Hilltop National Bank's Remote Deposit Capture
Test your knowledge on Hilltop's Remote Deposit Capture product, based on the online PowerPoint you've viewed.
- 1.Remote Deposit Capture allows businesses to
- A.
Remotely deposit checks
- B.
Capture supplemental receivable documents such as payment stubs and full page documents
- C.
Neither
- D.
Both
- 2.When capturing "supplemental receivables documents," those items would typically, next, be processed by Hilltop's lock box system.
- A.
True
- B.
False
- 3.To get started with Hilltop's Remote Deposit Capture, what are the three things you need?
- A.
Faith, hope and charity
- B.
A will to live, a good lawyer and a smart accountant
- C.
A PC, an internet connection and a scanning device
- D.
None of the above
- 4.Hilltop's remote deposit capture allows you to process checks and payments electronically. Click all applicable benefits.
- A.
Accelerate funds availability
- B.
Improve fraud detection
- C.
Enhance labor efficiencies
- D.
Improve your looks
- 5.Remote deposit capture helps to reduce the number of trips to the bank (saving time, money and fuel).
- A.
True
- B.
False
- 6.By eliminating the physical transportation of checks, your customers' checks clear faster and fraudulent checks are identified sooner.
- A.
True
- B.
False
- 7.Hilltop’s Remote Deposit Capture has sophisticated duplicate detection technology that alerts you if you send the same check through twice and prompts you to make a decision about the item in question.
- A.
True
- B.
False
- 8.Training for Hilltop's Remote Deposit Capture consists of:
- A.
Six hours of online videos
- B.
A 150 page users manual
- C.
A half day on-site visit by Hilltop staff
- D.
None of the above
- 9.There are no time-consuming classes or complicated instruction manuals associated with learning to install and use Hilltop's Remote Deposit Capture.
- A.
True
- B.
False
- 10.Installation wizards and web-based training will get you up and running with Hilltop's Remote Deposit Capture in a matter of minutes.
- A.
True
- B.
False
- 11.Hilltop's Remote Deposit Capture system offers integration capabilities into many accounts receivable systems.
- A.
True
- B.
False
- 12.Remote Deposit Capture features multiple security levels and controls, making the process actually safer than physically transporting the checks to the bank.
- A.
True
- B.
False
- 13.Benefits of Hilltop's Remote Deposit Capture System include (check all that apply):
- A.
Improve your looks
- B.
Streamline operational efficiency
- C.
Save the ozone
- D.
Save employee time and fuel costs
- E.
Heal relationships with your siblings
- F.
Reduce paperwork
- G.
Minimize risk of fraud and theft
- H.
Simplify bookkeeping and manual errors
- 14.What two pieces of paperwork do you need in order to get going with Remote Deposit Capture
- A.
Cash Management Application
- B.
Remote Deposit Capture Agreement
- C.
ACH Liability Assessment
- D.
SWIFT account wire agreement
- 15.What two items will reviewed in order to see if a customer qualifies for Remote Deposit Capture?
- A.
Six months of checking account acitivity and a Risk Review
- B.
NSF Activity and Number of lawsuits
- C.
Number of banks used in the last year and a Dun and Bradstreet Report
- D.
None of the above
- 16.Select all the costs associated with Hilltop's Remote Deposit Capture
- A.
$125.00 one time set up fee
- B.
$15.00 monthly scanning fee
- C.
$75.00 monthly fee
- D.
$30.00 ACH forwarding fee
- E.
$0.10 per item deposited
- 17.One of the fees for Remote Deposit Capture is $0.10 per item deposited. This is in addition to the bank's per item analysis fee.
- A.
True
- B.
False
- 18.Approved customers order their scanners directly from Wausau, the Remote Deposit vendor.
- A.
True
- B.
False
- 19.If a customer inquires about Remote Deposit Capture, you should direct them to Business Development.
- A.
True
- B.
False
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