The Check Clearing for the 21st Century Act (Check21) and the substitute check created new opportunities for financial institutions that take advantage of the opportunities and offer remote deposit capture to their customers giving them the convenience of electronically depositing checks. This paper will address and provide suggestions for best practices to manage and mitigate risk in the following areas: regulation, laws, contracts, fraud detection, operations and software capability. Authors: Paul Carrubba, Adams and Reese LLP; Mary Hockridge, NetDeposit, Inc.; and Michael K. Harris, Executive Product Specialist
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