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, Financial Institutions CREATIVE PAYMENT SOLUTIONS Key Benefits: Reduces risk of FFIEC non-compliance Minimizes on-site visits for risk assessments Reinforces customer training FI selects categories, questions and answers for each customer Customized with FI branding Easy to implement and track results Detailed reports of survey results Provides substantial cost savings Creative Payment Solutions, Inc. • P.O. Box 2341, Wilson, NC 27893 • Phone: 1-800-508-0277 Fax: 1-800-518-9364 Creative Payment Solutions is a subsidiary of BB&T Corporation • Member FDIC Remote Deposit Capture Risk Self-Assessment Reduce Remote Deposit Capture risk and the expense of FFIEC compliance FFIEC RDC risk management guidelines Remote Deposit Capture (RDC) processes at a customer location can expose financial institutions to operational risks, and the individuals who pay by check to physical or electronic theft. The Federal Financial Institutions Examination Council (FFIEC) issued bank guidelines regarding risk management of RDC policies and procedures. A financial institution offering RDC should require adequate risk management at customer locations. Prior to implementing RDC, and periodically thereafter, FIs should conduct a risk assessment to identify the related types and levels of risk exposure. When appropriate, financial institutions may choose to rely on self-assessments by their RDC customers when these address the controls and risk management practices that would otherwise be reviewed during on-site visits by FI staff. The high cost of on-site visits Consider the expense for your financial institution to make an annual visit to each RDC customer. Now estimate the opportunity cost during that period when your efforts could instead be focused on generating additional sales. It adds up quickly, easily reaching a cost of $400 or more per customer each year. Reduced risk and substantial cost savings With RDC Risk Self-Assessment from Creative Payment Solutions, your financial institution can minimize costly on-site visits while reducing risks of non-compliance by customers in accordance with FFIEC guidelines. Quickly and easily schedule survey campaigns for your RDC customers. Each customer is prompted online to complete a brief self-assessment, consisting of the questions you select and customized with your FI’s brand. Categories cover important topics such as protecting confidential informa- tion, check storage and destruction, and separation of duties. Recommended corrective action is displayed when necessary to reinforce appropriate RDC procedures, and online reports of each customer’s assessment are furnished to you. Consolidated reports of compliance can be provided to auditors and regulators. It’s easy to implement and track results, and provides substantial cost savings. To learn more about RDC Risk Self-Assessment from Creative Payment Solutions and how it will benefit both your financial institution and your customers, please call our support team at 1-800-508-0277 or visit www.creativepaymentsolutions.com today. Key Benefits: Reduces risk of FFIEC non-compliance Minimizes on-site visits for risk assessments Reinforces customer training FI selects categories, questions and answers for each customer Customized with FI branding Easy to implement and track results Detailed reports of survey results Provides substantial cost savings Key Benefits: Reduces risk of FFIEC non-compliance Minimizes on-site visits for risk assessments Reinforces customer training FI selects categories, questions and answers for each customer Customized with FI branding Easy to implement and track results Detailed reports of survey results Provides substantial cost savings RDC Risk Self-Assessment
