Common use of Real Time Deposit Risk Management Clause in Contracts

Real Time Deposit Risk Management. Behind the scenes, the mRDC Service and the Q2mobility application utilizes a wide range of check deposit risk factors weighing against each of your mobile check deposit submissions, in an effort to detect and uncover errors, irregularities and indications of possibly fraudulent characteristics that, potentially, could defeat the collection of a check or result in its later return. The Bank will promptly review checks placed in this category. This risk management process benefits not only the Bank, but also protects you, the User. When the Bank deems it appropriate, as determined in its sole discretion, a check(s) deposit may be rejected not only for issues of poor image quality, but also for questions concerning its negotiability. If rejection of a check is possible, but not certain, it will be sent for back office attention and a quick determination of whether or not the check will be sent for presentment and collection.

Real Time Deposit Risk Management. Behind the scenes, the mRDC Service and the Q2mobility application utilizes a wide range of check deposit risk factors weighing against each of your mobile check deposit submissions, in an effort to detect and uncover errors, irregularities and indications of possibly fraudulent characteristics that, potentially, could defeat the collection of a check or result in its later return. The Bank will promptly review checks Checks placed in this category. This risk management process benefits not only the Bank, but also protects you, the User. When the Bank deems it appropriate, as determined in its sole discretion, a check(s) deposit submission may be rejected not only for issues of poor image quality, but also for questions concerning its negotiability. If rejection of a check is possible, but not certain, it will be sent for back office attention and a quick determination of whether or not the check will be sent for presentment and collection.