Educational Employees Credit Union Implements TWS ATM Deposits System; Advanced Technology Solution Automates ATM Deposits from Start to Finish.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. -- Educational Employees Credit Union (EECU EECU Educational Employees Credit Union EECU Engine Electronic Control Unit ), with more than 125,000 members and $1 billion in assets, selected several of the IMAGECENTER modules including ALERTMANAGER BY TWS TWS The Wildlife Society (founded in 1937) TWS The Wilderness Society TWS The Weekly Standard (political magazine) TWS Thermal Weapon Sight TWS Texas World Speedway TWS Tsunami Warning System (ALERTMANAGER) a real-time fraud prevention solution and OMEGA 1. (programming) Omega - A prototype-based object-oriented language from Austria. ["Type-Safe Object-Oriented Programming with Prototypes - The Concept of Omega", G. Blaschek, Structured Programming 12:217-225, 1991]. 2. BY TWS (OMEGA), a Microsoft(R).NET-based ATM deposit management solution that automates the processing and management of an ATM deposit. TWS Systems, Inc. is a leader in ATM deposit management, fraud prevention and transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. solutions for financial institutions. Founded in 1934, the Fresno, Calif.-based EECU has been growing steadily and currently ranks as the largest financial institution in the Central San Joaquin Valley Noun 1. San Joaquin Valley - a vast valley in central California known for its rich farmland Calif., California, Golden State, CA - a state in the western United States on the Pacific; the 3rd largest state; known for earthquakes . As the credit union continued its growth, management sought a more efficient way to process its ATM balancing, which it had previously done manually. The use of TWS' software enables EECU to automate the process, thereby increasing productivity and allowing for additional ATM's without the financial burden of hiring additional staff. Using the latest in recognition technologies, ALERTMANAGER and OMEGA will significantly reduce incidences of fraud coming into the credit union while at the same time improving the overall efficiency of the institution. OMEGA users have reported a reduction of manual inputting of data by more than 70 percent. Meanwhile ALERTMANAGER has helped cut ATM deposit fraud by more 60 percent for some of the nation's largest credit unions. Both solutions will allow EECU to streamline operations to accommodate its growing volume and handle increasing capacity. "In a market so competitive, EECU remains dedicated to providing the most valuable resources for our membership," said Scott Ingram, vice president of marketing for EECU. "TWS' IMAGECENTER suite gives us the opportunity to efficiently process ATM transactions while eliminating fraud, allowing our credit union to keep fees to a minimum and reward our members with greater access to all the services we have to offer." Using ALERTMANAGER, EECU is able to customize fraud prevention criteria to meet its specific needs. The system reviews each transaction at the institution and automatically sends an alert or warning when any of the pre-set fraud prevention criteria is met. With ALERTMANAGER, EECU receives constant updates about possible fraudulent transactions. In addition, the credit union has access to an online network where they can get information on fraud activity and updates on future training conferences. "We continue to enhance the capabilities of our IMAGECENTER suite, knowing that credit unions need a solution that accommodates the evolving landscape of transaction processing in this image-driven era," said Milton King, president of TWS. "Credit unions need a system to eliminate fraud, but also enhance transaction processing for the entire institution. The TWS system will allow EECU to minimize costs, improve efficiencies and focus on its core competency A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
Imagecenter will enable EECU to streamline and automate its ATM deposit processing from start to finish. The suite includes the ability to send and receive substitute documents in addition to automatically balancing imaged and non-image items using handwriting recognition Handwriting recognition is the ability of a computer to receive intelligible handwritten input. The image of the written text may be sensed "off line" from a piece of paper by optical scanning (optical character recognition). tools. This image processing image processing Set of computational techniques for analyzing, enhancing, compressing, and reconstructing images. Its main components are importing, in which an image is captured through scanning or digital photography; analysis and manipulation of the image, accomplished and handwriting recognition (CAR/LAR/ICR) technology allows users to read deposit content, while dramatically reducing data entry for ATM reconciliation. About Educational Employees Credit Union Educational Employees Credit Union is a state-chartered credit union based in Fresno, California “Fresno” redirects here. For other uses, see Fresno (disambiguation). Fresno is the sixth-largest city in California and the county seat of Fresno County, with an official Census Bureau estimated population of 481,035 as of July 1, 2006. . EECU is in the process of opening its 11th branch and has 27 ATMs. The credit union serves school employees, students, and their family members in a ten-county area covering most of central California Central California can refer to one of several divisions or regions of the U.S state of California:
About TWS Systems, Inc. Clearwater, Fla.-based TWS Systems, Inc. is a privately held financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company that is the first company to offer total deposit automation with image-based ATMs. TWS is the leading provider of transaction processing solutions and fraud prevention tools for the credit union industry, and is the largest provider of ATM and fraud management solutions for banks. For additional information about TWS Systems, Inc. call 800.247.1342 or visit www.twssystems.com. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion