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Published each year, WBA members receive a complimentary edition in November of this handy resource detailing financial institution information and statistics in both Montana and Wyoming. Additional copies are available, for more information, contact Cheryl Johnston at (307)-638-5008
Compiled annually, by the Montana Bankers Association, this survey provides valuable salary information for banks of all sizes. Members who participate in the survey receive a copy for the cost of $50. Non-participating banks may also purchase the survey. For more information, contact Cheryl Johnston at (307)638-5008
Fraud-Net is a secure Website that gives bankers the opportunity to quickly and easily alert other institutions and law enforcement agencies about fraudulent activities and robberies. Posters can attach photographs of suspects, copies of fraudulent checks, drivers licenses and still-tape footage.The information is separated into categories based on the region of the state and the different types of fraud. Users designate the states in which they have a primary interest, and receive e-mail alerts each time new information is posted to those areas. There are also categories for state regions, national and robbery alerts.WBA is responsible for the day-to-day management of the system. To ensure that the site's sensitive information does not fall into the wrong hands, new users must be approved by an administrator. To prevent excessive alerts and irrelevant information from being posted, new alerts must also be approved by WBA-designated moderators.Although users receive e-mail alerts when new information is posted to their selected area, none of the sensitive information from the postings is ever sent through e-mail; the alerts simply notify the user of a new alert posting in their region.Fraud-Net is available free to all WBA members, law enforcement professionals and regulators.What is Fraud Net? Fraud Net can be accessed at http://www.fraud-net.com
About Deluxe...The World’s Largest Check Printer Deluxe Financial Services leads their industry in market share. They serve thousands of financial institutions of all sizes with a commitment of providing outstanding customer experiences.Those customer experiences translate directly to satisfaction, loyalty and revenue. The drive to deliver outstanding experiences pervades the entire Deluxe organization, from their world-class call centers and manufacturing facilities to their executive offices.Deluxe Financial Services builds on their in-depth knowledge of consumer preferences and check buying patterns to deliver measurable results. These results are tied to four key business objective their research has told them matters most to the banking industry:
To find out how your bank can join the WBA-endorsed Deluxe program, call Terry Davin at 1-800-933-2211, ext. 9071 or email Terry at terry.davin@deluxe.com.Visit their website at www.deluxe.comFor more information, contact Cheryl Johnston at (307)638-5008
UVeritech manufactures and distributes the Fraud Fighter line of high quality ultraviolet scanning devices. These units are used to verify the authenticity of
and many other important documents and have been shown to very successfully reduce fraud at POS locations. These scanners are used by a large number of American business's including many of the countries largest banking and retail companies as well as State and Federal Government offices. Substantially reduced pricing is available though the WBA. UVeritech , in cooperation with State Banking Associations, has also announced the availability of the FF-1000 Fraud Fighter Currency Counter/Counterfeit Scanner . This units are now available to your organization “factory direct”. Please ask for details.
The WBA is pleased to offer this special program in conjunction with the American Bankers Association, with pricing exclusively for bankers association members. Click on the banner and register or click here to print the catalog/order form (PDF version) and follow the instructions.
SecureWorks is the world's provider of managed Internet security service for community banks, protecting more than 700 corporate networks from hacker attacks. They are the only service that prevents network intrusions at the perimeter, firewall and host levels; monitors client networks 24x7; and provides ongoing vulnerability assessments. SecureWorks delivers rock-solid Internet security with NO hassles, NO headcount, and NO capital outlay. www.secureworks.com
First Payment Services can supply your bank with a customized program for either a strategy of customer acquisition or the income model. This program will:
According to a recent Unisys study 50% of Consumers insist financial institutions remain vigilant in protecting their privacy and would switch institutions for better protection With the recent widespread coverage of high-profile security breaches consumers have started taking action to ensure their personal information is protected. Consumers have become the primary driving force of security and privacy initiatives. This certainly affects financial institutions.Please give John Kimlinger a call at 307-421-0180 to set an appointment for a presentation.
