ATTUS Technologies, Inc. Launching Its Enhanced WatchDOG® Wire Regulatory Compliance Software For Financial Institutions - Insurance News | InsuranceNewsNet

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October 6, 2011
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ATTUS Technologies, Inc. Launching Its Enhanced WatchDOG® Wire Regulatory Compliance Software For Financial Institutions

<div class="xn-content"><p><span class="xn-location"><location value="LU/us.nc.charlt" idsrc="xmltag.org">CHARLOTTE, N.C.</location></span>, <span class="xn-chron"><chron>Oct. 6, 2011</chron></span> /PRNewswire/ -- <a href="http://www.attustech.com/"><org>ATTUS Technologies Inc.</org></a>, an affiliate company of <a href="http://csiweb.com/"><org value="OTC-PINK:CSVI" idsrc="xmltag.org">Computer Services, Inc.</org></a> (CSI) (OTCQX: CSVI) and a leading regulatory compliance solutions provider, today announced its enhanced <a href="http://www.attustech.com/compliance-software/watchdog-wire-software.aspx">WatchDOG® Wire</a> Software is ready for release when Federal Reserve changes go into effect <span class="xn-chron"><chron>Nov. 19, 2011</chron></span>.</p><p>(Logo:  <a href="http://photos.prnewswire.com/prnh/20081118/ATTUSLOGO">http://photos.prnewswire.com/prnh/20081118/ATTUSLOGO</a> )</p><p>"WatchDOG<sup>®</sup> Wire keeps money out of the hands of terrorists, money launders and drug dealers," said <org>ATTUS Technologies, Inc.</org> President and CEO <span class="xn-person"><person>Tom Fedell</person></span>.  "What ATTUS Technologies is doing with its regulatory compliance software is helping our customers protect <span class="xn-location"><location value="LC/us" idsrc="xmltag.org">the United States</location></span> from potential enemies, both foreign and domestic, by helping them assure BSA/AML and OFAC compliance.  Our software alerts institutions to terrorist watch-list hits, before money changes hands."</p><p><a href="http://www.frbservices.org/campaigns/remittance/index.html?id=58&loc=3">The Federal Reserve Banks</a> "will be implementing a new message format to support extended-character business remittance information, and improved cover payments solution, a new field to support payment notification and better alignment with the SWIFT message formats."  ATTUS' WatchDOG<sup>®</sup> Wire is ready for these upcoming changes.</p><p>In addition to <a href="http://www.attustech.com/bsa-aml/bsa-aml.aspx">BSA/AML compliance</a>, WatchDOG<sup>®</sup> Wire handles financial institutions' compliance with the U.S. Treasury Department's <org>Office of Foreign Assets Control</org><a href="http://www.attustech.com/ofac/ofac.aspx">(OFAC)</a> with real-time screening of incoming and outgoing wires for potential OFAC terrorist watch-list hits.  Failure to comply with BSA/AML or OFAC regulations can result in costly, if not devastating, financial penalties.</p><p>WatchDOG<sup>® </sup>Wire enables institutions to mark and track any potential risk related to a customer or transfer.  It also creates default reports with frequency and amounts of wires by date and/or customer as well as wire funds velocity by account number and time period.  Both reports simplify the analysis necessary to comply with BSA/AML.</p><p>"Our entire wire process has been enhanced as we are able to process wires faster and more efficiently – while complying with OFAC," said <span class="xn-person"><person>Melanie Main</person></span>, of <a href="https://www.savingsinstitute.com/index.php?"><org value="ACORN:308681971" idsrc="xmltag.org">Savings Institute Bank & Trust</org></a>.</p><p>WatchDOG<sup>®</sup> Wire minimizes errors by automatically validating ABA routing numbers; reducing the amount of work and time spent by an institution's staff by streamlining the wire creation and approval process; enabling the creation of wire templates for recurring transactions; and providing quick access to and facilitating the assignment and auditing of all transaction information.</p><p>"The wire transfer process remains one of the most labor-intensive processes for financial institutions," Fedell said. "And that's why we created the industry-leading WatchDOG<sup>®</sup> Wire, an easy-to-use compliance software solution. These behind-the-scenes enhancements are to stay ahead of federal regulatory compliance requirements without changing functionality for our customers.</p><p>"These are reasons financial institutions like <a href="http://www.langleyfcu.org/index.html"><org value="ACORN:3310827946" idsrc="xmltag.org">Langley Federal Credit Union</org></a>, <a href="http://horizonbanktexas.com/"><org value="ACORN:1890422212" idsrc="xmltag.org">Horizon Bank</org></a>, <a href="http://www.empirenb.com/">Empire National Bank</a> and <a href="https://www.southwbank.com/"><org value="ACORN:4164775611" idsrc="xmltag.org">SouthWest Bank</org></a> have turned to ATTUS' WatchDOG<sup>®</sup> Wire to assure regulatory compliance," Fedell said.</p><p><b>About <org>ATTUS Technologies, Inc.</org></b></p><p><org>ATTUS Technologies, Inc.</org> is an industry leader in software and services for regulatory compliance, homeland security and fraud prevention.  ATTUS serves over 4,500 clients comprised of Financial Services, Insurance, Software, Healthcare, Pharmaceuticals, Energy & Utilities, Wholesale Goods, Travel & Leisure, Real Estate, Non-profit, Retail and more.  ATTUS' solutions provide compliance with the requirements of the Gramm-Leach-Bliley Act (GLBA), the <span class="xn-location"><location value="LC/us" idsrc="xmltag.org">USA</location></span> PATRIOT Act, the <org>Office of Foreign Assets Control</org> (OFAC), the <org value="ACORN:2244954530" idsrc="xmltag.org">Financial Crimes Enforcement Network</org> (FinCEN), the <org>Bureau of Industry and Security</org> (BIS), anti-money laundering regulations, the Bank Secrecy Act (BSA), Regulation CC and Regulation E.  ATTUS, a wholly owned subsidiary of <org value="OTC-PINK:CSVI" idsrc="xmltag.org">Computer Services, Inc.</org>, is based in <span class="xn-location"><location value="LU/us.nc.charlt" idsrc="xmltag.org">Charlotte, N.C.</location></span>   For more information about ATTUS, visit <a href="http://www.attustech.com/">www.attustech.com</a>. </p><p><b>About <org value="OTC-PINK:CSVI" idsrc="xmltag.org">Computer Services, Inc.</org></b></p><p><org value="OTC-PINK:CSVI" idsrc="xmltag.org">Computer Services, Inc.</org> (CSI) delivers core banking, payments processing, Internet, card services, risk assessment, fraud prevention, network management, regulatory compliance and document delivery solutions to financial institutions and corporate entities across the nation.  Technology planning, personal account management and world class customer service explain why CSI is known as one of the nation's premier providers of technology solutions for the financial services industry.  CSI's stock is traded on the OTCQX under the symbol CSVI.  CSI is based in <span class="xn-location"><location value="LU/us.ky.padcah" idsrc="xmltag.org">Paducah, Ky.</location></span>  For more information about CSI, visit <a href="http://www.csiweb.com/">www.csiweb.com</a>. </p><p><i>For more information, contact:</i><br /><i><span class="xn-person"><person>Jalana Ballen</person></span>, Marketing Director  </i><br /><i>888.494.8449 or </i><a href="mailto:[email protected]"><i>[email protected]</i></a></p><p>SOURCE <org>ATTUS Technologies, Inc.</org></p></div>

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