Wire transfers are received for processing of payment for final settlement via an efficient online portal and over the phone. Posting and reporting of wire activity is automated to improve efficiency, decrease operating costs and reduce operational risk.

Facts:

• Automated online transfer module for processing outgoing and incoming member wires
• Extensive on-line history facilitates audit and research

Business Benefits:

• Fully automated online transfer module offers more security and efficiency than phone requests
• Online portal simple to navigate, with seamless upgrades and enhancements
• Requests subject to strict quality checks to assure proper formatting and routing
• Easy tracking and faster research with reported reference numbers
• Deferred expenses related to processing infrastructure and support