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BSG Financial Updates OverdraftPro Software.


LAS VEGAS Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States.  -- 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 the release of its OverdraftPro(TM) software - the power behind the company's OverdraftHonor(R) courtesy overdraft program.

The OverdraftPro software and its enhancements provide financial institutions with the ability to track year-to-date insufficient fund (NSF NSF - National Science Foundation ) and overdraft fees; quantitative documentation for justifying the overdraft dollar limit and advance notice when the overdraft service is in jeopardy of being suspended; daily tracking of fees and usage; ability to provide customized letters in order to meet disclosure requirements; and tracking of days overdrawn o·ver·draw  
v. o·ver·drew , o·ver·drawn , o·ver·draw·ing, o·ver·draws

v.tr.
1. To draw against (a bank account) in excess of credit.

2.
 and individual as well as cumulative overdraft balances.

"After listening to valuable feedback from our clients, we enhanced the OverdraftPro software to help our customers save time and increase business efficiency, while still maintaining the utmost integrity in meeting their accountholder needs," said Barrett Nichols, 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.  and founder of BSG Financial. "With the industry climate changing, these updates will give our clients a greater measure of safety and accountholder satisfaction."

"The OverdraftPro software has given us a sense of security in knowing we are meeting and exceeding the requirements set forth by the recently released regulatory guidance concerning overdraft programs," said Michael Hodapp, overdraft solutions manager for MainSource Financial ($1.5 billion in assets). "BSG Financial's team was expert in leading us through the improvements, which have enabled MainSource to not only save time, but also allow our customer service representatives to focus more on their accountholder's specific and individual needs."

Among the more significant updates to OverdraftPro is a change in the way information is stored for multiple institution clients, so that the data is updated institution-wide, which allows customer service representatives to view individual bank customers across all branches. In addition, follow-up information will now be processed differently to minimize the amount of time it takes to make phone calls to overdrawn customers.

"The OverdraftPro software enhancements will benefit not only our client's experience when using OverdraftHonor, but also their accountholder interaction," said Nichols. "The updates are evidence of our commitment to continually update and improve our programs."

About MainSource Financial

MainSource Financial Group, Inc., headquartered in Greensburg, Ind., is listed on the NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
 National Market (under the symbol: "MSFG MSFG Main Street Financial Group (Arizona) ") and is a community-focused, financial holding company with assets of approximately $1.5 billion. The company operates 53 offices in 22 Indiana counties and six offices in three Illinois counties through its three banking subsidiaries, MainSource Bank, Greensburg, Indiana Greensburg is a city in Decatur County, Indiana, United States. The population was set at 10,260 in the 2000 census. The city is the county seat of Decatur CountyGR6. ; Peoples Trust Company, Linton, Indiana For other uses, see Linton.

Linton is a city in Greene County, Indiana, United States. The population was 5,774 at the 2000 census. A coal mining town, it is located southeast of Terre Haute, Indiana. The current mayor is Tom Jones.
; and MainSource Bank of Illinois, Kankakee, Illinois Kankakee is a city in Kankakee County, Illinois, in the United States. As of the 2000 census, the city population was 27,491. It is the county seat of Kankakee CountyGR6. It is included in the Combined Statistical Area for Chicago. . Through its non-banking subsidiaries, MainSource Insurance LLC, MainSource Title LLC, and MainSource Mortgage LLC, the company provides various related financial services through its banking affiliates.

About BSG Financial, LLC

Louisville, Ky.-based BSG Financial, LLC is a provider of programs and services to the financial industry that help increase profitability, while enhancing customer relations. Its flagship program, OverdraftHonor(R), is a proprietary courtesy overdraft program unique in its responsible approach to customer and risk management, profitability and ongoing technical and customer service. In addition, BSG Financial offers other profit-enhancing programs that increase retail account openings, outsource collections, repair damage caused by identity theft and reduce costs.

BSG Financial is privately owned and has offices in Kentucky, Florida, Texas, Massachusetts, Missouri and Pennsylvania. For more information about the company, visit www.BSGfinancial.com.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jul 14, 2005
Words:554
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