Press Releases
Modern Banking Systems and AudioTel Offer Free Webinar on Merchant Capture and the Benefits it Provides to Financial Institutions and Commercial Customers
Ralston, NE--August 14, 2007--Modern Banking Systems (MBS), a leading provider of in-house data processing solutions for community banks, today announced the availability of a free webinar for its customers. The webinar will examine the benefits Merchant Capture provides to financial institutions and their commercial customers.
MBS will offer this informational webinar August 29th at 9:30a.m. CDT in conjunction with business partner, AudioTel Corporation, who specializes in software for financial institutions. AudioTel's financial services have been an integrated component of the MBS Solution since 1995. "We want our bank clients to have the opportunity to offer Merchant Capture to their customers who want improved funds availability and cash flow, reduced costs, and a convenient way to make their daily deposits. This product allows the financial institution to transfer the processing of checks from their back office to their commercial customer's place of business securely and conveniently. We're excited to present this webinar to inform our customers of the tremendous benefits Merchant Capture offers," said Robert Neville, President of MBS. The webinar is designed to help educate MBS customers of the outstanding solution for secure remote capture to further meet the needs of their account holders. MBS customers interested in attending should go to http://www.modernbanking.com/ to register for the webinar. Enter the meeting ID# 924741978 in the GoToMeeting box and complete the required information. About Modern Banking Systems: Headquartered in Ralston, NE, Modern Banking Systems (MBS) is a core data processing provider supplying the industry's finest on-premsie, complete banking solution. Superior software, flexibility, ease of operation, quick access to critical management information, reliability and cost effectiveness are key system features. Contact: Robert Neville, President, at 402-592-5500. For additional information, please visit the website at http://www.modernbanking.com/. About AudioTel Corporation: AudioTel Corporation specializes in software for financial institutions, offering a wide range of products and services to address the challenges they face. AudioTel offers integrated solutions for item processing, imaging, remittance, and document managemnt, as well as the optimum in Internet banking, Telephone banking, and Web site design and hosting. AudioTel is based in Addison, Texas, 20 miles north of downtown Dallas. Founded in 1993, AudioTel's customer base has grown to over 1,000 financial institutions across the country. For more information about AudioTel, visit their website at http://www.audiotel.com/. Modern Banking Systems Offers Internet Images Ralston, NE—August 14, 2006—Modern Banking Systems (MBS), a leading provider of in-house data processing solutions for community banks, today announced the availability of Internet Images. MBS Internet Images offers banks the ability to provide check image requests via their Internet Banking application for their customers 24/7. Bank customers will have the convenience of researching their own cleared check images from home or anywhere they are securely connected and authenticated. Key features of MBS Internet Images include: - Customer access to Internet Images will free bank personnel to perform other duties.
- Internet Images compliments the bank's customer service function by providing cleared images on demand daily.
- MBS Internet Images enhances the bank's competitive position in the marketplace.
- Internet Images can be provided via the bank's internet provider in a safe and secure manner.
"We are excited to present Internet Images to our customers," said Robert Neville, President of MBS. "We believe this provides a great marketing opportunity and enhances the bank's competitive position in the marketplace." About Modern Banking Systems: Headquartered in Ralston, NE, Modern Banking Systems (MBS) is a core data processing provider supplying the industry's finest on-premise, complete banking solution. Contact: Robert Neville, President, at 402-592-5500.
Bank of Nebraska Goes Live with FedReceipt Electonic Image Presentment Ralston, NE—May 5, 2006—Bank of Nebraska, a premier financial institution in the Omaha, Nebraska trade area, began live transmission today of the new FedReceipt product of the Federal Reserve Bank and Modern Banking Systems core electronic image cash letter service. As a certified vendor of this service, Modern Banking Systems has expanded the choices for presentment for the community bank. FedReceipt gives you the ability to move to electronic check receipt maximizing the bank's efficiency and electronic processing. Image cash letters are presented in the Federal Reserve Banks' version of DSTU X9.37 format. Electronic presentment can reduce your check processing costs and resources by decreasing in-house sorting and image capture. In addition, you may be able to receive your presentment files much earlier and reduce reject rates. Using FedReceipt may qualify you for a discount on Reserve Bank deposits. About Modern Banking Systems: Modern Banking Systems provides a leading comprehensive turnkey core in-house processing solution to over 300 community banks across the country ranging in asset size of $5 million to over half a billion. The core accounting system is fully complemented with a complete set of capture solutions including low/medium/high speed item image capture; full document image systems; an extensive Management Reporting module to include interest rate risk assessments, liquidity, risk based capital, board reporting, and budgeting; platform automation; I.T. Security Services; and ongoing hardware and software maintenance services all from one source. Modern Banking Systems is your total ONE COMPANY, ONE SOLUTION partner!
