News
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CSI DECLARES $0.25 PER SHARE CASH DIVIDEND
PADUCAH, Ky. – (May 18, 2016) – Computer Services, Inc. (CSI) (OTCQX: CSVI) announced that its Board of Directors declared a quarterly cash dividend of $0.25 per share.Read More -
VISIONBank Deploys Omnichannel Experience, Operational Efficiency with CSI's NuPoint
PADUCAH, Ky., May 11, 2016 – With its strategic plans centered on channel optimization, VISIONBank, located in Fargo, North Dakota, selected Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of end-to-end financial technology solutions, as its new core bank processing partner.Read More -
CSI REPORTS RECORD FISCAL YEAR 2016 RESULTS
PADUCAH, Ky. (May 3, 2016) – Computer Services, Inc. (CSI) (OTCQX: CSVI) today reported record revenues and net income for the fiscal year ended February 29, 2016. CSI’s record results for fiscal 2016 marked the company’s 16th consecutive year of revenue growth and 19th consecutive year of growth in net income.Read More -
CSI Recognized as One of 2016's Top Ten Best Places to Work in Kentucky
PADUCAH, Ky., April 27, 2016 – Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of end-to-end technology solutions that empower financial institutions to remain competitive, compliant and profitable, has been recognized as the seventh best large company to work for in Kentucky.Read More -
CSI Achieves 100 Percent Renewal Rate of Core Contracts
PADUCAH, Ky., March 22, 2016 – Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of end-to-end technology solutions that empower financial institutions to remain competitive, compliant and profitable, retained 100 percent of its core contracts up for renewal in fiscal year 2016, which ended Feb. 29, 2016.Read More -
CSI Declares $0.25 Per Share Cash Dividend
PADUCAH, Ky. – (March 2, 2016) – Computer Services, Inc. (CSI) (OTCQX: CSVI) announced that its Board of Directors declared a quarterly cash dividend of $0.25 per share.Read More -
CSI Named to Managed Service Provider 500 List by CRN for Second Consecutive Year
PADUCAH, KY., Feb. 17, 2016 – Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of end-to-end financial technology solutions, announced today that it has earned recognition on The Channel Company’s 2016 CRN Managed Service Provider (MSP) 500 list for the second consecutive year.Read More -
CSI's 2016 Banking Priorities Study Highlights Technology, Loan Growth as Greatest Areas of Opportunity
PADUCAH, Ky., Jan. 19, 2016 -- Moving into 2016, technology continues to serve as a leading factor in driving growth among financial institutions, according to an annual banking priorities survey from Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of end-to-end financial technology solutions.Read More -
CSI Reports Third Quarter Results
PADUCAH, Ky. (January 11, 2016) – Computer Services, Inc. (CSI) (OTCQX: CSVI) today reported its results for the third quarter and nine months ended November 30, 2015.Read More -
CSI Founder and Chairman Receives Prestigious Flame of Excellence Award from Leadership Kentucky
PADUCAH, KY. – Dec. 18, 2015 – Computer Services, Inc. (CSI) (OTCQX: CSVI) proudly announced that its founder and board chairman, John A. Williams, is the recipient of Leadership Kentucky’s 2015 Flame of Excellence Award.Read More
In The Press
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The Changing Business of the Customer Experience
Read MoreWIB Technology & Security Digest; Online; September 2015
For most bankers, the phrase Know Your Customer is shorthand for anti-money laundering and fraud compliance requirements. But in an era where banks have access to massive amounts of customer data, “Know Your Customer” should also be the mantra for building an unparalleled customer experience. The catch is that community banks can’t really benefit from all of the data they have without the power of analytics.
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Putting ERM Into Action
Read MoreWIB Compliance Digest; Online; September 2015
If a bank has taken the steps prescribed to conduct a comprehensive risk assessment and assigned key risk indicators (KRI) that are tied to their strategic goals, the next step is the ongoing monitoring – and the implementation of changes made as a result of the monitoring. Once a risk assessment is complete, community banks should use the data gathered to evaluate ongoing risk and make strategic changes to meet compliance requirements as well as improve their business results.
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Top 3 Benefits of Bank-Focused Managed IT Services
Read MoreBankNews Learning Points, Online; August 2015
Since MSPs manage and maintain IT assets, they obviously must possess technical skills and the knowledge to troubleshoot and repair IT issues. But, banks are so specialized and heavily regulated these days that their MSP also should hold financial industry compliance, regulatory and operational expertise.
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The Steps to Building a Complete Third-Party Management Program
Read MoreIndependent Banker; Online; July 2015
Due to recent changes from the Office of the Comptroller of the Currency, the Consumer Financial Protection Bureau and the Federal Financial Institutions Examination Council’s Appendix J, financial institutions can no longer rely on time-tested third-party relationships without performing enhanced due diligence. Why? Because a bank’s use of any third-party provider now generates new compliance, operational, strategic and legal risks.
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The P2P Revolution
Read MoreDigital Transactions; Online; July 2015
Nobody can say for sure when the first electronic person-to-person payment took place, but payments historians are pretty sure they can pinpoint the first official P2P transfer using a mobile device. It was a whopper.
CSI’s SPIN has one key advantage over providers like Square or Facebook: only the receiver must have a debit card. -
FFIEC Shifts to Cybersecurity
Read MoreCredit Union Times; Online; June 2015
In March, the Federal Financial Institutions Examination Council provided an overview of its 2015 cybersecurity priorities, which included work streams and a self-assessment tool, and industry observers believe this is a precursor to issuing cybersecurity guidance.
Tyler Leet, director of risk and compliance services at the Paducah, Ky.-based CSI, added, “They wanted a better understanding of where community financial institutions stood with their cybersecurity posture and the controls they had in place, and areas they think need to be improved.” -
Email Encryption Protects Critical Data Outside Your Walls
Read MoreTexas Bankers Association; Online; May 2015
Email encryption is an area on which regulators are casting a stronger eye, since customers’ financial information is at greater risk while traveling outside your firewall and over the public Internet. Because as we know, with the right equipment and code, everything on the Internet can be viewed from anywhere, anytime.
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Be a Part of the Community … The Electronic Community, Social Media!
Read MoreHoosier Banker; Online; May 2015
Your bank is heavily involved in the communities you serve. You sponsor the local sports teams, support community festivals and provide personal service and expertise to the people who live in your communities.
Social media is the electronic-channel version of your ongoing outreach. As a community bank, you can’t afford not to be a part of the community.