JOHN M. FLOYD & ASSOCIATES OVERDRAFT PRIVILEGE PROGRAM JMFA’s overdraft privilege program is a structured way for a financial institution to allow its account holders to overdraw their transaction accounts subject to pre-established limits. It benefits account holders by sparing them the embarrassment of dealing with a bounced check at their local retailer, and by charging them only one single NSF fee through the financial institution. The fee to pay a check is usually the same as the fee for a returned check (insufficient funds or NSF item). JMFA’s overdraft privilege program benefits the financial institution by generating more transactions, using more of the financial institution’s capacity and boosting its non-interest income.
Group Life, Medical, and Dental Coverage PAST
PRESENT
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Chairman: Cynthia Cheney, First Security Bank, Bozeman, MT For more information, contact Amy Jenks (1-877-443-0520), Jim Edwards (1-877-343-1060), or visit the HealthServe website at www.healthserve.info.
Promontory Interfinancial Network In March, Wyoming joined the growing list of states that allow the use of CDARS for the investment of public funds. A new state law expressly authorizes investment of state and local government funds through the CDARS service. With CDARS, banks can offer a customer up to $25 million in Federal deposit insurance coverage. Because of the premium placed on safety by public bodies, the treasurers and finance committees of state and local governments are subject to investment policies and restrictions. Uninsured deposits may have expensive collateral requirements, which make investing in uninsured CDs complicated and costly. With CDARS, deposits in banks generally do not require collateralization – and investors can earn CD level rates. That means that, for municipalities and other public sector entities, CDARS can be a valuable tool either for cash management or for longer-term investment. Public units can avoid the hassle of tracking collateral, working with multiple banks, or using private surety bonds. And – because of the way CDARS works – the money that public units deposit in effect remains at work supporting lending opportunities in the community. How does it work? Members of the Promontory Interfinancial Network offer CDARS. More than 1100 banks are committed to the Network. When a customer places a large deposit with a Network Member, the bank arranges for the placement of the funds into CDs issued by other Network Members, in increments of less than $100,000 to ensure that both principal and interest are eligible for full FDIC protection. With help from a sophisticated matching system, Network Members exchange deposits dollar for dollar, bringing the full amount of the original deposit back to the bank. From the customer's perspective, it is like dealing with one bank – one point of contact, one statement. For more information, call 1-866-766-6424, or visit www.promnetwork.com .
Platinum Overdraft I Deposit Score | Tech Consulting | Management | Online Banking Solutions | The following companies are co-endorsed by WBA and the American Bankers Association (ABA).
DESCRIPTION: BACKGROUND: MARKET PROFILE :All commercial banks, savings & loans and thrift institutions. BENEFITS OF PROGRAM:
DEPOSIT SCORE – Sheshunoff & Co. DESCRIPTION: KEY FEATURES :
MARKET PROFILE : All commercial banks, savings & loans and thrift institutions.BENEFITS OF THE PROGRAM :
BACKGROUND: Over the past 30 years, Sheshunoff Management Services has built a national reputation among bankers for helping their institutions become significantly more profitable, gain lasting competitive advantages, and prepare them to meet major new challenges. With the addition of Deposit Score, Sheshunoff Management Services offers a software solution to significantly improve overdraft programs.
