News release: “The Federal Financial Institutions Examination Council (FFIEC) issued guidance today for examiners, financial institutions, and technology service providers to identify risks, evaluate controls, and assess risk management practices related to remote deposit capture (RDC) systems. RDC enables customers to make deposits from their homes or businesses instead of taking the deposits to their financial institutions. Digital information captured at the home or business is transmitted to the financial institution or its service provider for clearing and settlement. Financial institutions might also use RDC in their branches and automated teller machines (ATMs) to facilitate deposit processing. When properly managed, RDC can reduce processing costs, support new and existing products by financial institutions, and accelerate the availability of customers’ funds. However, RDC also introduces new risks and increases existing risks in processing deposits originated by an institution’s commercial or retail customers, or by customers of other financial institutions domestically and abroad.”