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MEMORANDUM OF UNDERSTANDING Between SALT LAKE CITY REMOTE ENCODING CENTER UNITED STATES POSTAL SERVICE And SALT LAKE CITY AREA LOCAL 6 AMERICAN POSTAL WORKERS UNION AFL CIO Supplement to 20102015
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The remote encoding center is a facility where banking institutions can outsource the encoding and processing of checks.
Banking institutions that outsource the encoding and processing of checks to a remote encoding center are required to file.
To fill out a remote encoding center, banking institutions must provide information about the outsourcing arrangement and the checks being processed.
The purpose of a remote encoding center is to streamline check processing and reduce costs for banking institutions.
The remote encoding center must report details of the outsourcing arrangement, the volume of checks processed, and any discrepancies or errors found in the encoding process.
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