News
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CSI Reports Record Results for Fiscal Year 2017
PADUCAH, Ky. (April 27, 2017) – Computer Services, Inc. (CSI) (OTCQX: CSVI) today reported record revenues and net income for the fiscal year ended February 28, 2017. CSI’s record results for fiscal 2017 marked the company’s 17th consecutive year of revenue growth and 20th consecutive year of growth in net income.Read More -
CSI Promotes David Culbertson to Chief Operating Officer
PADUCAH, Ky., April 17, 2017 -- Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of end-to-end financial technology solutions, has promoted David Culbertson to chief operating officer.Read More -
CSI Declares $0.28 Per Share Cash Dividend
PADUCAH, Ky. – (April 13, 2017) – Computer Services, Inc. (CSI) (OTCQX: CSVI) announced that its Board of Directors declared a quarterly cash dividend of $0.28 per share.Read More -
CSI Board of Directors Names Founder John A. Williams as Chairman Emeritus, Elects CEO Steve Powless as Board Chairman
PADUCAH, Ky., April 11, 2017 The board of directors for Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of end-to-end financial technology solutions, has named John A. Williams, the company’s founder and long-time board chairman, as chairman emeritus.Read More -
CSI Demonstrates Compliance Expertise in Money Services Businesses, Insurance and Logistics with Expanded Website
PADUCAH, Ky., March 15, 2017 -- To reflect its expanding services for the insurance, money services businesses and logistics industries, Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of end-to-end financial technology solutions, has launched its newly redesigned website, www.csiweb.com, which highlights the company’s denied party screening and identity (ID) verification services for these industries.Read More -
CSI Declares $0.28 Per Share Cash Dividend
PADUCAH, Ky. – (March 2, 2017) – Computer Services, Inc. (CSI) (OTCQX: CSVI) announced that its Board of Directors declared a quarterly cash dividend of $0.28 per share. The dividend is payable on March 31, 2017, to shareholders of record as of the close of business on March 15, 2017. The quarterly dividend represents an indicated annual dividend rate of $1.12 per share.Read More -
CSI Launches Business-Oriented Mobile Banking Application
PADUCAH, Ky., Feb. 28, 2017 In order to meet the growing demand for mobile banking services for banks’ business accounts, Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of end-to-end financial technology solutions, launched a new mobile business banking application as part of the company’s suite of digital banking solutions.Read More -
CSI Named to CRN's 2017 Managed Service Provider 500 Listing for Fourth Consecutive Year
PADUCAH, KY., Feb. 21, 2017 – Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of end-to-end financial technology solutions, has been recognized as one of the largest managed services providers in North America for the fourth consecutive year by CRN, a brand of The Channel Company, in its 2017 Managed Service Provider (MSP) 500 list.Read More -
CSI Implements Industry-Leading Vendor Due Diligence Tool to Simplify Customers' Compliance Reporting
PADUCAH, Ky., Feb. 14, 2017 – Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of end-to-end financial technology solutions, has implemented an expanded compliance reporting tool for its WatchDOG® Elite customers that allows them to quickly and thoroughly validate CSI’s authenticity as a proven, secure third-party technology provider.Read More -
CSI Founder John A. Williams to Receive Honorary Doctorate Degree from Murray State University
MURRAY, Ky., Feb. 2, 2017 — Murray State University has announced that John A. Williams will be conferred an honorary doctorate degree at the University’s Spring 2017 Commencement exercises, to be held on Saturday, May 13, on the Murray State campus, in recognition of his ongoing support of the University.Read More
In The Press
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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.
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Murky UDAAP Is Here To Stay
Read MoreBankNews Learning Points; Online; May 2015
In August 2014, the Federal Reserve Board proposed to repeal UDAP, and the action is expected to become final in fall 2015. That solves the confusion between the two rules, since after that, there will only be UDAAP with which to contend.
However, the thought process behind the original rule—protecting consumers in a host of situations surrounding the collection of consumer debt—is here to stay.
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Take Three Steps to Service-Focused Branches
Read MoreHoosier Banker; Online; April 2015
Today, when a customer walks into a bank branch, they’re usually not there to deposit checks or make loan payments—those are tasks they can now accomplish from anywhere using mobile technologies. Rather, a branch visit these days entails solving an issue that needs a human decision, opening a new account or discussing such complex products as loans or financial planning.
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Breaking Down the Wall Between Printed and Electronic Documents
Read MoreBankNews; Online; April 2015
In an increasingly digital world, banks still have to manage, print, and ship thousands--if not millions--of sheets of paper each year. Creating, printing, and mailing statements, privacy notifications, account alerts, and other documents is still a critical function, and many banks rely on a trusted partner to help with the logistics.
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Using Big Data to Redefine the Customer Experience
Read MorePaymentsJournal; Online; April 2015
Investment in big data technologies continues to expand, according to Gartner’s most recent big data survey, in which 73 percent of respondents—comprising 300 members of the Gartner Research Circle’s core of IT and business leaders—have invested or plan to invest in business intelligence solutions in the next two years, up from 64 percent in 2013. The survey also indicates that organizations are coming off the fence about their big data options: the number of organizations stating they had no plans for big data investment fell from 31 percent in 2013 to 24 percent in 2014.