.

This session covers topics like unauthorized, altered and stale dated checks, duplicates, warranties & warranty breaches to help operations, risk & fraud departments find the appropriate law, regulation and rule to support appropriate action.

This session provides a discussion of X9 standards and use of EPC digit (value ‘6’) to identify RCCs. Benefits of tracking RCCs discussed as well as recent standards updates to align to Reg CC.

Duplicates: the Never-ending Story This Operations Committee education session discusses the industry challenge of duplicate images being presented and paid. Scenarios illustrate depositary and paying financial institutions’ obligations and liabilities.

Virtual Operations Committee meeting including required business, Canadian Cheque Clearing Update, Legal & Regulatory Update, and various ECCHO updates.