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October 2008 - Scott Haynes
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There's plenty more to Remote Deposit Capture (RDC) than just depositing checks.

My topic this month is the ability to set up your clients using what CPS calls a parent and child relationship. 

How does a parent/child client differ from an ordinary client set up?  By design, a company accessing RDC does not have access to another company's information.  Think of these separate companies as individual parents.  However, some companies are comprised of one or more sub-companies, agencies, or locations.  In this case, all the companies want their own autonomy, but a parent company needs to be able to monitor deposit activity across its sub-companies (children).  A parent company may have one or more children. 

Also, every company, whether parent or child, has its own specific list of deposit accounts.  The solution to dividing a large number of deposit accounts for a single company is to divvy them up between parent and child companies.  Yes, a parent and children can have their own accounts, as well as share common accounts.

In a related example, I recently received a phone call where a company owner wanted to submit deposits into business accounts as well as their own personal accounts.  Company employees needed only to submit deposits into the business accounts.  The solution was to set up the owner as a parent, and the remainder of the company as a child.

With parent and child, each entity logs into RDC using their own unique company shortname.  As a result, deposits are submitted separate from other companies.  The same applies to each company's next day Transaction Summary reports.  Like all its children, the parent has its own RDC access to submit deposits and view reports.

The difference is the parent company can use its single signon to view its own reports AND the reports for all the children.  Only the parent has this functionality.

Attached is a document covers how a parent views reports for themselves and its children.

October 2008 Check It Out attachment

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