CBAI Names Profit Technologies Revenue Enhancement Provider.DAVIDSON, N.C. -- The Community Bankers Association of Indiana has joined with the Independent Community Bankers of America (ICBA ICBA Independent Community Bankers of America ICBA International Center for Biosaline Agriculture ICBA Instituto Cultural Brasil Alemanha ICBA Independent Community Bankers Association ICBA International Conference on Biometric Authentication ) in selecting Profit Technologies as its Preferred Provider for Revenue Enhancement revenue enhancement An increase in revenues, especially by way of increased taxes. Revenue enhancement includes reducing taxpayer deductions and eliminating tax credits. services. These services incorporate a Total Institution Financial Review that is designed to generate significant increases in incremental Additional or increased growth, bulk, quantity, number, or value; enlarged. Incremental cost is additional or increased cost of an item or service apart from its actual cost. earnings for Retail/Commercial Banking, Credit Card, Cash Management, Float Management, and Check 21; including PTC's Courtesy Overdraft Processing System (COPS)(SM). "We decided that the time was right to establish this relationship," said Joe DeHaven, president 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. at the CBAI CBAI The Community Bankers Association of Illinois CBAI Contract Bridge Association of Ireland (UK) . "Our bankers are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. ways to improve their profitability and efficiency by taking advantage of recent regulatory changes and new technologies. PTC (PTC, Needham, MA, www.ptc.com) Long a world leader in mechanical computer-aided design, manufacturing and engineering software, PTC, through acquisitions and reorganization, has transformed itself into a leading provider of Internet-based B2B solutions for discrete manufacturers. has developed a solid relationship with the ICBA over the last two years and we are pleased to adopt the same program for our own members." The recent final guidance on courtesy overdraft released by several regulatory agencies regulatory agency Independent government commission charged by the legislature with setting and enforcing standards for specific industries in the private sector. The concept was invented by the U.S. has also had an impact. Many banks are now taking another look at this area and considering automation of the courtesy overdraft function. Profit Technologies' COPS(SM) is a complete, end-to-end overdraft solution that enables banks to responsibly manage risk while providing a valuable service to their customers. Unlike other overdraft systems that apply a "one-size-fits-all" approach to assigning overdraft limits, the COPS(SM) program calculates an overdraft limit for each individual account based on defined risk parameters, resulting in lower charge-offs. The system's flexibility allows customization to reflect the bank's individual risk tolerances Risk Tolerance The degree of uncertainty that an investor can handle in regards to a negative change in the value of their portfolio. Notes: An investor's risk tolerance varies according to age, income requirements, financial goals, etc. and operational needs. The system also identifies those who bounce checks repeatedly and provides the bank with tools to manage them. This comprehensive approach helps banks achieve superior risk management controls unavailable with other overdraft solutions. Banks implementing COPS(SM) experience fewer manual overrides and greater productivity while reducing customer embarrassment from returned checks, merchant fees, and ATM and POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale rejections. Banks benefit from the process automation, and the COPS(SM) interface is user-friendly, requiring just 20 minutes per month to manage. "Economic and competitive pressures are having an impact on banks," said Cliff McKee, executive managing director at Profit Technologies. "They are looking to us to help them identify areas where they can generate more revenue and become more efficient. And we are proud to be part of that effort through the Community Bankers Association of Indiana." About CBAI The Community Bankers Association of Indiana (CBAI) is a trade association that exclusively represents the interests and unique needs of community banks in Indiana. Formed in 1972, the CBAI is dedicated to fostering profitability and viability to its membership through state and national legislative representation; timely educational programs; exclusive products and services for members; communications on relevant issues to members; and coordination of banker discussion groups throughout Indiana. For more information visit www.cbai.org. About Profit Technologies Profit Technologies is an international earnings enhancement firm providing specialized profitability and performance improvement solutions to enterprises worldwide. Since its inception in 1973, Profit Technologies has successfully performed over 700 engagements, producing over $12 billion in enhanced revenue and cost reduction benefits for its clients. For more information visit www.profit-tech.com. |
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