Modern Banking Systems and Compliance Systems Team Up to Offer MBS Customers Free Informational Webinars on HSAs Ralston, NE—April 24, 2006—Modern Banking Systems (MBS), a leading provider of in-house data processing solutions for community banks, today announced the availability of free webinars on Health Savings Account (HSA) opportunities for MBS customers.
HSAs, which are IRA-like accounts, combined with a high deductible health plan are designed to pay for medical expenses. Contributions to HSAs are tax deductible, enjoy tax-deferred earnings until distributed, and if used to pay for qualified medical expenses, both contributions and earnings are withdrawn tax-free.
MBS teams up with long-time business partner, Compliance Systems, Inc. (CSi) to deliver the HSA webinars. CSi provides HSA document and compliance support and its HSA documents are integrated in the MBS Deposit System to enable automated completion of the HSA documents.
“We are excited to present these webinars to our customers to help them start thinking seriously about HSAs as a new product offering,” said Robert Neville, President of MBS. “We think the opportunities are tremendous and know our MBS-CSi HSA solution can help jump-start their efforts and make the HSA product launch as smooth as possible.”
“Bank of Nebraska has been researching and developing an HSA program since May of 2005, “ said Jeff Kindig, HSA Administrator for Bank of Nebraska. “We selected the MBS-CSi solution to provide the back office HSA support we needed. Since implementing the program in December of 2005, Bank of Nebraska has opened over 200 accounts and has created a new source of deposit growth.”
Scheduled for May 10 and 11, the webinars are designed to help MBS customers gain a market perspective, better understand the opportunities and learn how to start offering HSAs. MBS customers interested in attending should contact Jim Lincoln at 402-592-5500.
About Modern Banking Systems: Headquartered in Ralston, NE, Modern Banking Systems (MBS) is a core data processing provider supplying the industry’s finest on-premise, complete banking solution. Contact: Robert Neville, President, at 402-592-5500.
About Compliance Systems, Inc.: Headquartered in Grand Rapids, MI, for over 25 years, CSi’s products have addressed the unique needs of the lending, deposit and tax-favored account functions at financial institutions throughout the U.S. Contact: Cindy Roggenkamp, Vice President, at 800-968-8522 ext. 214 or Regional Office 218-961-6003. http://www.compliancesystems.com/.
Bank of Nebraska Goes Live on FedForward Electronic Image Presentment LaVista, Nebraska -- October 25, 2005 – Bank of Nebraska, a premier financial institution in the Omaha, Nebraska trade area began live transmission today of their nightly cashletter via the new “X9.37” FedForward product of the Federal Reserve Bank and Modern Banking Systems core electronic cashletter creation file service. As a certified vendor of this service, Modern Banking Systems has expanded the choices for presentment for the community bank. This new digital transmission of your nightly outgoing cashletter gives you the ability to electronically transmit your cashletter MICR and Images to the Federal Reserve or other third party intermediary via the new “X9.37” format established under the Check Truncation for the 21st Century Act. A major benefit of FedForward is clearing your funds quicker. In addition, FedForward helps you improve the efficiency of your payment and back office systems, and eventually lead to transportation reductions. About Modern Banking Systems
Modern Banking Systems provides a leading comprehensive turnkey core inhouse processing solution to over 300 community banks across the country ranging in asset size of $5 million to over half a billion. The core accounting system is fully complemented with a complete set of capture solutions including low/medium/high speed item image capture; full document image systems; an extensive Management Reporting module to include interest rate risk assessments, liquidity, risk based capital, board reporting, and budgeting; platform automation; I.T. Security Services; and ongoing hardware and software maintenance services all from one source. Modern Banking Systems is your total ONE COMPANY, ONE SOLUTION partner!
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