Highlights:
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Remote deposit capture, a deposit transaction delivery system, allows financial institution customers to deposit items electronically from remote locations. The primary RDC delivery method is the Internet.
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A financial institution offering RDC should have in place sound risk management and mitigation systems and require adequate risk management at customer locations including, but not limited to, controls over retained nonpublic personal information.
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Financial institutions whose RDC systems use the Internet as a communication channel should use effective methods to authenticate the identity of customers using those services. Single-factor authentication methods may not provide sufficient protection for Internet-based financial services.
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Customer awareness of RDC systems and education about associated RDC risks are effective deterrents to the online theft of assets and sensitive information.
Distribution:
FDIC-Supervised Banks (Commercial and Savings)
Suggested Routing:
Chief Executive Officer
Chief Information Officer
Chief Treasury Officer
Chief Compliance Officer
Chief Audit Officer
Related Topics:
- FFIEC Information Technology Handbook Booklets:
- E-Banking
- Information Security
- Management
- Operations; and
- Retail Payment Systems
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FIL-116-2004, "Check Clearing for the 21st Century Act, Final Amendments to the Federal Reserve Board's Regulation CC," issued October 27, 2004
Attachment:
FFIEC Guidance: Risk Management
of Remote Deposit Capture
FFIEC Guidance: Risk Management
of Remote Deposit Capture - PDF (PDF Help)
Contact:
Arleatha Kelly, Senior Technology Specialist, at arkelly@fdic.gov or (202) 898-3985; or Richard Schwartz, Counsel, at rischwartz@fdic.gov or (202) 898-7424
Printable Format:
FIL-4-2009 - PDF (PDF Help)
Note:
To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/fil.html.
FDIC financial institution letters (FILs) may be accessed from the FDIC's Web site at
www.fdic.gov/news/news/financial/2009/index.html.
Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information Center, 3501 Fairfax Drive, E-1002, Arlington, VA 22226 (1-877-275-3342 or 703-562-2200).
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