• All functions are controlled by parameter and user files
• Security is maintained by log-on user ID and password
• Administrator flag is required for any change to parameters or user files
• Receipt is produced for customer authorization
• Outgoing wires are input into the Wire Transfer System, then imported into Fedline Advantage
• All wires are subjected to OFAC, Homeland and World Tracker checks during the processing cycle
• Compliance solutions for OFAC, U.S. Patriot Act, BSA, anti-money laundering, and more
• Repetitive wire database is maintained on the Wire Transfer System
• Core Processing file with the current transactions generated as often as necessary
• Stand-alone system resides on a Windows server
• Verifies the ABA number of the receiving institution by sourcing a data base
• Incoming/outgoing fees can be default, waived or customized by account and are completely editable
• Complete set of audit and control reports are available showing totals and detail
• ACH format upload containing record of transfers processed, fees assessed. G/L offsets available
• Database of incoming/outgoing transfers complies with the Treasury Bank Act Regulation 31 CFR 103
• Generates reports for incoming/outgoing transfers and suspicious transactions & income. Reports sorted by date range, account number, tax ID number, originator, benefactor, ABA number, or any combination
• Available e-mail notifications to customers
• Available file for input into an imaging storage file system

• Substantial labor savings – particularly when allowing wire transfer origination at the branch level
• The system forces Bank personnel to follow a consistent operations procedure for handling wire transfers
• Automates the complete process – substantially reducing the risk of non-compliance
• Easy to determine when the FED has released the transfer
• Allows branch personnel to verify receipt of incoming transfers for customer peace-of-mind
• Provides a FED cash position report for the Wire Transfer Department

Another product is available that does not include wire transfer input and OFAC lookups, but includes a database and the ability to produce notices and ACH updates to the core processor. Please contact us for further information.