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Financial Institutions
CREATIVE PAYMENT SOLUTIONS
Key Benefits:
Reduces risk ofFFIEC non-compliance
Minimizes on-site visitsfor risk assessments
Reinforces customertraining
FI selects categories,questions
and answers for eachcustomer
Customized with FIbranding
Easy to implement andtrack results
Detailed reports ofsurvey results
Provides substantialcost 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-AssessmentReduce Remote Deposit Capture risk and the expense of FFIEC compliance
FFIEC RDC risk management guidelinesRemote Deposit Capture (RDC) processes at a customer location can expose �nancial 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 �nancial institution o�ering 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, �nancial 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 sta�.
The high cost of on-site visitsConsider the expense for your �nancial institution to make an annual visit to each RDC customer. Now estimate the opportunity cost during that period when your e�orts 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 savingsWith RDC Risk Self-Assessment from Creative Payment Solutions, your �nancial 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 con�dential 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 bene�t both your �nancial institution and your customers, please call our support team at 1-800-508-0277 or visit www.creativepaymentsolutions.com today.
Key Benefits:
Reduces risk ofFFIEC non-compliance
Minimizes on-site visitsfor risk assessments
Reinforces customertraining
FI selects categories,questions
and answers for eachcustomer
Customized with FIbranding
Easy to implement andtrack results
Detailed reports ofsurvey results
Provides substantialcost savings
Key Benefits:
Reduces risk ofFFIEC non-compliance
Minimizes on-site visitsfor risk assessments
Reinforces customertraining
FI selects categories,questions
and answers for eachcustomer
Customized with FIbranding
Easy to implement andtrack results
Detailed reports ofsurvey results
Provides substantialcost savings
RDC Risk Self-Assessment
,
Financial Institutions
CREATIVE PAYMENT SOLUTIONS
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
RDC Risk Self-Assessment
Financial Institution
RDC Customer
Self-Assessment
Schedules campaign for a group ofcustomers
Selects survey questions from
existing library or creates custom
questions, answers and
recommendations
Assigns risk ratings to individual
questions and establishes survey
risk threshold
Receives online notification of
upcoming survey
Prompted when survey is available
with option to take immediately
or later
Completes survey
Displays recommendations
for corrective action
Informs FI of survey results
Provides detailed reports of
campaign results
Self - Assessment Process