Page |1
NCP EXAM Operations Questions and
Correct Answers/ Latest Update / Already
Graded
Point of capture
Ans: Image ATM, Vault, lockbox, front counter, branch image
capture, back counter, image CL from an exchange partner,
RDC from customers
Item capture
Ans: Fed and most rules require full field MICR. ECCHO,
permits partial by agreement.
Quality control
Ans: IQA = Image Quality Analysis - interrogates electronic
items. Also called CODE LINE MATCH: ensures that item's
electronic data record (MICR information) matches the visual
representation of the orginal checks MICR line. Some issues
include: too light, too dark, streaks, excessive skew, piggyback.
Duplicate item detection
Ans: Item level control. True duplicates result in exception
item (may be returned or adjusted). What is the industr y
All rights reserved © 2025/ 2026 |
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practice? Timing will determine. After midnight deadline would
have to adjust. If prior to midnight deadline, can return. Know
operational duplicates should be resolved as adjustments.
When the cause is unknown, fraud may be involved...return
would protect legal rights of Paying Bank ("right of return")
Proof and Balancing
Ans: Proof = encode. Balance to deposit ticket. Encode amount
and missing MICR fields. Correct customer errors as needed,
and balance the transactions.
Clearing (including ACH Conversion)
Ans:
Bulk File
Ans: filing and temporary retention system. Process occurs at
end of day after capture, balancing, and posting. Still may be
required for customers with special statement requirements..
Resort any physical items for statement rendering.
Posting
All rights reserved © 2025/ 2026 |
, Page |3
Ans: On us items get uploaded into internal systems while
transit work gets ready for dispatch. Part of end of day process.
Send all information about items processed that day to DDA
system to attempt to post to customer accounts. Deposited
credits and onus checks.
Reconcilement
Ans:
Bank Settlement
Ans: Facilitates the exchange of FUNDS between banks for the
value of cash letters sent and received. Remember that under
Reg CC you are making a warranty that all settlement will
accurately reflect the actual value of the items sent and
received. Multiple presentments and added clearing channels
make reconcilement more complicated, as there could be more
GLs to reconcile...also more items to reconcile.
File Control
Ans:
Rejected items and files
All rights reserved © 2025/ 2026 |
NCP EXAM Operations Questions and
Correct Answers/ Latest Update / Already
Graded
Point of capture
Ans: Image ATM, Vault, lockbox, front counter, branch image
capture, back counter, image CL from an exchange partner,
RDC from customers
Item capture
Ans: Fed and most rules require full field MICR. ECCHO,
permits partial by agreement.
Quality control
Ans: IQA = Image Quality Analysis - interrogates electronic
items. Also called CODE LINE MATCH: ensures that item's
electronic data record (MICR information) matches the visual
representation of the orginal checks MICR line. Some issues
include: too light, too dark, streaks, excessive skew, piggyback.
Duplicate item detection
Ans: Item level control. True duplicates result in exception
item (may be returned or adjusted). What is the industr y
All rights reserved © 2025/ 2026 |
, Page |2
practice? Timing will determine. After midnight deadline would
have to adjust. If prior to midnight deadline, can return. Know
operational duplicates should be resolved as adjustments.
When the cause is unknown, fraud may be involved...return
would protect legal rights of Paying Bank ("right of return")
Proof and Balancing
Ans: Proof = encode. Balance to deposit ticket. Encode amount
and missing MICR fields. Correct customer errors as needed,
and balance the transactions.
Clearing (including ACH Conversion)
Ans:
Bulk File
Ans: filing and temporary retention system. Process occurs at
end of day after capture, balancing, and posting. Still may be
required for customers with special statement requirements..
Resort any physical items for statement rendering.
Posting
All rights reserved © 2025/ 2026 |
, Page |3
Ans: On us items get uploaded into internal systems while
transit work gets ready for dispatch. Part of end of day process.
Send all information about items processed that day to DDA
system to attempt to post to customer accounts. Deposited
credits and onus checks.
Reconcilement
Ans:
Bank Settlement
Ans: Facilitates the exchange of FUNDS between banks for the
value of cash letters sent and received. Remember that under
Reg CC you are making a warranty that all settlement will
accurately reflect the actual value of the items sent and
received. Multiple presentments and added clearing channels
make reconcilement more complicated, as there could be more
GLs to reconcile...also more items to reconcile.
File Control
Ans:
Rejected items and files
All rights reserved © 2025/ 2026 |
