BSG Financial Selected as an Endorsed Vendor by NCBA's Community Bank Services.Company's Re$ubmitIt program differentiates member banks, increases revenue LOUISVILLE, Ky. -- BSG BSG Battlestar Galactica BSG Broadband Stakeholder Group (UK) BSG British Society of Gastroenterology (London, UK) BSG Business Systems Group BSG Business Solutions Group BSG Basigin Financial, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a provider of profit-enhancing programs and marketing services to the financial industry, announced that Community Bank Services, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of the North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. Bankers Association (NCBA NCBA National Cattlemen's Beef Association NCBA North Carolina Bar Association NCBA National Cooperative Business Association NCBA North Carolina Biomedical Association NCBA National College of Business and Arts ), has officially selected BSG Financial as an endorsed vendor for its electronic check and item recovery solution, Re$ubmitIt. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Community Bank Services officials, BSG Financial was selected due to its proven success in developing effective profit-enhancing services for financial institutions. The association also was impressed by Re$ubmitIt's ability to generate income for member banks as they simultaneously forge strong customer relationships. With Re$ubmitIt these banks help their commercial accountholders collect more funds from NSF checks, while alleviating the burden of the collection process. "We were very impressed with BSG Financial's reputation in the industry," said Rann Paynter, executive vice president and chief administrative officer A chief administrative officer (CAO) is responsible for administrative management of private, public or governmental corporations. The CAO is one of the highest ranking members of an organization, managing daily operations and usually reporting directly to the chief executive of Community Bank Services. "References from bank customers and other state organizations were stellar, and we felt Re$ubmitIt would be a good fit with our organization. Providing excellent quality service -- while maintaining the highest level of efficiency -- is paramount to our organization's membership. Re$ubmitIt gives our member banks the opportunity to do both." NCBA member banks will profit from Re$ubmitIt through a revenue share of the service fee collected from the check writer. The automated process recovers 100 percent of the face value of the items collected. Because of strategic timing of the electronic submissions and multiple attempts to collect, Re$ubmitIt increases the likelihood of recovering the funds from the returned items. The program also offers free secondary collections for items that cannot be collected electronically further enhancing the value of the service for merchant accountholders. Re$ubmitIt processes paper NSF checks, as well as electronic ACH originations and check conversions, including: back office conversions (BOC (Bell Operating Company) One of 22 companies that was formerly part of AT&T and later organized into seven regional companies. See RBOC. ), accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying conversions (ARC) and Web-authorized payments (WEB). As such, revenue garnered from check processing represents only a portion of the potential program earnings. "We take a great deal of pride in serving the banking community and working closely with organizations like Community Bank Services," said Barrett Nichols, founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of BSG Financial. "Endorsing BSG Financial and Re$ubmitIt demonstrates Community Bank Services' commitment to accelerate the growth of their member banks and strengthen their customer service." About Community Bank Services Community Bank Services is a wholly owned subsidiary of the North Carolina Bankers Association. It offers employee benefits, products and services (through endorsed vendor relationships) and a full-service insurance agency (focusing primarily on financial institution bond and directors and officers liability coverage) to the membership of the NCBA. For more information, visit www.ncba.com/cbs.html. About North Carolina Bankers Association The North Carolina Bankers Association was established in 1897 and offers legislative liaison in the North Carolina General Assembly The North Carolina General Assembly is the state legislature of the U.S. state of North Carolina. The General Assembly makes the laws of North Carolina, also known as the General Statutes. and the U.S. Congress on behalf of its membership. It provides educational and training programs, media relations, insurance benefits programs, the Carolina Banker magazine, regulatory and compliance assistance and other services to its member financial institutions. For more information, visit www.ncba.com. About BSG Financial, LLC Louisville, Ky.-based BSG Financial develops and manages innovative, profit-enhancing programs for the financial industry. In addition to Re$ubmitIt, the company offers CourtesyConnect[R], the industry's first Web-based overdraft management system, and a Sale/Leaseback program to help banks and credit unions generate capital from non-earning depreciated Depreciated may refer to:
BSG Financial, recognized by Bank Technology News as an industry innovator, is privately owned and serves financial institutions nationwide whose assets range from $100 million to more than $32 billion. For more information about the company, visit www.BSGfinancial.com. |
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