BITS - Remote Deposit Image Capture: The Process, Risks, and Strategies Used to Mitigate Them

GuidanceBITS Financial Services RoundtableAnti-Money Laundering
Information Security
Privacy

This document is a tool for financial institutions’ use in assessing and mitigating risks associated with implementation of Remote Deposit Image Capture (RDIC).

This paper provides successful strategies that financial institutions (FIs) have employed for managing the risks with RDIC. It does not imply that all of these strategies are necessary for a successful program. This paper also does not address the specific technologies used to implement the RDIC process and/or mitigate the risk, as technology used will often be determined by other factors such as the compatibility of the clients’ and FIs’ equipment. This paper identifies potential risks as they pertain to product distribution, equipment and software, information system security, images and image quality, and processes.

> Read entire regulation (log in required - registration is free)