Bank Processing

It’s About Time

Banking is one of those mature industries that has historically enjoyed a slower pace of change. Universal, societal adoption of newer technology is forcing financial institutions to pick up the pace. This industry-wide quickening is always accompanied by the trend-watchers and salesmen that peddle seemingly guaranteed success if you adopt their newest technology offering (or [...]

ACH Cut Off Times

With the addition of the third same day ACH window effective March 19, 2021, many banks are pushing back the times they are starting their updates to move the core system into the next processing day to ensure they are in compliance with NACHA rule 3.3.1.2 - Availability of ACH credits that are same day. [...]

Insite Book View: Resolving Collection Perils for Non-Accrual and Charged-Off Loans

Banks don't like to place loans on Non-Accrual (NA) or Charge-Off (CO) unless there is an absolute need to. To complicate the process more, customers must not be tipped off that this has been done, especially if they are still trying to make payments. More often than not, examiners and auditors are pushing towards erring [...]

Plaid Exchange Integration with Automated Systems’ Digital Banking Platform

Automated Systems, Inc. (ASI) has announced their integration with Plaid Exchange, a data network powering over 3,000 fintech apps and services, such as Venmo, Acorns, Digit, and YNAB. Using Plaid Exchange, a token-based Application Programming Interface (API), within the ASI digital banking platform will enable your customers to easily and securely connect their financial accounts to [...]
Calendar with push pin stuck on March 19th

Are You Ready for March 19th, 2021?

March 19th is a big day for the Automated Clearing House (ACH) network. This date marks the scheduled start of the next Same Day ACH expansion. This rule provides an additional two hours for item submission each day, allowing for a third submission window. Items input into the Fed by 4:45 pm ET (3:45 CST) [...]