Lunchtime Tip: Understanding Remotely Created Checks and ECIs
Credit
NCP:0.6
Description
Remotely Created Checks are often viewed as the "ugly stepchild " of the check world, but they still fill an important and vital role in payment processing. Now enter ECIs (Electronically Created Items), which are not “checks” under Regulation CC. To limit your liability associated with these items, it is important to understand your rights and responsibilities, both as a Paying Bank, or the Bank of First Deposit. This webinar will discuss these items in detail and walk you through the transaction from authorization through the return or adjustment process.
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