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Products Archive

Products

Fiserv launches CheckFree Account Certification

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BROOKFIELD, Wis. (4/2/08)--Checkfree has launched an automated financial reporting control framework that can help organizations implement financial governance strategies and ensure regulatory compliance. CheckFree Account Certification helps organizations automate the scheduling, preparation, review, approval, analysis and auditing of reconciliation information--which is critical to financial close and period-end reporting. “Organizations increasingly have a lot at stake when it comes to regulatory compliance,” said Mark Cappell, CheckFree senior vice president and general manager of operational risk management. “The cost of non-disclosure is high and can lead to reduced shareholder value, loss of reputation, high audit fees and potential fines.” In a recent review of material weaknesses disclosed under Sarbanes-Oxley requirements, 20% of weaknesses were related to failures in account reconciliations, review procedures or compliance with control policies, Cappell added. Many businesses do not adhere to standard procedures, which can lead to internal fraud, untimely reconciliation of financial data and unreliable financial reporting, said Andy Mellor, CheckFree product manager of operational risk management. CheckFree, a unit of Fiserv Inc., is a core processor for financial institutions, including credit unions.

Harland Clarke offers new product portfolios

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SAN ANTONIO, Texas (4/2/08)--Harland Clarke has released new portfolios of checks and related payment products that were created last May when Clarke American and John H. Harland Printed Products merged. The Harland Clarke 2008 Check Product Catalogs have more than 50 products, with 58 designs, including licensed brands and checks that support social and environmental causes. “Each line--personal and business--was developed after analyzing extensive research about consumer behavior and ordering trends garnered from our relationships with thousands of financial institutions and their customers,” said Gwen Cuffie, vice president of product marketing and emerging businesses. The company also released its new logo--a blue and green icon that symbolizes the joining of the two companies. A new base printing stock was developed for 2008, with embedded security features and a fugitive ink printing process. The features aim to minimize check washing and counterfeiting. Harland Clarke provides payment solutions to financial institutions, including credit unions.

Online disaster recovery solution announced by Jack Henry

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MONETT, Mo. (4/2/08)--Jack Henry and Associates announced a tapeless data vaulting service that can be used by credit unions. The solution, Centurion jVault, is an online backup that can help credit unions store important data off-site, the company said. Centurion jVault mitigates risks associated with physically transporting tapes, complies with regulatory requirements and provides financial institutions with an audit trail, the company said. Centurion Disaster Recovery solutions provide service through 12 regional sites. Centurion Business Continuity Planning enables financial institutions to restore their operations with procedures and testing. Jack Henry provides computer systems and card processing services for financial institutions.