The rapid advancement of technology over the past decade has led to the explosive growth of electronic fund transfers (EFTs). The increase in the number of claims alleging EFT errors has caused increasing challenges for financial institutions as they are tasked with processing an increasing amount of EFT transactions while meeting their clients electronic banking demands.
Make Reg E Compliance a Breeze for Your Institution
CSI's WatchDOG for Reg E compliance software automates and simplifies the frustrating manual processes of Regulation E to eliminate error and increase efficiency. With WatchDOG for Reg E you can:
- Replace your costly and inconsistent manual process for investigating Reg E claims with an automated web-based compliance software solution
- Lead employees through every step of EFT error resolution procedures with an automated case management system that ensures deadlines are met within mandated Reg E timelines
- Take advantage of an exclusive liability calculator to ensure liabilities are properly calculated based on the outcome of an EFT investigation
- Minimize risk of civil or regulatory action due to inaccurate handling of EFT claims
- Utilize a more accurate cost/benefit analysis for investigating and paying EFT claims according to Reg E
- Create enhanced reports on EFT claims or impending due dates for EFT claims using the application dashboard and reports option
Minimize your losses and streamline the EFT transaction process for your employees. Contact CSI today for more information about WatchDOG for Reg E and how it can simplify Reg E compliance for your institution
Brochure - WatchDOG for Reg E
Brochure - Dodd-Frank Reform