DESCRIPTION: High-impact, value-added business process enhancement, fee income enhancement and technology consulting services designed to significantly improve the bank's bottom line and gain competitive advantages for both the short and long term. The Technology and Process Improvement consulting services include: Technology Solution
Process Improvement
BACKGROUND: Over the past 30 years, Sheshunoff Management Services has built a national reputation among bankers for helping their institutions to become significantly more profitable, gain lasting competitive advantages, and to prepare them to meet major new challenges. With a staff of senior banking and consulting professionals, Sheshunoff Management Services offers insights, perspectives, and skills that address complex business problems quickly and efficiently. Most importantly, the firm provides implementation and follow-through support. MARKET PROFILE: All commercial banks, savings & loans and thrift institutions. BENEFITS OF PROGRAM:
MANAGEMENT – Carreker Corporation SOFTWARE SOLUTION FOR IMPROVING CASH INVENTORY EFFICIENCYBACKGROUND AND DESCRIPTION: Excess cash inventories, combined with ad hoc processes, unnecessarily increase operating risk and expense. Yet for most financial institutions, predicting cash inventories and managing armored carrier expenses in a dynamic environment has been an elusive goal. iCom is a Web-based solution for branches, ATMs, vaults and transportation providers that optimizes the entire cash supply chain, resulting in cash inventory and expense reductions of 20 to 40 percent. Scalable for any size institution, iCom allows cash supply chain data and tools to be securely accessed, managed and shared – from any desktop, at any time, and from any location. Moreover, deployment of the iCom solution is flexible and cost effective. Secure access can be offered to any number of authorized personnel and third-party vendors without expanding your current network or legacy systems. No installation is required at the user level, so changes and upgrades are quickly accomplished. More than 60 financial institutions worldwide have implemented Carreker's cash solutions. iCom is part of Carreker's end-to-end suite of integrated, Web-based solutions designed to improve efficiency, reduce expenses and manage risk throughout vault, ATM and branch operations. New! iCom QE: :Now iCom has been streamlined and updated to be more affordable and user-friendly through a subscription-based service accessible via the Web. iCom QE delivers the proven benefits of iCom without the expense and maintenance associated with installed software, while still providing cash inventory and expense reductions between 20 to 40 percent The bank's employees and trusted vendors can use it to securely access, manage, and share currency supply chain data at any time, from any desktop via the Internet. MARKET PROFILE:iCom's Application Service Provider technology is primarily designed for installation and operation at community and mid-size banks, generally those with assets of less than $5 billion. iCom QE can be used by financial institutions of any size. BENEFITS OF THE SOLUTION:
FRAUD PREVENTION SOFTWARE SOLUTION FraudLink ® PC FraudLink ® ACHeCK FraudLink ® Kite
FraudLink PC and FraudLink Kite are primarily designed for installation and operation of financial institutions of all sizes. FraudLink ACHeCK is an add-on module of FraudLink PC and is designed for installation and operation at financial institutions of all sizes.
ONLINE BANKING SOLUTIONS – Digital Insight DESCRIPTION: Digital Insight® empowers financial institutions to provide internet-based financial solutions to their retail and commercial customers via a cost-effective, outsourced service. Through Digital Insight's Online Banking Solutions, community financial institutions can increase profitability and compete against the largest and most sophisticated financial institutions. As the largest provider of Internet banking services in the United States, Digital Insight serves more than 1,700 financial institutions and 5.7 million consumer end users. CONSUMER SOLUTIONS: With Digital Insight's Consumer Solutions, your “Internet branch” serves as the financial hub for all your end users' online banking needs and strengthens your brand and image. Consumer Solutions enable community banks to market and sell new products, increase revenues, satisfy end users,and build longer lasting relationships – all with minimal demand on the bank's existing infrastructure and resources. With a third-generation user interface, Consumer Internet Banking services include:
BUSINESS BANKING: Digital Insight's market-leading Business platform enable financial institutions to package, price, deploy and administer online business banking solutions tailored to the specific needs of multiple market segments, from small or home office to large multi-national corporations. With this sophisticated, scalable online cash management solution, your commercial customers can manage their cash positions at all times. Financial institutions can take advantage of Digital Insight's product implementation expertise, state-of-the-art data center, on-going support, and comprehensive product training. Additional features and products:
WEB CENTER: Web Center is Digital Insight's next-generation Web platform designed to empower banks to manage their Web sites without technical training and meet business goals. Powerful, user-friendly administrative tools enable users to easily edit content, upload documents and images, and manage dynamic content such as rates. PROGRAM BENEFITS: Digital Insight is committed to ensuring that small- to mid-size financial institutions can compete with larger institutions with the best Internet Banking solution in the market today. Digital Insight provides these institutions with a cost-effective, outsourced service—branded in the institution's name—that enables them to offer their customers the same services that many of the top banks offer.
