Bank Processing

Considering the Options: Hosted Environment and/or Service Bureau Processing

July 19, 2021 By In Bank Processing, Development, Digital Banking No Comments
In the ever-changing financial landscape, bank executives are often faced with many looming questions. These questions may involve operational decisions for their bank, including whether a hosted environment is a good fit for them versus self-managing their own environment. They might also consider if moving to a service bureau for processing would be more efficient [...]
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Growth Mindset

June 7, 2021 By In Bank Processing, Business Plans, Industry News No Comments
Since its inception in April 2016, IDS On-Time (IDSOT) has seen incredible growth. Many years have passed since our initial bank was onboarded, and we now process for 72 banks. We handle increasingly more processing tasks on behalf of our banks, and we have increased staffing levels significantly over the years. These are some of [...]
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It’s About Time

March 15, 2021 By In Bank Processing No Comments
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 [...]
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Insite Book View: Resolving Collection Perils for Non-Accrual and Charged-Off Loans

January 18, 2021 By In Bank Processing, Digital Banking No Comments
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 [...]
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Plaid Exchange Integration with Automated Systems’ Digital Banking Platform

December 21, 2020 By In Bank Processing, Community Involvement, Marketing No Comments
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 [...]
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Calendar with push pin stuck on March 19th

Are You Ready for March 19th, 2021?

August 31, 2020 By In Bank Processing, Industry News No Comments
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) [...]
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