Prior to joining WesPay, Angie spent seven years at various regional payments associations and was responsible for managing education and consulting services to financial services.Īngie spent over thirteen years at the Federal Reserve Bank, where she was responsible for processing handling of checks, returns and adjustment.Angie currently serves on the ECCHO Editorial Board for the NCPC Program. She consults to financial institutions in the areas of payments regulations and process improvement.
#Reg cc check endoresment code
The Uniform Commercial Code § 3206 lays out generally accepted rules on restrictive endorsements. That is, an endorsement that takes effect only on the occurrence or non-occurrence of another act or event. She brings thirty years of payments experience to WesPay Advisors and has worked for leading payments organizations, including Federal Reserve Bank, Viewpointe, and MACHA – The Mid-Atlantic Payments Association. A restrictive endorsement is a conditional guaranty of a transfer of a negotiable instrument. Appropriate Restrictive Endorsements ExplainedĪngie Smith currently serves as the Senior Vice President of Professional Development Events at WesPay, where she is responsible for member programs supporting the AAP and NCP accreditations.Īngie is a recognized industry expert in both paper and electronic payments regulation.Remote Deposit Capture (RDC) Indemnity in Detail.Role of Rules and Agreements, including ECCHO Rules and Fed Circulars.This compliance webinar will discuss the challenges with duplicate presentments and the new RDC Indemnity the went into effect Jand how it is changing the landscape. Don’t miss this opportunity to hear the lasted news about sound practices associated with remote deposit capture. Each day more and more financial institutions are offering their consumer’s the convenient option of depositing paper checks with scanners or a few simple taps on their mobile devices. Processing checks as images presents challenges and opportunities for financial institutions.
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