Remote Deposit Capture – Risks and Solutions

by Daniel D. Boland |

“When the Check 21 Act, went into effect in October, 2004, one of its stated purposes was ‘to foster innovation in the check collection system.’ One emerging innovation made possible by the Act is ‘remote deposit capture,’ the process by which a bank customer can scan checks and deposit them electronically, without physically bringing the checks to a bank office or ATM.”

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