National Check Professional (NCP) Certification Practice Test

The adjustment labeled WIC/URCC stands for Unauthorized Remotely Created Check claim. This designation is used in the context of banking and check processing to identify claims related to checks that have been created without the proper authorization of the account holder. In this scenario, a remotely created check is generated electronically rather than through traditional means, and when there is an incident of fraud or unauthorized creation, this adjustment is utilized to address and rectify the situation.

Understanding this is crucial for professionals in the payments industry, as it relates to risk management and compliance with regulations governing electronic payment methods. Proper handling of such claims helps to protect consumers and maintains trust in electronic payment systems.