Anyone doing Consumer home deposits yet?
Heath S. asked 06/15/09 at 11:08 AM ago
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We have had our first questions about deposits from home using traditional scanners. Is anyone in the community using any of these products yet? What do your examiners think? Any success/fail stories?
David M.
Heath, first of all congratulations on your marriage. We will be rolling our home deposit system in a couple of months. We have heard how successful this program is for USAA. Initially, we will probably limit consumer RDC to our customers that have been established with our bank for at least a year, maintains a certain average balance and has not had any insufficient funds in the past year. As you are probably aware, the FFIEC issued a Risk Management of Remote Deposit Capture issuance recently. We are following their guidance. We have had little issue on the commercial side so it is time to add the consumer.
Heath S.
Thanks David! That is a nice risk assessment. We are using the FFIEC guidance on RDC too and I am encouraging our customers to use the consumer side of remote deposit.