FINANCIAL MARKETING STRATEGIES - The Affinion Group • Relationship Banking StrategiesDESCRIPTION and BACKGROUND: Customized retail strategies that can be designed around the bank's specific goals for customer retention or acquisition in the middle, mature, student, affluent and emerging affluent market segments. Strategies are fully developed to include employee product and sales training and motivation, internal and external advertising and promotion, follow-up tracking and analysis and on-going promotional consultation. Affinion Group is a leading provider of retail strategies that offer banks opportunities to strengthen and build profitable customer relationships. MARKET PROFILE: Banks with at least $25 million in assets with a retail focus. BENEFITS OF THE PROGRAM:
DESCRIPTION and BACKGROUND: Allows banks to offer $1,000 of complimentary accidental death and dismemberment insurance at no cost to the DDA, credit card or mortgage customers. Additionally, at the time of the offering, the customer has the option to purchase additional amounts of insurance at a low monthly charge. Currently over 4600 financial institutions implement the Customer Appreciation Program. They range in size from small, rural community banks to the nation's largest financial service organizations. There is no cost to the bank to offer the program. MARKET PROFILE: All banks with at least 2,000 DDA customers BENEFITS OF THE PROGRAM:
COMPANY ADMINISTERING THE PROGRAMS: CAB CONTACTS:
CASH SWEEPsm PROGRAM – SEI Investments Designed to help community banks attract and retain key commercial accounts, the ABA-sponsored CashSweeps program offered through SEI Investments is a turnkey, automated system that sweeps excess commercial DDA balances into selected money market mutual funds. The program offers an integrated approach to building cash sweep services and oversees all aspects of the implementation process. Components include software implementation, technical training, extensive marketing support, and ongoing consulting services.
ABA-SPONSORED XEROX PROGRAM – Xerox This program provides special pricing through Xerox Corporation on a wide range of Xerox products. Xerox offers solutions for large or small banks, individuals and workgroups requiring high-volume jobs or everyday correspondence. Whether you need to create crisp black-and-white or high-impact color documents, Xerox has the perfect product to meet your needs. Banks can save on the full Xerox product line including black-and-white and color copiers, laser printers, facsimiles, electronic publishing systems and a whole line of multifunction devices which copy, fax, print and scan all in single unit. HOW TO PARTICIPATE: For more information, please contact your local Xerox sales representative or authorized sales agent, and mention the ABA discount. To locate a Xerox representative near you, call the bankers hotline at 1-800-ASK-XEROX (275-9376) ext "BANK". Important: Make sure you reference the ABA contract number 0706438 when you purchase or lease your Xerox machine. Xerox Corporation XEROX OFFICE PRINTERS, COPIERS, MULTIFUNCTION SYSTEMS
DESCRIPTION: To help banks efficiently and accurately manage the BSA and AML functions, the Wyoming Bankers Association is pleased to offer its endorsement of the AML transaction monitoring software solutions Fortent ® AML and Fortent ® Hosted AML. Both enterprise and hosted versions of Fortent's AML software employ advanced intelligent systems technology to develop dynamic individual customer profiles. By analyzing every transaction, every account and every customer across all product lines, this risk-based solution detects both known money laundering scenarios and previously unknown suspicious behavior. AML/CFT patterns are constantly changing. Focused, accurate alerts yield quality investigations and enhance staff efficiency. The system automates the process of identifying and reporting suspicious activity in a more accurate and efficient manner than what can be typically accomplished manually. Transaction monitoring systems load a bank's transactional data into the application. The software then looks at the data to identify transactions that it views as potentially suspicious. The Fortent solution offers a multi-layered detection system, including rules, adaptive rules driven by behavioral profiles, and contextual-based analytics. The system continuously learns from transactions and customer behavior and updates itself without direct user intervention so new rules and AML scenarios are created automatically. The solution monitors and assesses every transaction for each individual account, and immediately notifies bank compliance staff when further investigation may be needed. The Fortent solution offers a comprehensive investigative function that conveniently pulls together the various pieces of data necessary for building, tracking and reporting cases. MARKET PROFILE: Any size bank can potentially use the Fortent solution. Depending on the size and reach of the organization, Fortent offers an enterprise version to be installed and managed within the organization, and a hosed version for institutions looking to gain efficiencies and that may have fewer accounts and/or smaller geographic coverage. Customers include Bank of Tokyo-Mitsubishi, Chevy Chase Bank, Commerce Bank, Fifth Third, First Tennessee National Corp., Marshall & Ilsley Bank, ScotiaBank, and Washington Mutual. The system is accessed via Web-based user interface for alert handlers, system administrators, and AML policy managers. The Fortent solution is currently available via a license or on hosted arrangement. SOLUTION HIGHLIGHTS:
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