Track: Treasury Operations

Understanding Image Exchange Options and Balancing

Monday, October 20, 2008
10:30 a.m. - 12:00 p.m.
Room: 411

In this session, we will discuss the differences in image cash letter and remote deposit capture scalability, and other pros and cons to help your company make the right choice. Learn how to deal with duplicates in the clearing process.

Speakers:

• Gail S. Ball, CTP, AAP
  Senior Vice President, Treasury
  NCO Financial Systems, Inc.

• Lori L. Kircher, CTP, CPA
  Vice President, Treasury
  NCO Financial Systems, Inc.

• Ray F. Gatland
  Senior Vice President, Image & Check Services Team Manager Treasury Services Product Solutions
  Wachovia Bank

• Brian Egan
  Vice President
  Federal Reserve Bank of Atlanta

Objectives

• Discern best practices for balancing when creating deposits, as a depositor
• Learn effective methods to identify possible duplicate transactions down stream, as a depositor
• Learn to partner with your bank to resolve the impact of duplicates on your accounts and customers' accounts
• Discover what all participants in the 'check' clearing stream are doing about duplicates

Pre-Requisites

• Knowledge of pre-check 21 check clearing processes, rules and regulations from bank, depositor or payer side
• Basic knowledge of check 21 legislation

Take-Aways

• Check list for deposit prep balancing
• Check list for daily deposit reconcilation

CPA Field of Study: MAS