October 30, 2007

To monitor its growing volume of automated clearing house (ACH) transactions, Fremont, Calif.-based Fremont Bank rolled out the ACH Clarity product from Laru Corp. (El Dorado Hills, Calif.). ACH Clarity, which runs as a complementary platform to Fremont's core ACH processing system, monitors incoming and outgoing ACH traffic among participating financial institutions.

Using ACH Clarity, Fremont Bank's deposit operations staff receives daily alerts and reports that identify pipeline anomalies. These capabilities have given the bank an automated means to identify potentially troubling transactions and efficient tools to research the source of the issues, according to the bank. In addition, information that historically took hours to compile is available within seconds.

"From the beginning of implementation, Laru's ACH Clarity product has provided Fremont Bank with vital information concerning ACH activity on customer accounts," said Patti Greenup, director of deposit operations at Fremont Bank, in a release. "Because of ACH Clarity, we have now achieved scalable efficiencies that allow the bank to expand our existing controls and decrease our levels of ACH risk exposure while providing increased protection for our customers."

Commerce Bank Taps Online Banking Solutions

Commerce Bank (Kansas City, Mo.) has implemented the Online Messenger system from Atlanta-based Online Banking Solutions. The Online Messenger system provides an alerts service for client notifications of positive pay exceptions, controlled disbursement information and wire transfer advices. Commerce Bank's rollout plan for the system includes additional event-based information delivery and secure file transfer as driven by customer adoption method, according to the bank.

UBI implements BankServ TurboSwift

Union Bank of India (Mumbai) has gone live on the latest version of San Francisco-based BankServ's TurboSwift and TurboRMA solutions to manage all payments by the year-end SWIFTNet C1 country deadline. TurboSwift is an advanced, full-featured and fully compliant SWIFT computer-based terminal (CBT) software package. It features a choice of industry-standard Windows NT or Unix platforms and flexible connectivity with many integrated hosts, network, telex and application interfaces, the vendor says. TurboRMA supports the switch from bilateral key exchange protocol to a relationship manager application.

Glenview Deploys Metavante CLOS Technology

Glenview State Bank (Glenview, Ill.) has implemented Metavante's (Milwaukee) Consumer Loan Origination System (CLOS). CLOS is a Web-based solution that streamlines customer loan processing and enables lenders to access customer- relationship data from their core banking systems and supplementary data from external sources, such as credit bureaus, according to Metavante. It also supports a variety of loans, including home equity, home equity lines of credit, auto, recreational vehicle, and secured and unsecured loans.

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