Remote Deposit Capture -- Proceed with Caution

In the quest to meet the needs of merchant-customers, your bank may be tempted to rush into contracts with vendors of remote deposit capture technology.  It is well worth your time to take a hard look at the contract before signing.  Usually, and not surprisingly, the contract provided by the vendor is drafted heavily in its favor.  Take a second look at your merchant-customers, too.  Are they, and their employees, ready to take on the responsibility of storing checks?  What measures are in place to safeguard checks and prevent double-presentment?  Please read the full article on our website for more information about entering into remote deposit capture vendor and service contracts. 

For more information contact Emily S. Pontius of Dickinson, Mackaman, Tyler & Hagen, P.C.