LINCOLN, Neb., Jan. 11 /PRNewswire/ -- Check fraud is a growing
concern for the financial industry with nearly $5.5 billion in
check fraud attempts each year*. In response, the nation's banks
must leverage technology to detect and deter this activity. To
assist with this effort, Centrix Solutions, Inc. (http://www.centrixsolutions.com)
announces the release of the Exact/TMS(TM) positive pay system, a
comprehensive transaction management and account reconciliation
solution that features automation and efficiency for both the
financial institution and the corporate customer.
Traditional
positive pay software has been very labor intensive and cumbersome
for all involved. Exact/TMSÔ
offers financial institutions a highly automated web-based
positive pay solution that integrates with bank teller systems and
check image archives to further optimize fraud prevention efforts.
Exact/TMSÔ
is customizable at the corporate client level, which enables the
bank to better serve the customer.
Furthermore, automated email notification for exceptions,
check image viewing and on-line pay/return decisions for
exceptions make the system user friendly and convenient.
The data mapping utility enables the system to
automatically process issued check files that are native to
clients’ accounting systems without the need for custom
conversion programs or manual intervention.
North
Bay Bancorp, holding company for The Vintage Bank and Solano Bank
in Northern California, implemented Exact/TMS after corporate
clients began asking about account reconcilement and positive pay
services. “We were looking for a solution that would give us a
competitive edge, yet it was imperative the system be
automated,” states Suzette Junier, CIO of North Bay Bancorp.
“We did not want to create manual processes to manage
this service because manual processes are inefficient and create
risk. The Exact/TMS solution was a perfect fit for our
organization and our clients.”
Jeff
Asselin, Vice President of Centrix Solutions, said a primary
objective when developing the system was to streamline issued
check file management and daily exception item management.
“Our clients were telling us that positive pay must be
automated and efficient in order to be widely accepted beyond the
largest banks and the top tier corporations,” said Mr. Asselin.
“As a result, Exact/TMSÔ
is the most automated positive pay solution available for
financial institutions today.”
About
Centrix Solutions
Centrix Solutions, located in Lincoln,
Nebraska partners with financial institutions to help leverage
technology to achieve operational efficiency, enhance customer
satisfaction and increase sales.
With a product line that encompasses financial services,
human resources management and systems management, Centrix assists
clients with a broad array of strategic technology initiatives.
The Centrix professional services team works with clients
to evaluate technology needs, provide expert advice, and develop
custom solutions for unique business problems or systems
integration projects. Centrix
Solutions can be found at http://www.centrixsolutions.com.
About
North Bay Bancorp
North Bay Bancorp is the parent company of
two community banks in the North Bay Region of Northern
California, The Vintage Bank and Solano Bank.
Both subsidiaries are full service commercial banks
offering a wide selection of deposit, loan and investment services
to local consumers and small businesses. The Vintage Bank, opened in 1985, operates six offices in
Napa County, Northern California's #1 tourist destination and the
nation's premier wine-producing region.
The Bank's main office and two branches are located in the
City of Napa. Vintage
also has a branch in the City of St. Helena, a branch in the
industrial area of Napa County, a new branch in American Canyon
and an off-site ATM facility in Yountville.
Solano Bank, opened in July 2000, operates offices in the
primary cities along the I-80 corridor of Solano County.
The Bank's main office is located in Vacaville, with branch
offices in Fairfield, Vallejo and Benicia and an off-site ATM
facility in downtown Fairfield.
This region, projected to be the fastest growing county in
Northern California through year 2020, is attracting people with
its quality lifestyle, affordable housing and business-friendly
attitude.
*American Bankers Association Deposit
Account Fraud Survey Report.
CONTACT:
Centrix Solutions, Inc.
Bradley S. Johnson (402) 488-3990
bjohnson@centrixsolutions.com
SOURCE:
Centrix Solutions, Inc.
This release was issued through The Xpress
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