Email to Order the Recording + Free Digital Download
With the competition financial institutions face, it is imperative to remain at the forefront – mobile remote deposit capture (mRDC) can help take you there. This session will cover compliance questions and issues faced when deploying the service to your accountholders. Gain an understanding of regulatory guidance and compliance standards to ensure a strong foundation for your mRDC program. Whether you have an existing program or are considering this important competitive service option, this session will teach you about the complexities and risks of mRDC.
HIGHLIGHTS
Review of FFIEC’s guidance related to mRDC
Fundamentals of check and image exchange legal framework – understanding the background of how to handle challenges like duplicate images
Options for handling image exceptions and what operations teams must know to comply and avoid loss
Risk mitigation tactics your institution should consider implementing
TAKE-AWAY TOOLKIT
Sample mRDC risk management policy
Product implementation checklist
Transaction tracking template for periodic management reporting
Employee training log
Quiz you can administer to measure staff learning and a separate answer key
This course is eligible for 1.8 AAP & NCP credits.
Attendance verification for CE credits provided upon request.
WHO SHOULD ATTEND? Check operations staff, retail service staff, and those with management responsibilities for mRDC products, existing or planned.
ABOUT THE PRESENTER – Jen Wasmund, AAP, CTP, NCP, UMACHA, joined UMACHA compliance team in March 2012, where she conducted hundreds of ACH audits and risk assessments and developed and delivered local, regional, and national training sessions. As VP of Education and Compliance, Jen manages and develops the strategy for UMACHA’s Compliance and Education Services programs. After graduating from the Olin School of Business at Washington University in St. Louis, Jen worked at a community financial institution. Her responsibilities included operational and compliance oversight for ACH origination, remote deposit capture, electronic banking, and debit card programs. Jen holds AAP, CTP, and NCP certifications and is co-chair of the national RPA Forum Operations Committee. In addition, she serves on the Board of Regents to assist with curriculum for NACHA’s annual education event at The Payments Institute.
Showing posts with label Mobile Deposit. Show all posts
Showing posts with label Mobile Deposit. Show all posts
(ON DEMAND) Cyber Series: Mobile Remote Deposit Strategies: Technology, Deployment Models & Risks
Email to Order the Recording + Free Digital Download
Mobile continues to revolutionize remote deposit capture (RDC). Mobile RDC users now outnumber desktop RDC users 40 to 1, and 70% of financial institutions are deploying business mobile RDC within the next year. Deployment and adoption of mobile RDC (mRDC) among consumers and micro/small businesses will continue to grow dramatically over the next 12 months. Checks remain a preferred method of payment for most small businesses, and new low-cost commercial mRDC solutions (along with smarter risk-management tools) are prompting many financial institutions to expand their RDC offerings among both consumers and the 84% of businesses in the U.S. with less than $1 million in annual revenues. In fact, some institutions consider mRDC a necessary cost-cutting prerequisite to meaningful branch transformation. Join us for a fact check on mRDC fraud losses and benchmarks, a reassessment of mRDC eligibility and deposit limits, and a strategic look at the untapped potential of mRDC as a mass-market, deposit-gathering tool.
HIGHLIGHTS
State of mRDC: business and consumer, desktop and mobile
How small business mRDC differs from consumer mRDC
mRDC adoption forecast: consumer and small business
The untapped potential of mRDC for mass-market deposit gathering
mRDC risk and compliance update
Risks and fraud loss benchmarks
Revisiting mRDC eligibility and deposit limits
Why mRDC matters for branch transformation
TAKE-AWAY TOOLKIT
mRDC risk assessment
mRDC agreement outline/elements
Employee training log
Quiz you can administer to measure staff learning and a separate answer key
Attendance verification for CE credits provided upon request.
WHO SHOULD ATTEND? Officers and staff responsible for the strategy, operation, risk, compliance, and marketing of remote deposit services for both consumers and businesses. This topic’s strategic implications for branch transformation also merit the attention of executive management.
ABOUT THE PRESENTER – Lee Wetherington, AAP, Jack Henry & Associates, Inc.®, is Director of Strategic Insight for ProfitStars®, a division of Jack Henry & Associates®. He directs the development of actionable insight and strategy for the financial services industry. To this end, he creates programs, presentations, and articles designed to orient and educate financial executives on the trends and implications of new technologies. Lee has delivered over 400 keynotes nationwide focusing upon opportunities and challenges in payments and the online/mobile/social channels, and is widely renowned for his unique style of comedic delivery. His articles and commentary have been widely published across the financial services industry. Lee received bachelor degrees in Economics and English from Duke University in 1990, and, in 1993, he completed graduate studies at Emory University. In 1995, he earned the distinguished Accredited ACH Professional (AAP) certification from the National Automated Clearing House Association (NACHA).
Mobile continues to revolutionize remote deposit capture (RDC). Mobile RDC users now outnumber desktop RDC users 40 to 1, and 70% of financial institutions are deploying business mobile RDC within the next year. Deployment and adoption of mobile RDC (mRDC) among consumers and micro/small businesses will continue to grow dramatically over the next 12 months. Checks remain a preferred method of payment for most small businesses, and new low-cost commercial mRDC solutions (along with smarter risk-management tools) are prompting many financial institutions to expand their RDC offerings among both consumers and the 84% of businesses in the U.S. with less than $1 million in annual revenues. In fact, some institutions consider mRDC a necessary cost-cutting prerequisite to meaningful branch transformation. Join us for a fact check on mRDC fraud losses and benchmarks, a reassessment of mRDC eligibility and deposit limits, and a strategic look at the untapped potential of mRDC as a mass-market, deposit-gathering tool.
HIGHLIGHTS
State of mRDC: business and consumer, desktop and mobile
How small business mRDC differs from consumer mRDC
mRDC adoption forecast: consumer and small business
The untapped potential of mRDC for mass-market deposit gathering
mRDC risk and compliance update
Risks and fraud loss benchmarks
Revisiting mRDC eligibility and deposit limits
Why mRDC matters for branch transformation
TAKE-AWAY TOOLKIT
mRDC risk assessment
mRDC agreement outline/elements
Employee training log
Quiz you can administer to measure staff learning and a separate answer key
Attendance verification for CE credits provided upon request.
WHO SHOULD ATTEND? Officers and staff responsible for the strategy, operation, risk, compliance, and marketing of remote deposit services for both consumers and businesses. This topic’s strategic implications for branch transformation also merit the attention of executive management.
ABOUT THE PRESENTER – Lee Wetherington, AAP, Jack Henry & Associates, Inc.®, is Director of Strategic Insight for ProfitStars®, a division of Jack Henry & Associates®. He directs the development of actionable insight and strategy for the financial services industry. To this end, he creates programs, presentations, and articles designed to orient and educate financial executives on the trends and implications of new technologies. Lee has delivered over 400 keynotes nationwide focusing upon opportunities and challenges in payments and the online/mobile/social channels, and is widely renowned for his unique style of comedic delivery. His articles and commentary have been widely published across the financial services industry. Lee received bachelor degrees in Economics and English from Duke University in 1990, and, in 1993, he completed graduate studies at Emory University. In 1995, he earned the distinguished Accredited ACH Professional (AAP) certification from the National Automated Clearing House Association (NACHA).
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