Mobile and Remote Deposit Capture (RDC) services are increasingly popular among businesses and consumers, offering improved convenience and deposit availability. These services, however, pose unique risks that must be properly managed. One significant key to an effective RDC risk and compliance program is a comprehensive set of policies that address the critical aspects of your organization’s RDC business, such as whether services are offered to corporates, consumers, or solely used for internal purposes. WesPay Advisors' RDC Policies Service will equip you with customized policies designed to be approved by your Board and provided to regulators and auditors as evidence of your organization's strategy and controls for mitigating the inherent risks of your RDC program.

Whether your organization is considering developing an RDC program or already has one in place, WesPay Advisors' RDC Policies Advisory Service can assist in ensuring that your RDC program includes the identification of key risks and their corresponding industry sound-practice controls to reduce inherent risk of all RDC programs.

Benefits of Using This Service

  • Customized solution to review your current RDC risk management program
  • Comparison of your policies against WesPay Advisors' inventory of electronic payment regulations, key risks and industry sound practices
  • The template includes current regulations, guidance, and industry sound practices to:
    • Identify potential gaps
    • Advise on content and key verbiage of your existing policies
  • Confidence knowing an industry recognized team of experts has reviewed your RDC program policies that can be:
    • Approved by your Board
    • Provided to regulators and auditors as evidence of your strategy and risk mitigation
    • Used for creating a library of documented procedures to enforce your policies
  • Conversation with WesPay Advisors staff to discuss the results and your next steps in utilizing the results

This Service Includes:

  • Initial ACH policy template will be provided to you for review and integration with your current ACH policies
  • RDC policy template for integration with your current documented RDC policies
  • The template includes current regulations, guidance, and industry sound practices to:
    • Identify potential gaps
    • Advise on content and key verbiage of your existing policies
  • Conversation with WesPay Advisors staff to discuss any questions you have with the template and your next steps in utilizing it your organization’s RDC program

Pricing

The cost of this service is dependent upon the asset size of your organization and the time of the year you wish to have it performed. Contact us for a price quote and to schedule a consultation.​ 



Remote Deposit Capture poses unique risks that must be properly managed.