Similar to identity theft, this type of fraud happens when an unauthorized individual gain access through online banking applications, capturing the account information to create and write bad checks.
Account-centric enterprise content management solutions allow users to access account holder information based on their account numbers.
An adverse action notice is a document sent to a loan applicant stating a bank’s rationale for denying a loan. It may also contain a counteroffer, such as a lesser amount or a request for an approved co-borrower.
The term “aging exceptions” refers to a group of critical exceptions that have not been resolved within a reasonable amount of time.
Altered check fraud occurs when a fraudster changes the amounts and Payee from a stolen check.
API is short for “application programming interface.” Technology companies like Alogent rely on APIs to connect multiple software applications, thereby enabling a two-way exchange of information to support users’ needs.
Audit and exam prep is a process that financial institutions go through in order to adequately prepare for upcoming audits and exams.
An authorized signer form is a document that allows an account holder to grant a range of clearance levels to individuals to perform certain functions within a bank account.

An authorized signer form is a document that allows an account holder to grant a range of clearance levels to individuals to perform certain functions within a bank account. For consumer deposit accounts, this form is also known as a signature card, which names individuals who are permitted to deposit to an account and write checks from it.

Authorized Signer Forms for Business Accounts

When a business account is established, it is standard practice for the financial institution to ask for the entity’s formation documents, such as articles of incorporation, partnership document, or trust document. This establishes the business owners who are added to the authorized signer form. Other personnel, such as an office manager and accounting or finance staff, can also be added at this time.

In the business world, an authorized signer may have varying privileges. For example, a bookkeeper may be able to sign for company credit card purchases or cut paychecks. Similarly, a finance manager may be authorized to transfer money between specific accounts or make wire transfers. Depending on the size and type of an organization, a variety of functions could be granted to people within a company based on their role or job function.

The Importance of the Authorized Signer Form

Any organization⁠—but particularly one with many moving parts and personnel⁠—relies on the authorized signer form to maintain tight control over staff who can make certain transactions. The authorized signer form clearly defines the tasks that an individual is permitted to initiate within an account. This makes transactions easier to monitor and ensures that only decision-makers are initiating specific functions.

As a result, business owners can rest easier knowing that only trusted staff are permitted to conduct business on the company’s behalf.

Managing Authorized Signer Forms at a Bank or Credit Union

For financial institutions, maintaining authorized signer forms in electronic format is ideal. An electronic copy that is easily accessible enables staff at any branch or location to quickly locate the most current version of the form. Locating documents faster means less wait time for customers and members, which, in turn, yields elevated levels of account holder satisfaction.

In addition, a digital file also offers quicker recall and less elapsed time when replacing previous versions. This is especially important when revoking an employee’s access or privileges. An electronic approach to document indexing enables near real-time management of authorized signers. By contrast, a paper-only approach creates delays and could expose the financial institution (and the account holder) to additional risk.

Document Management Resources

For best practices on managing authorized signer forms and other banking documents, be sure to check out our extensive Innovation Hub with free document tracking spreadsheets, whitepapers, and eBooks.

Looking for more banking definitions? Check out our banking definitions page.
 

Explore more resources

Modern ECM for Financial Compliance

Banks and credit unions today face increasing regulatory demands and operational risks, including GDPR, CCPA, HIPAA, GLBA, and PCI-DSS. This eBook shows how industry leaders are modernizing their approach with advanced enterprise content management solutions...
Read More »

Related articles

Tuesday 28 October 2025

Avoid a Fright This Halloween: Modernize Before Legacy Payment Systems Haunt Your Operations

As Halloween approaches, banks and credit unions must keep an eye on more than just seasonal spooks. The real fright may be lurking in their…

Read the Blog

Monday 27 October 2025

Are Your Policy Exceptions Increasing or Decreasing?

Tracking loan policy exceptions is essential for risk mitigation and compliance. To keep examiners and auditors happy, however, financial institutions should go beyond basic reporting…

Read the Blog

Monday 20 October 2025

Improving Call Center Operations with Enhanced Information Management

Account holders expect excellent service, regardless of how they choose to interact with your financial institution. In-branch, online, and mobile channels receive considerable attention, but…

Read the Blog

Wednesday 15 October 2025

[Playbook] Unlock Value through the Combined Power of Your LOS and ECM

Here’s the situation: Your financial institution has invested considerable resources to acquire, configure, and optimize a modern LOS (loan origination system). Recently, you were chatting…

Read the Blog

Monday 13 October 2025

Modernizing Check Processing: How Banks and Credit Unions Can Bridge Legacy Systems with Real-Time Payments

Banks and credit unions are entering a transformative era where speed, transparency, and adaptability are the cornerstones of operational excellence. As the industry embraces instant…

Read the Blog

Tuesday 7 October 2025

3 Imaging Quality Control Strategies for Banks & Credit Unions

Implementing an enterprise content management system at your financial institution can unlock numerous benefits, including reduced reliance on paper, increased productivity, and enhanced support for…

Read the Blog

Tuesday 30 September 2025

Enterprise Content Management: The Key to Reputation and Compliance for Banks and Credit Unions

In a June 2025 press release, the Federal Reserve Board announced that reputational risk will no longer be a component of bank examinations. While this…

Read the Blog

Wednesday 24 September 2025

Improving Information Governance and Streamlining IT Work with FASTdocs

Modernizing a financial institution’s information management environment can be a big project, which is why some IT organizations simply maintain the status quo. At Alogent…

Read the Blog