Type:
On Demand
Duration:
28 Minutes
Member Fee:
$0
Non-Member Fee:
$279
Audience:
APRP Candidates, Audit, Cash Management, Check Personnel, Compliance, IT Personnel, NCP Candidates, NCPs, Operations, Payments Personnel, Retail/Frontline, Risk, Risk Managers, Sales, Senior Payments Personnel, Treasury
What is a remotely created check (RCC) and what are the risks of accepting RCCs for deposit? What are the warranties that address paying and receiving RCCs? How must a paying financial institution act on a customer’s claim of an unauthorized RCC charged to their account? This session will answer these questions and address the risks and obligations of a depositary and paying financial institution.