CHARLOTTE, N.C., March 17 /PRNewswire/ -- COCC, a leading provider of next generation technology services for community banks and credit unions, today announced that its clients are enjoying the most advanced watch list automation available from ATTUS Technologies. This compliance solution automates the monitoring of International ACH Transactions (IAT) for COCC clients, saving them hours of work each day.
"Our partnership with ATTUS Technologies has reduced the workload associated with meeting our clients' Bank Secrecy, USA PATRIOT Act, and NACHA IAT requirements," said Wendy DeMore, First Vice President – Product Management for COCC. "These tasks occupy a large portion of a financial institution's compliance budget. Being able to reduce the time and money involved in compliance is what our next generation technology is all about."
COCC has offered ATTUS Technologies' WatchDOG® Pro solution since 2006 as part of COCC's Sentry Services suite. COCC clients using the product have enjoyed time savings of 90% and more in meeting their OFAC/FinCEN reporting requirements.
"We conduct very careful due diligence on the partners we select for our Alliance Partnership Program," said Tom Fedell, president and CEO of ATTUS Technologies, Inc. "We quickly recognized that COCC would be an excellent partner because they, too, are dedicated to providing financial institutions with the information technology tools their clients need to succeed."
The new ATTUS Technologies' IAT module continues the time savings by seamlessly integrating into the financial institution's ACH workflow, scanning all ACH transactions against the most current OFAC list, and reporting possible matches. The ATTUS system also enables financial institutions to quickly resolve false positives and provides additional automation options for enhanced efficiency.
"ATTUS has been a natural fit for COCC's business model for some time," said Richard A. Leone, president and CEO of COCC. "Adding the IAT module to our WatchDOG® Pro offering demonstrates our confidence in ATTUS Technologies ability to simplify our clients' business operations. That is the type of value we continuously add to our community bank and credit union clients."
COCC is one of the fastest-growing data processing companies in the nation, a five year FinTech 100 award winner, and a 2009 CIO 100 honoree. This client-owned company provides complete enterprise processing solutions to financial institutions using the latest open systems. COCC continues to innovate by migrating its entire client base to an open, .Net processing platform built on an Oracle database. Next generation systems and client-driven support make COCC the better data processor. For more information, please visit www.cocc.com or contact Robert Bessel at 860.674.7214
About ATTUS Technologies, Inc.
ATTUS Technologies, Inc. is an industry leader in software and services for regulatory compliance, homeland security and fraud prevention. Over 4,500 financial institutions and other clients nationwide use ATTUS' solutions for compliance with the requirements of the Gramm-Leach-Bliley Act (GLBA), the USA PATRIOT Act, the Office of Foreign Assets Control (OFAC), the Financial Crimes Enforcement Network (FinCEN), anti-money laundering regulations, the Bank Secrecy Act (BSA), Regulation CC and Regulation E. ATTUS is based in Charlotte, North Carolina. For more information about ATTUS, visit www.attustech.com.
For more information, contact: Jalana Ballen, Marketing Director 888.494.8449 or firstname.lastname@example.org
SOURCE ATTUS Technologies, Inc.