Two Ways to Mitigate Remote Deposit Capture Risk

The success that banks have had deploying remote deposit capture has been tremendous over the past few years. The ability to decrease manual handling of checks and increases deposit breadth has certainly been a positive in what otherwise has not been the greatest of times in the banking community. However, as with any success along comes scrutiny. Echoes from the halls of Congress of not enough transparency, FFIEC urging tighter controls and risk mitigation of “remote capture”, not to mention pay caps or increased FDIC premiums; has taken much of the wind out of the sails of banks innovation in the past year.