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Press ReleaseICBA Partners With Wolters Kluwer Financial Services to Offer Members Red Flag Rules Solutions and Services
MINNEAPOLIS - June 26, 2008 - The Independent Community Bankers of America (ICBA) announced today that it has expanded its Preferred Service Provider relationship with Wolters Kluwer Financial Services. The relationship now includes Wolters Kluwer Financial Services’ comprehensive suite of solutions and services that can help financial institutions meet all Red Flag Rules requirements tied to the Fair and Accurate Credit Transactions Act (FACT Act). Wolters Kluwer Financial Services launched the Red Flags Resource Center (www.WoltersKluwerFS.com/redflaginfo) in May, a Web site that offers financial institutions practical information, solutions and services to help build or update their identity theft prevention program and ensure compliance with the new requirements. The site’s content includes free access to articles, a blog and other information as well as additional tools available separately from Wolters Kluwer Financial Services that assist financial institutions with developing their Red Flags policies and procedures, train their employees and implement an automated Red Flags compliance solution. “Wolters Kluwer Financial Services’ ability to help banks implement a comprehensive Red Flag Rules compliance program is why ICBA chose to expand our Preferred Service Provider relationship with the company,” said Dan Clancy, senior vice president of Services for ICBA. “It is clear that community bankers will greatly benefit from a partner such as Wolters Kluwer Financial Services that can help them address all of the requirements.” “Community bankers need to carefully evaluate the many solutions and services available that claim to help them meet all of the Red Flag Rules requirements,” said Todd Cooper, vice president and general manager of Wolters Kluwer Financial Services’ Financial Intelligence Unit. “Many are good but will only help banks meet some of the requirements. Others are just old tools that have been remarketed and won’t be effective. But Wolters Kluwer Financial Services takes a different approach. We have assembled a suite of solutions and services that can be customized to a community banker’s individual needs to help them implement a complete Red Flag Rules program that will help them rest assured they are in compliance.” In addition to Wolters Kluwer Financial Services’ Red Flag Rules solutions and services, ICBA’s Preferred Service Provider relationship with the company includes several of the company’s other solutions, including ARTA® Lending, ARTA Deposit, ComplianceOne™, CRA Wiz®, Fair Lending Wiz, HMDA Wiz, IRA Management Center®, Rembrandt® Lending, Wiz Sentinel, Wiz Sentri™: Case Officer and Wiz Sentri: Transaction Monitor, in addition to pre-printed and electronic documents for lending, deposit and IRA. For more information on these solutions, please visit www.WoltersKluwerFS.com. About Wolters Kluwer Financial ServicesWolters Kluwer Financial Services provides best-in-class compliance, content, and technology solutions and services that help financial organizations manage risk and improve efficiency and effectiveness across their enterprise. The organization’s prominent brands include Bankers Systems, VMP ® Mortgage Solutions, PCi, GulfPak, Desert Document Services®, AppOne®, GainsKeeper ®, CCH ® Capital Changes, NILS, AuthenticWeb™ and CCH ® Wall Street. Wolters Kluwer Financial Services’ solutions include integrated and stand-alone compliance and workflow tools, documentation, analytics, authoritative information and professional services. Customers include banks, credit unions, mortgage lenders and securities and insurance organizations of all sizes throughout the United States. For more information on Wolters Kluwer Financial Services, visit www.WoltersKluwerFS.com. Wolters Kluwer is a leading global information services and publishing company. The company provides products and services globally for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory sectors. Wolters Kluwer has annual revenues (2007) of €3.4 billion ($4.8 billion), maintains operations in over 33 countries across Europe, North America, and Asia Pacific and employs approximately 19,500 people worldwide. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Visit www.WoltersKluwer.com for information about our market positions, customers, brands and organization. About ICBAThe Independent Community Bankers of America, the nation’s voice for community banks, represents nearly 5,000 community banks of all sizes and charter types throughout the United States and is dedicated exclusively to representing the interests of the community banking industry and the communities and customers we serve. For more information, visit www.icba.org.
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Jennifer Marso Director of Corporate Communications for Wolters Kluwer Financial Services 612.852.7912 Email Jennifer On Twitter: @JenniferMarso Charles Miller Senior Public Relations Specialist Banking, Mortgage, and Credit Unions 320.240.5457 Email Charles On Twitter: @CharlesWMiller Angela Peterson Senior Public Relations Specialist Securities, Insurance, and Indirect Lending 612.656.7745 Email Angela On Twitter: @AngiePeterson |