Hilltop National Bank's Remote Deposit Capture

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| By Joyce Fullerton
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Joyce Fullerton
Community Contributor
Quizzes Created: 2 | Total Attempts: 194
| Attempts: 79
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  • 1/19 Questions

    Remote Deposit Capture allows businesses to

    • Remotely deposit checks
    • Capture supplemental receivable documents such as payment stubs and full page documents
    • Neither
    • Both
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About This Quiz


Test your knowledge on Hilltop's Remote Deposit Capture product, based on the online PowerPoint you've viewed.

Hilltop National Banks Remote Deposit Capture - Quiz

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  • 2. 

    When capturing "supplemental receivables documents," those items would typically, next, be processed by Hilltop's lock box system.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    The statement suggests that when "supplemental receivables documents" are captured, they are usually processed by Hilltop's lock box system. This implies that Hilltop has a system in place specifically designed to handle these types of documents. Therefore, the answer is true.

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  • 3. 

    Remote deposit capture helps to reduce the number of trips to the bank (saving time, money and fuel).

    • True

    • False

    Correct Answer
    A. True
    Explanation
    Remote deposit capture allows individuals and businesses to deposit checks electronically without having to physically visit a bank branch. By using a mobile device or scanner, checks can be scanned and submitted for deposit from the convenience of any location. This eliminates the need for frequent trips to the bank, saving time, money, and fuel that would otherwise be spent on transportation. Therefore, the statement that remote deposit capture helps to reduce the number of trips to the bank is true.

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  • 4. 

    By eliminating the physical transportation of checks, your customers' checks clear faster and fraudulent checks are identified sooner.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    By eliminating the physical transportation of checks, the process of clearing checks is expedited, resulting in faster availability of funds for customers. Additionally, the use of electronic systems allows for quicker identification of fraudulent checks, enabling prompt action to be taken to prevent financial losses.

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  • 5. 

    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.  

    • True

    • False

    Correct Answer
    A. True
    Explanation
    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. This means that if you accidentally try to deposit the same check twice, the system will notify you and ask for your input on what to do with the duplicate item. This feature ensures that you do not inadvertently deposit the same check multiple times, helping to prevent any potential issues or errors. Therefore, the statement is true.

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  • 6. 

    Training for Hilltop's Remote Deposit Capture consists of:

    • Six hours of online videos

    • A 150 page users manual

    • A half day on-site visit by Hilltop staff

    • None of the above

    Correct Answer
    A. None of the above
    Explanation
    The correct answer is "None of the above" because the given options do not accurately represent the training for Hilltop's Remote Deposit Capture. The question does not provide any information about the actual training process, so it is not possible to determine what it consists of based on the given options.

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  • 7. 

    There are no time-consuming classes or complicated instruction manuals associated with learning to install and use Hilltop's Remote Deposit Capture.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    The given statement implies that learning to install and use Hilltop's Remote Deposit Capture does not require attending time-consuming classes or going through complicated instruction manuals. Therefore, the correct answer is True, indicating that the statement is accurate.

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  • 8. 

    Installation wizards and web-based training will get you up and running with Hilltop's Remote Deposit Capture in a matter of minutes.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    Installation wizards and web-based training are efficient and user-friendly methods to quickly set up and start using Hilltop's Remote Deposit Capture. These tools are designed to guide users through the installation process and provide training on how to use the system effectively. With their help, users can easily get up and running with Remote Deposit Capture in just a few minutes. Therefore, the statement "Installation wizards and web-based training will get you up and running with Hilltop's Remote Deposit Capture in a matter of minutes" is true.

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  • 9. 

    Hilltop's Remote Deposit Capture system offers integration capabilities into many accounts receivable systems.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    Hilltop's Remote Deposit Capture system offers integration capabilities into many accounts receivable systems. This means that the system is designed to seamlessly connect and work with various accounts receivable systems, allowing for easy and efficient integration of data and processes. This integration capability is a valuable feature for businesses that rely on accounts receivable systems, as it eliminates the need for manual data entry and streamlines the overall payment collection process.

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  • 10. 

    Remote Deposit Capture features multiple security levels and controls, making the process actually safer than physically transporting the checks to the bank.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    The statement is true because Remote Deposit Capture utilizes various security measures and controls to ensure the safety of the process. Unlike physically transporting checks to the bank, which can be prone to loss or theft, Remote Deposit Capture provides multiple levels of security to protect the checks during the electronic transmission. This includes encryption technology, secure login credentials, and authentication protocols, making it a safer alternative to physically transporting the checks.

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  • 11. 

    What two pieces of paperwork do you need in order to get going with Remote Deposit Capture

    • Cash Management Application

    • Remote Deposit Capture Agreement

    • ACH Liability Assessment

    • SWIFT account wire agreement

    Correct Answer(s)
    A. Cash Management Application
    A. Remote Deposit Capture Agreement
    Explanation
    To get started with Remote Deposit Capture, you need two pieces of paperwork: a Cash Management Application and a Remote Deposit Capture Agreement. The Cash Management Application is necessary to set up your account and provide information about your business. The Remote Deposit Capture Agreement outlines the terms and conditions of using the Remote Deposit Capture service, including responsibilities, liabilities, and any fees associated with it. These two documents are essential for initiating and formalizing the process of using Remote Deposit Capture.

