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Wire Transfer Automation
"Banker’s Toolbox provided a level of personal interest in addressing our needs that I had never experienced before with a vendor. The consulting team answered our questions in a fast and accurate manner, and I felt comfortable approaching them with anything. Although we finished our original implementation several years ago, Banker’s Toolbox still checks in with us frequently to ensure the system is functioning and see if they can help in any other ways.”
-Ging Siromaskul
Vice President BSA/Risk Management Officer
Devon BankRead More Testimonials
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Automated processing of wire transfers is a hallmark of a full-service financial institution. WirePro™ from Banker’s Toolbox™ enables you to satisfy customer requests through links to the leading cash management systems, while automating the entire back office workflow process. Your customers will be pleased with the service, and your staff will appreciate the ease of use — a win-win for everyone.
Practical and Affordable Wire Processing Automation.
- Interface to FedLine DOS/FedLine Advantage/SWIFT Alliance.
- Automated OFAC scanning, interdiction and quarantining.
- Incoming/outgoing wire validation, recordkeeping and reporting.
- Dual control and supervisor approval processes.
- Automated transactional posting to core systems (batch & hard posts, analysis & general ledger entries) delivered by such processors as Fiserv, Fidelity, Metavante, Jack Henry, OSI, Harland, among others.
- Automated template creation for outgoing wire applications to reduce manual inputs.
- Search capabilities with account numbers, amount and date ranges, names of originators/beneficiaries, OMAD/IMAD numbers, and reference information.
- Data warehouse for BSA record keeping requirement.
- Branch module for enterprise-wide real-time access and branch level wire origination (optional).
- Used by institutions running leading cash management systems such as E-corp, Net Teller, Digital Insight, S1, Qup, among others.
- Real-time customer notification via SMS text message or email (optional).
WirePro™ Branch Module
The WirePro™ Branch Module is designed to allow remote entry, lookup and user management at a branch or remote department. The module allows you to:
- Enter wire requests from a branch workstation
- Print a wire application in paper format for customer signature
- Create customer templates to be used for repetitive wires with pre-filled information
- Print management reports at the branch or department
- Conduct searches to locate customers and/or templates by account number, customer ID or name
- Manage security access for users at the branch level
The Branch Module is browser-based. The remote location must have access to the organization’s intranet to perform transactions.
Features of WirePro™
Data Collection
Retrieve incoming and outgoing wire data from Fedwire and SWIFT, and parse them into a SQL database.
Generate OFAC Suspect List
Scans all fields which are subject to OFAC scan for both Fedline and SWIFT.
OFAC Database
Uses enhanced SDN list to scan your transactions and flag potentially suspicious items, including cover payment messages.
Host Account Name
Compare the beneficiary data with the host account numbers and names.
Categorize Wires
Validate beneficiary account information on incoming wires against the host account information.
Conduct Research
Conduct searches on incoming and outgoing wires.
Create Credit
Post funds on customers or holdover accounts and offset the same from a dedicated offset account.
Automatically Waive Wire Fee
Automatically waive wire fees when posting wires to customer accounts.
Print Wire Reports
Print various reports showing all wires on any given date, account number, or amount (query driven).
Print & Send Wire Notification
Print wire notices with customer’s address and wire details (for mailing).
Send Real Time Notification (Optional)
Send real time notification by email and text messaging to cell phones.
Contact Us Today
From transactions to record keeping, WirePro™ affordably manages the entire wire transfer process. When you partner with Banker’s Toolbox,™ you can be assured of proven performance and top customer support. Contact us today to see how WirePro™ can be integrated into your current environment.
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Banker's Toolbox sets itself apart from the competition by being a software company for bankers designed by bankers. Customer Service seen as part of a holistic approach to preventing money laundering and fraud. "It's simple — I believe happy employees will create happy customers," Cho said. "We try really hard to make work fun, and we also believe in sharing what we earn." With wire fraud on the rise, Banker’s Toolbox provides real-time prevention technology for community financial institutions |
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