Compliance Audit | Merchant RDC

Merchant Remote Deposit Capture (RDC) Audit

Have you had a payment system expert audit your institution?  

The Federal Financial Institutions Examination Council (FFIEC) Retail Payment Systems Manual requires financial institutions to ensure effective internal audit functions for all electronic deposit systems, including third-party relationships. The audit program should test the quality of internal controls, compliance with laws and regulations, management policies, procedures, and limits. Audit coverage should be risk-based, and special attention should be given to new retail payment technologies and products.

Using a proven methodology, we can quickly perform your electronic deposit audit efficiently and at a competitive rate! We will provide you with: 

  • a detailed report specifying areas where you did or did not meet the criteria for a successful audit; 
  • a summary of the findings;
  • procedures and controls that need strengthening; and 
  • recommended steps to reduce risk. 

A review of all the findings is conducted during an exit meeting.

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