27th January 2009
iStream Financial Services’ Anticipation of Risk Management Related to Remote Deposit Pays Off
Federal Financial Institutions Examination Council (FFIEC) Guidelines for Risk Management of RDC is no surprise
15th January 2009
INDUSTRY: FFIEC Issues Guidance on Risk Management of Remote Deposit Capture
The Federal Financial Institutions Examination Council has issued the attached guidance, "Risk Management of Remote Deposit Capture," to assist financial institutions in identifying risks in their remote deposit capture (RDC) systems and evaluating the adequacy of controls and applicable risk management practices. The guidance addresses the necessary elements of an RDC risk management process - risk identification, assessment, and mitigation - and the measurement and monitoring of residual risk exposure. The guidance also discusses the responsibilities of the board of directors and senior management in overseeing the development, implementation, and ongoing operation of RDC.
10th December 2008
iStream with Pertech Resources to provide an environmental and economical payment solution
The partnership integrates Pertech Resources 6100 series scanner with iStream's payment solutions to remotely capture checks, ID cards and other data elements. This low cost device provides a low total cost of ownership (TCO) that is user friendly with a simple to operate compact size, all wrapped up in a modern design for the remote document capture market associated with financial transactions.
