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Third parties can help financial institutions attain strategic objectives, access expertise, or improve efficiency for a particular activity. The use of third parties does not diminish the responsibility to ensure that the activity is conducted in a safe-and-sound manner.

The Council is a formal interagency body empowered to prescribe uniform principles, standards, and report forms for the federal examination of financial institutions by the Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), the Office of the Comptroller of the Currency (OCC), and the Consumer Financial Protection Bureau (CFPB), and to make recommendations to promote uniformity in the supervision of financial institutions.

Ensure your staff always has need-to-know check and Remote Deposit Capture (RDC) information within fingertip reach and stands ready to handle difficult exception items such as altered, counterfeit and forged checks.

Key topics covered include Check 21 expedited recredit provisions, exception holds, return reason codes, commonly used FRB adjustment information, RDC risk management tips, RDC duplicate resolution and how to handle an RDC Indemnity Claim.

The Center for Payments, in partnership with Nacha, conducted a market intelligence study in early 2022 to better understand the current and potential future of Same Day ACH.

Topics examined included: use of Same Day ACH by banks and credit unions and potential barriers to adoption; operational and risk mitigation practices regarding and leveraging Same Day ACH; and opportunities to enhance Same Day ACH in the future.

The complete findings of this study are available exclusively to members of ePayResources and the other payments associations that sponsor the Center for Payments.

Item Number - C4P003