ATTUS Technologies Enhances Its Automated Reg E Compliance Solution
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CHARLOTTE, N.C., Nov. 11 /PRNewswire/ -- ATTUS Technologies, Inc., a leader in Software as a Service (SaaS) regulatory compliance solutions, has enhanced WatchDOG® for Reg E to further streamline the automation of EFT error claims.
(Logo: http://www.newscom.com/cgi-bin/prnh/20081118/ATTUSLOGO)
ATTUS, which introduced web-based WatchDOG® for Reg E in 2008 to provide immediate relief to financial institutions struggling with the cumbersome requirements of Reg E, has added several valuable reporting features to this upgrade. Financial institutions can now quickly view, print or export to Excel or a PDF any system reports, including the new Claim Amount and Claim Detail reports.
Built-in templates for required customer notices can now also be customized per the specific needs of an investigation or the financial institution. WatchDOG® for Reg E has an expanded Notices section to enable an institution to generate all related documents that incorporate necessary information from the claim. There is no limit to the documents that can be created, including vendor documents, such as the WSUPP form or Visa/MasterCard chargeback form.
"WatchDOG® for Reg E provides a significant cost savings over any financial institution's manual Reg E process but it also facilitates a more thorough audit trail for improved compliance adherence and documentation," Lori Moore, CRCM, director of compliance for ATTUS, said of the product. "One of the most effective tools added is 'Claim History Report,' which provides all timeline activity for an individual claim or a series of claims."
Through Claim History Reporting all the key dates of the claim(s) can be quickly accessed. The initial claim notification, all status changes, print dates for customer notices, and when provisional and final credit were calculated and issued are all immediately accessible. Financial institutions then have the ability to drill down for further specifics on any action within the claim investigation.
"With these enhancements, WatchDOG® for Reg E is one of the most versatile and effective compliance solutions on the market today," added Moore. "It provides financial institutions with the customization and functionality they need to reduce their Reg E compliance costs and lower their risk for regulatory or civil action due to inaccurate or imprecise handling."
About ATTUS Technologies, Inc.
ATTUS Technologies, Inc. is an industry leader in software and services for regulatory compliance, homeland security and fraud prevention. Over 4,000 financial institutions and other clients nationwide use ATTUS' solutions for compliance with the requirements of the Gramm-Leach-Bliley Act (GLBA), the USA PATRIOT Act, the Office of Foreign Assets Control (OFAC), the Financial Crimes Enforcement Network (FinCEN), anti-money laundering regulations, the Bank Secrecy Act (BSA), Regulation CC and Regulation E. ATTUS is based in Charlotte, North Carolina. For more information about ATTUS, visit www.attustech.com.
For more information, contact: Jalana Ballen, Marketing Director 888.494.8449 or info@attustech.com
SOURCE ATTUS Technologies, Inc.
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