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Remote deposit capture

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Definition Edit

Remote deposit capture (RDC) is

[a] service that enables users at remote locations to scan digital images of checks and transmit the captured data to a financial institution or a merchant that is a customer of a financial institution.[1]

Overview Edit

"Remote Deposit Capture (RDC), a deposit transaction delivery system, allows a financial institution to receive digital information from deposit documents captured at remote locations. These locations may be the financial institution’s branches, ATMs, domestic and foreign correspondents, or locations owned or controlled by commercial or retail customers of the financial institution. In substance, RDC is similar to traditional deposit delivery systems at financial institutions; however, it enables customers of financial institutions to deposit items electronically from remote locations. RDC can decrease processing costs, support new and existing banking products, and improve customersaccess to their deposits; however, it introduces additional risks to those typically inherent in traditional deposit delivery systems."[2]

References Edit

  1. FFIEC IT Examination Handbook, Retail Payment Systems, App. B: Glossary (full-text).
  2. FFIEC Guidance Addressing Risk Management of Remote Deposit Capture Activities, Attachment (Risk Management of Remote Deposit Capture), at 1.

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