This session provides an overview of Canadian Banking, its transformation to a cheque image environment and highlights of the ECCHO Canadian Cheque image exchange Rules.
Do you speak and understand check? The payments industry has its own language and this light-hearted session discusses common acronyms used in Check processing.
Statutory and regulatory requirements for returns, common return reason codes, and an overview of the X9 standard records required for presentment, return and re-presentment.
If you have wondered about the Fed\\\\\\\'s Faster Payments Project and how it relates to the evolution of payments across the globe, you will be interested in these comments.
Basics of check payments including rules and agreements, common Day 1 and Day 2 processes and considerations for both returns and adjustments.
Learn about the basics of RDC-caused duplicates including: definitions and warranties, history and impact, resolving duplicates, re-presentments, and avoiding duplicates.
2nd in series on duplicates. Learn about holder in due course definition, issues that are occurring as a result of mobile RDC, and suggestions for managing these issues.
What is a warranty and what is an indemnification? This session will cover some of the most common breach of warranty examples such as duplicates and MICR mismatches.
Overview of the payments system, state and federal regulations related to check payments, need for rules/agreements for image exchange, and an industry view of check payments.
Presents background on Federal Reserve’s Request for Comment (RFC) on potential changes to Regulation CC. It reviews in detail both the 2011 and 2013/2014 proposals.
Presents legal and operational retention considerations and requirements for original checks and image/copies.
There are layers of rules and regulations for check processing. This high-level session overviews the rules and regulatory environment.
Consider the significant transition that the check system has undergone and the whether checks have a future.