ATTUS Technologies, Inc. Surpasses 8 Billion Mark in Annual Customer Transactions
Record Growth Exceeding Charlotte-Based Company’s Expectations
CHARLOTTE, N.C. - (Jan. 10, 2012) - ATTUS Technologies, Inc., an affiliate company of Computer Services, Inc. (CSI) (OTCQX: CSVI) and a leading regulatory compliance solutions provider, today announced it has surpassed the 8 billion mark in annual customer transactions that assure compliance with the U.S. Treasury’s Office of Foreign Assets Control (OFAC), the USA PATRIOT Act, the Bank Secrecy Act, Regulation CC, Regulation E, Red Flag Rules and more.
ATTUS Technologies, the developer of industry-leading WatchDOG® Pro, a watch list screening solution, is processing more than double the transactions it handled two years ago and surpassed the 5,000th customer mark to end the year. ATTUS Technologies’ reputation as an industry leader in regulatory compliance solutions along with much stricter enforcement of federal watch list regulations have combined to produce record-breaking growth for the company.
“Regulatory compliance enforcement has never been tougher or more complicated,” said ATTUS Technologies President and CEO Tom Fedell. “OFAC is updating its anti-terrorism watch lists at a record pace, and it’s just too much for businesses and financial institutions to keep up with on their own. Our team of regulatory experts works hand-in-hand with our product engineers to develop Web-based software that assures compliance while providing personalized customer service and the best technical support team in the industry.”
ATTUS Technologies’ customers in the import/export and financial services industries use WatchDOG Pro to ensure they fulfill their fast-paced, international business transactions within both the Bureau of Industry and Security (BIS) and OFAC compliance requirements aimed at keeping money out of the hands of terrorists, money launderers and suspected drug dealers. The Web-based solution features ATTUS Technologies’ exclusive, advanced search algorithm that generates a less than 0.5 percent false positive rate and differentiates subtle name variations such as abbreviations and initials. While highly sophisticated, the company’s Software as a Service (SaaS) solutions are user friendly.
“Homeland security and the fight against terrorism remain top priorities for our country. As a result, BIS and OFAC take compliance with their regulations very seriously,” Fedell said. “Both agencies have handed out devastating fines to companies caught in violation, penalties that put them out of business. ATTUS Technologies’ regulatory compliance solutions assure compliance for our customers while significantly increasing operational efficiency by replacing expensive, time-consuming and often ineffective manual processes.”
ATTUS Technologies also produces comprehensive regulatory compliance solutions for financial services institutions including WatchDOG® CIP,WatchDOG® Wire, WatchDOG® for Reg CC and WatchDOG® for Reg E, which all assist in reducing the threat of fraud, identity theft and money laundering. And ATTUS’ Risk and Information Security Consulting (RISC) Services group works with financial institutions to help them comply with the Gramm-Leach-Bliley Act (GLBA), Bank Secrecy Act (BSA) and Red Flag Rules. RISC Services offers Information Security Reviews, External Penetration Testing, Social Engineering Testing, Red Flag Review, IT Audits, Website compliance evaluations and internal vulnerability assessments.
About ATTUS Technologies, Inc.
ATTUS Technologies, Inc. is an industry leader in software and services for regulatory compliance, homeland security and fraud prevention. ATTUS serves more than 5,000 clients comprised of Financial Services, Insurance, Software, Healthcare, Pharmaceuticals, Energy & Utilities, Wholesale Goods, Travel & Leisure, Real Estate, Non-profit, Retail and more. ATTUS’ solutions provide 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), the Bureau of Industry and Security (BIS), anti-money laundering regulations, the Bank Secrecy Act (BSA), Regulation CC and Regulation E. ATTUS, a wholly owned subsidiary of Computer Services, Inc., is based in Charlotte, N.C. For more information about ATTUS, visit www.attustech.com.
About Computer Services, Inc.
Computer Services, Inc. (CSI) delivers core banking, payments processing, Internet, card services, risk assessment, fraud prevention, network management, regulatory compliance and document delivery solutions to financial institutions and corporate entities across the nation. Technology planning, personal account management and world class customer service explain why CSI is known as one of the nation’s premier providers of technology solutions for the financial services industry. CSI’s stock is traded on the OTCQX under the symbol CSVI. CSI is based in Paducah, Ky. For more information about CSI, visit www.csiweb.com.