Pol-Remote Deposit Capture
policy remote deposit capture modified Mon Oct 17 2022 15:58:14 GMT-0400 (Eastern Daylight Time)
University of Louisville
Remote Deposit Capture
February 1, 2010
This policy applies to University employees (administrators, faculty, and staff).
REASON FOR POLICY
Remote Deposit Capture (RDC), also referred to as Deposit On-Site, enables clients to capture check images and payment related data, and transmit those images electronically to the bank for deposit. It eliminates the need for trips to the bank or Bursar’s Office to submit deposits. Most types of paper checks can be submitted by Remote Capture including personal, business, Cashier, Certified, Official, Money Orders, and Travelers Checks. Foreign items cannot be submitted by Deposit On-Site.
University departments must follow the Departmental Cash Controls Policy outlined in this policy in order to use Remote Deposit Capture (RDC or Deposit On-Site) to deposit checks received.
Contact the Treasury Department for questions regarding PNC Pinacle Deposit On-Site.
Vice President for Finance and Chief Financial Officer
RESPONSIBLE UNIVERSITY DEPARTMENT/DIVISION
Service Complex, Louisville, KY 40292
Revision Date(s): September 6, 2016; January 31, 2020
Reviewed Date(s): August 2, 2016; January 31, 2020
The University Policy and Procedure Library is updated regularly. In order to ensure a printed copy of this document is current, please access it online at http://louisville.edu/policies.