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.
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.
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 legal and operational retention considerations and requirements for original checks and image/copies.