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  • 12. 

    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.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    The statement is true because it clearly states that there is a fee of $0.10 per item deposited for Remote Deposit Capture. This fee is in addition to the bank's per item analysis fee, indicating that there are two separate fees associated with this service.

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  • 13. 

    Approved customers order their scanners directly from Wausau, the Remote Deposit vendor.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    The statement states that approved customers order their scanners directly from Wausau, the Remote Deposit vendor. This implies that the statement is true, as it suggests that customers who are approved have the ability to place orders for scanners directly from Wausau.

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  • 14. 

    If a customer inquires about Remote Deposit Capture, you should direct them to Business Development.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    If a customer inquires about Remote Deposit Capture, it is appropriate to direct them to Business Development. This is because Business Development is responsible for promoting and selling products and services to customers, and Remote Deposit Capture is a service that allows customers to deposit checks electronically without visiting a physical bank branch. Therefore, directing the customer to Business Development would ensure that they receive the necessary information and assistance regarding Remote Deposit Capture.

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  • 15. 

    To get started with Hilltop's Remote Deposit Capture, what are the three things you need?

    • Faith, hope and charity

    • A will to live, a good lawyer and a smart accountant

    • A PC, an internet connection and a scanning device

    • None of the above

    Correct Answer
    A. A PC, an internet connection and a scanning device
    Explanation
    The correct answer is A PC, an internet connection and a scanning device. This answer is correct because to get started with Hilltop's Remote Deposit Capture, you need a PC (personal computer) to access the system, an internet connection to connect to the remote deposit capture service, and a scanning device to scan and upload the checks for deposit.

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  • 16. 

    Hilltop's remote deposit capture allows you to process checks and payments electronically. Click all applicable benefits.

    • Accelerate funds availability

    • Improve fraud detection

    • Enhance labor efficiencies

    • Improve your looks

    Correct Answer(s)
    A. Accelerate funds availability
    A. Improve fraud detection
    A. Enhance labor efficiencies
    Explanation
    Hilltop's remote deposit capture allows you to process checks and payments electronically, which offers several benefits. Accelerating funds availability means that funds can be made available more quickly, reducing the time it takes to access and use the money. Improving fraud detection means that the system can identify potential fraudulent activities and prevent them from being processed. Enhancing labor efficiencies means that the process of depositing checks and processing payments can be streamlined, reducing the need for manual labor and increasing productivity. The last option, "Improve your looks," is not applicable and does not provide any benefits related to remote deposit capture.

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  • 17. 

    Benefits of Hilltop's Remote Deposit Capture System include (check all that apply):

    • Improve your looks

    • Streamline operational efficiency

    • Save the ozone

    • Save employee time and fuel costs

    • Heal relationships with your siblings

    • Reduce paperwork

    • Minimize risk of fraud and theft

    • Simplify bookkeeping and manual errors

    Correct Answer(s)
    A. Streamline operational efficiency
    A. Save employee time and fuel costs
    A. Reduce paperwork
    A. Minimize risk of fraud and theft
    A. Simplify bookkeeping and manual errors
    Explanation
    The benefits of Hilltop's Remote Deposit Capture System include streamlining operational efficiency, saving employee time and fuel costs, reducing paperwork, minimizing the risk of fraud and theft, and simplifying bookkeeping and manual errors. This system allows for more efficient and streamlined processes, saving time and money for employees. It also reduces the amount of paperwork needed, which can lead to a more organized and efficient system. Additionally, the system helps to minimize the risk of fraud and theft by providing secure and traceable transactions. Finally, it simplifies bookkeeping and reduces the chances of manual errors, ensuring accurate and reliable financial records.

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  • 18. 

    What two items will reviewed in order to see if a customer qualifies for Remote Deposit Capture?

    • Six months of checking account acitivity and a Risk Review

    • NSF Activity and Number of lawsuits

    • Number of banks used in the last year and a Dun and Bradstreet Report

    • None of the above

    Correct Answer
    A. Six months of checking account acitivity and a Risk Review
    Explanation
    In order to determine if a customer qualifies for Remote Deposit Capture, their checking account activity for the past six months will be reviewed. This helps to assess their financial stability and transaction history. Additionally, a risk review will be conducted to evaluate any potential risks associated with the customer. These two factors are crucial in determining if a customer is eligible for Remote Deposit Capture.

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  • 19. 

    Select all the costs associated with Hilltop's Remote Deposit Capture

    • $125.00 one time set up fee

    • $15.00 monthly scanning fee

    • $75.00 monthly fee

    • $30.00 ACH forwarding fee

    • $0.10 per item deposited

    Correct Answer(s)
    A. $125.00 one time set up fee
    A. $75.00 monthly fee
    A. $0.10 per item deposited
    Explanation
    The costs associated with Hilltop's Remote Deposit Capture include a $125.00 one time set up fee, a $75.00 monthly fee, and a $0.10 per item deposited fee.

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Quiz Review Timeline (Updated): Oct 19, 2023 +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Oct 19, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Oct 01, 2013
    Quiz Created by
    Joyce Fullerton

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