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RDC Merchant Fraud Protection
The benefits of remote deposit capture are well documented. But when it comes to the risks—and the potential for catastrophic loss—what you don’t know can certainly hurt you.

When we’re convinced of the benefits of something, it’s human nature to minimize or even ignore the risks. We all know the benefits of using remote deposit capture: better deposit availability, convenience, reduced transportation costs. Unfortunately, those benefits all too often blind banks to the real risk of financial loss that results anytime a banking operation is no longer under the bank’s control. (And that’s the whole point of remote deposit capture, isn’t it?)

Take a moment to think about it: anytime you give up control, you’re vulnerable. There’s the obvious risk of fraud through double-depositing (when someone at a merchant location deposits a check electronically and then later re-deposits the hard copy into another account) and check altering (when someone at a merchant location holds a check, alters the dollar amount, and then deposits the altered check later). But there’s also the risk of loss through simple carelessness or the inevitable human error that occurs whenever people are involved in any process. When you consider that in 2010, industry experts predict that 16.6 billion items will be processed through remote deposit capture—completely out of your control—for a total dollar volume of nearly $21.6 trillion, you can begin to see just how great your exposure truly is.

That’s why Royal Group Services is offering the RDC (Remote Deposit Capture) Merchant Fraud Protection policy, a unique insurance product designed specifically to protect you from potentially catastrophic losses resulting from fraud or errors in remote deposit capture. The program is 100% underwritten by a finan-cially strong insurance organization whose insurance companies are rated “A” by independent third-party rating agencies.

The RDC Merchant Fraud Protection policy is flexible and can be customized to meet your unique needs. Choose from

Annual aggregate deductibles from $100,000 to $2,000,000
Per transaction liability limits of up to $7,500
Merchant annual liability limits of up to $10,000,000
Policy annual aggregate limits of up to $10,000,000

Premiums are low and applying is easy: simply contact your RGS representative.

Unfortunately for most banks, the reality of loss through remote deposit capture fraud is not if, but when. Let Royal Group Services help protect your assets, your business, and your future.