Duplicate presentment of checks is a growing challenge in the evolving payments landscape, especially with the widespread use of Remote Deposit Capture (RDC). This course provides learners with a comprehensive understanding of check duplicates-why they occur, how they impact financial institutions, and strategies for resolution.

Despite the common definition of "duplicate," check duplicates are not identical; they may carry different indorsements and appear in different clearing channels. This course will break down the legal definitions, warranties, and claims associated with duplicates, using real-world examples such as mobile deposits and over-the-counter presentment.

Learners will explore various duplicate scenarios, the role of Depositary Banks, and the resolution processes, including returns and adjustments. Additionally, the course will cover sound practices for avoiding duplicates through effective policies, training, and operational controls.

By the end of the course, learners will be equipped with the knowledge to manage duplicate presentment risks and enhance their institution's fraud prevention and dispute resolution strategies.

Item Number: LMSM8005