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#2102211 - 10/06/16 08:45 PM RDC vs. Mobile Capture
BSA_Jay Offline
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BSA_Jay
Joined: Mar 2010
Posts: 72
New York
So we are about to begin offering mobile banking products to both retail and commercial customers.

On the retail side any check deposited via our mobile app is coming in as a mobile deposit.

However on the commercial side we will offer both remote deposit capture via a scanning device, and the commercial mobile banking app where customer may deposit via mobile device.

For the commercial customers both transactions appear as RDC.

My argument for BSA purposes is that I need to be able to distinguish between the use of the RDC scanner and the mobile app deposit in my automated monitoring system.

The argument is being made that RDC and Mobile Deposit via app are essentially the same thing for the commercial customers.

Does that statement hold true?

Thank you in advance for your responses.
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#2102222 - 10/06/16 09:11 PM Re: RDC vs. Mobile Capture BSA_Jay
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 85,417
Galveston, TX
So what do you think is the difference?? How does it impact BSA/AML risks differently?
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#2102234 - 10/06/16 10:35 PM Re: RDC vs. Mobile Capture BSA_Jay
ItNeverEnds CRCM Offline
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Joined: Oct 2006
Posts: 1,000
Looking for my sanity
I can only think of 1 BSA related issue and 1 non-BSA issue.

BSA - If you're an OCC bank, the MLR instructions say that the numbers you provide for RDC can't include mobile.

Other - if you want to be able to track your mobile transactions vs. RDC, does your system provide reports or would you have to rely on a tran code?
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#2102394 - 10/07/16 08:24 PM Re: RDC vs. Mobile Capture BSA_Jay
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
True RDC and mRDC are the same thing, but RDC presents much larger volumes and mRDC presents a greater risk that a deposited item will be deposited again.
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