News
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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 -
CSI Survey: Innovation, Service Driving Consumer Banking Choices
PADUCAH, Ky., Dec. 1, 2015 — As millennials reach an age where they are making significant banking decisions, a recent survey by Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of financial technology solutions, suggests two strategies that banks should employ to capture this particular customer base. The survey indicates that financial institutions should offer both competitive technology options to attract new customers and high-quality customer service to retain them.Read More -
CSI Declares $0.25 Per Share Cash Dividend
PADUCAH, Ky. – (Nov. 16, 2015) – Computer Services, Inc. (CSI) (OTCQX: CSVI) announced that its Board of Directors declared a quarterly cash dividend of $0.25 per share. The dividend is payable on December 28, 2015, to shareholders of record as of the close of business on December 1, 2015.Read More -
CSI’s Cybersecurity Risk Assessment Recognized in Eighth Annual Innovative Solutions Awards
PADUCAH, Ky., Nov. 9, 2015 – Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of end-to-end financial technology solutions, today announced its Cybersecurity Risk Assessment service has been recognized as Best Consulting/Outsourcing/Training Solution in the 2015 BankNews Innovative Solutions Awards.Read More -
CSI Survey: Safety of Financial Information Emerges as Top Concern for U.S. Consumers about Their Banks
PADUCAH, Ky., Oct. 28, 2015 — According to a new survey from Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of end-to-end financial technology solutions, a full 80 percent of consumers cited their bank’s ability to ensure the safety of their financial information as their greatest concern, regardless of demographic.Read More -
CSI Recognizes Forward-Thinking Customers, Technology Efficiency at Annual Customer Conference
PADUCAH, Ky., Oct. 21, 2015 - Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of end-to-end financial technology solutions, honored three institutions for their outstanding approach to technology and service as part of the company’s third annual Seeing Business Differently Awards: Citizens National Bank, The Eastern Colorado Bank and Cornerstone Bank.Read More -
CSI Named One of the World's Top Financial Technology Providers by American Banker and BAI
PADUCAH, Ky., Oct. 14, 2015 – Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of end-to-end financial technology solutions, was named to the 2015 FinTech Forward 100 list of the leading technology providers in the world. Appearing on the list for the second consecutive year, CSI ranked #54 on this year’s Top 100 listing, which is a collaboration between American Banker and BAI.Read More -
CSI Aims to Boost Financial Institutions' Success with New "Banking Unleashed" Webinar Series
PADUCAH, Ky., Oct. 7, 2015 — In an effort to support the success of today’s financial institutions as the industry begins looking toward 2016, Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of end-to-end financial technology solutions, has introduced a new webinar series titled, “Banking Unleashed.”Read More -
CSI Reports Second Quarter Results
PADUCAH, Ky. (October 5, 2015) – Computer Services, Inc. (CSI) (OTCQX: CSVI) today reported its results for the second quarter and six months ended August 31, 2015.Read More
In The Press
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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.
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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.