Publications & Resources

March/April 2010
New Look for the Community Bank

 

A New Decade of Opportunity with New WIB-Endorsed “Value & Income Programs”:  Fifth Third Processing Solutions EFT Solutions and Intrasweep’s Demand Deposit Marketplace

By Anne K. Scully, President, WIB Service Corp.

“A successful person is one who can lay a firm foundation with the bricks that others throw at him.” – David Brinkley

For most community bankers, 2009 was, at best, the “Year of Living Dangerously” and, at worst, the “Year of Full Catastrophe Living.” Volatile economic conditions and uncertain outlook turned strategic plans upside down: original business goals and spending priorities were cast aside in favor of surviving the regulatory gauntlet of risk management, capital adequacy and liquidity concerns. 

As we usher in 2010, we know many community banks remain challenged to generate revenue, increase efficiencies, reduce expenses and remain competitive. We believe the WIB Service Corporation can help banks return to or increase their profitability through our endorsed “Value & Income Program” (VIP) Portfolio. Our VIP portfolio contains both core and new, innovative product offerings, and all provide the tools to help community banks meet the changing needs of their customers and succeed in this decade and the next. We hope you will take advantage of the additional value-added they can bring to your bank.

To that end, we are delighted to announce the expansion of our VIP Portfolio with the endorsement of Fifth Third Processing Solutions (FTPS) for electronic funds transfer (EFT) services including: ATM and debit card processing, terminal driving, network gateway transaction processing and card production. 

We also are pleased to announce the official launch of WIB-endorsed VIP Partner Intrasweep’s new “Demand Deposit Marketplace” – an insured deposit network enabling community banks to manage liquidity and deposit growth.

Fifth Third Processing Solutions (FTPS)—ATM /Debit Card Processing, Terminal Driving, Network Gateway Transaction Processing & Card Production

FTPS has been a pioneer in the EFT industry, introducing one of the first offline ATM networks in 1973 and launching the industry’s first shared online ATM network, Jeanie®, in 1977.  Today, FTPS is one of the largest transaction processors, with an annual transaction volume in excess of 28.4 billion and the financial stability to invest in the technology necessary to provide high performance, customized processing solutions.

FTPS’s commitment to continual system enhancements and early technology adoption can help your bank boost its ongoing efficiency and help contain operating costs. Its system availability is nearly 99.99%, one of the highest in the transaction processing industry, and FTPS operates three seven-day-a-week, 24-hour-a-day fully redundant data centers to protect its bank customers from an extended processing disruption. No other third party processor offers this level of recovery support.

Statistics

  • Over 35 years of processing experience
  • Annual credit card processing volume of $191.6 billion
  • Over 40,000 merchant customers
  • Over 169,000 merchant locations
  • Over 3,000 financial institution relationships
  • Drives over 10,000 ATMs
  • Over 51.5 million gift card transactions processed annually
  • Developed the first Internet-accessible back office management system in 1997
  • Ranked 4th largest bankcard acquirer worldwide by The Nilson Report, March 2009

Awards

  • MasterCard Worldwide "Best in Class" Global Quality Gold Award for excellence in operational achievements: 2008-2009
  • Visa® U.S.A “Service Quality Performance Award": 1996-2009 [14 consecutive years]
  • Lowest Chargeback-to-sales ratio:  1995 through 2003; 2005 through 2008
  • MasterCard “Gold Quality Award” for Issuer Availability, Issuer Approved Rates and Cash Advance Approval Rates [2004-2005]

ATM & Debit Transaction Processing
FTPS provides community banks a powerhouse of comprehensive and flexible payment processing options. We offer EFT processing services, network transaction processing, and even consulting to optimize debit and credit card portfolio income.

Terminal Driving Services
FTPS provides a robust set of ATM Terminal Driving services for virtually all ATM types, including screen content, transaction sets,  network gateway services for transaction routing, and support for dial and other alternative communication ATMs.

Other terminal driving services include:

  • EJ (Electronic Journal) Upload on most model types
  • Remote DES key downloads
  • Receipt & screen promotional messaging
  • 24-hour ATM monitoring and user configurable event notification
  • Remote balancing
  • Daily/Monthly ATM reports are provided for research and statistical analysis
  • Real time transaction research

Debit and ATM Card Services
 Community bank customers can offer their cardholders either Debit MasterCards® or Visa Check Cards® and/or ATM cards. Debit Cards can be used to perform ATM transactions as well as both PIN and Signature-based POS transactions. ATM cards can be used to perform transactions at either an ATM or POS device that supports PIN-based transactions.

Gateway Services
 Access to most regional and national ATM, POS and EBT networks, and credit card associations.

Card Production Services
 FTPS offers a turnkey card production service for a variety of card types including: regional and national network-branded ATM cards, Visa Check Cards, and Debit MasterCards. By maintaining in-house card production services, FTPS is able to ensure a fast and efficient card production process – one that delivers the top turnaround time in the industry.

WIB Member Benefits

WIB members receive guaranteed minimum signing bonuses and product discounts (including debit portfolio management, monthly access and surcharge base fees). These discounts will offset your annual WIB membership dues many times over!

Intrasweep’s “Demand Deposit Marketplace” Helps Banks Manage Liquidity and Deposits. WIB-Endorsed Intrasweep’s DDM is a virtual marketplace of participating banks that enables them to acquire balance sheet deposits, send deposits off their balance sheet, and exchange deposits with other banks, all with daily liquidity. Banks can acquire additional deposits to increase loanable funds, send out excess deposits to generate income, and exchange deposits to maximize their customers’ FDIC insurance coverage without decreasing their deposit base. 

DDM enables your bank to be more flexible and exert greater control over its balance sheet, with 100% daily liquidity, no matter what the current deposit environment may be. While many banks are seeking to improve their liquidity position and are gathering deposits, their customers are demanding that their funds be fully FDIC insured beyond the current $250,000 per legal ownership. DDM brings banks together to solve their needs and those of their customers simultaneously.

According to the FDIC, approximately 30% of domestic bank deposits were uninsured as of September 30, 2009. Banks in DDM provide expanded FDIC protection to all of their customers by exchanging deposits in excess of the current $250,000 limit with other banks with the same constraints. This enables all of the banks within the marketplace to maintain their level of deposits when they choose with 100% liquidity and provide their customers with a smart way to protect more of their savings.

DDM is the deposit, liquidity, and funding tool that offers your bank the most choice, security and stability. Benefit your customers by freeing them from the structure of CD programs.

  • WIB members receive pricing discounts.

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