News
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CSI Consumer Survey: Nearly 3 in 10 Consumers Willing to Use Mobile Wallets in the Next Six Months
PADUCAH, Ky., August 10, 2016 — Although mobile wallets are a relatively new form of payment, nearly 3 in 10 consumers (29 percent) expressed a willingness to adopt this emerging payments alternative in the next six months, according to recently released results from a consumer survey by Computer Services, Inc. (CSI) (OTCQX: CSVI), a leading provider of financial technology solutions.Read More -
CSI Consumer Survey Uncovers Multiple Differences on Banking Preferences Among Millennials, Gen Xers and Baby Boomers
PADUCAH, Ky., July 27, 2016 — While older generations expect their financial institution to understand their banking needs, Millennials—or individuals between the ages of 18 and 34—are less demanding that their financial needs be understood, according to a recent consumer survey by Computer Services, Inc. (CSI) (OTCQX: CSVI).Read More -
CSI Increases Mobile Banking Presence with 100 New Customers in Six Months
PADUCAH, Ky., July 12, 2016 – Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of end-to-end financial technology solutions, has signed its 100th mobile banking customer within six months after launching a new mobile banking platform.Read More -
CSI Reports First Quarter Results
PADUCAH, Ky. (July 7, 2016) – Computer Services, Inc. (CSI) (OTCQX: CSVI) today reported its results for the first quarter ended May 31, 2016.Read More -
CSI Increases Cash Dividend 12 Percent to $0.28 Per Share
PADUCAH, Ky. – (July 6, 2016) – Computer Services, Inc. (CSI) (OTCQX: CSVI) announced that its Board of Directors approved a 12% increase in the quarterly cash dividend to $0.28 per share.Read More -
CSI Holds Annual Meeting of Shareholders
PADUCAH, Ky. (June 30, 2016) – Computer Services, Inc. (CSI) (OTCQX: CSVI) announced today that shareholders elected three directors and approved the ratification of the appointment of RSM US LLP as independent auditors for fiscal year 2017.Read More -
CSI Named to CRN’s 2016 Managed Services Provider 500 Listing for Third Consecutive Year
PADUCAH, KY., June 14, 2016 – The Channel Company has recognized Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of end-to-end financial technology solutions, as one of the largest managed services providers in North America for the third consecutive year in the publication’s 2016 CRN Solution Provider 500 list. CSI placed once again in the top 20 percent of all companies listed.Read More -
Rondout Savings Bank Broadens Technology Capabilities through New Core Platform from CSI
PADUCAH, Ky., June 1, 2016 — In order to further support both its clients’ banking needs and the bank’s existing business goals, Kingston, New York-based Rondout Savings Bank has partnered with Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of end-to-end financial technology solutions, as its new core technology provider.Read More -
CSI Ranks First in Tier One Managed Services Companies, According to MSPmentor 501 Global Edition
PADUCAH, Ky., May 26, 2016 – Computer Services, Inc. , (CSI) (OTCQX: CSVI), a provider of end-to-end financial technology solutions, has placed among the top 10 of the world’s largest managed services providers (MSPs) according to Penton Technology’s annual MSPmentor 501 Global Edition.Read More -
CSI Chief Executive Officer Steve Powless Receives Nathan B. Stubblefield Award from Murray State University
PADUCAH, Ky., May 23, 2016 – Steve Powless, chief executive officer of Computer Services, Inc. (CSI) (OTCQX: CSVI) has received the Nathan B. Stubblefield Award from Murray State University.Read More
In The Press
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What to Expect from the CFPB in 2016
Read MoreWestern Banker; Online; October 2015
Hard to believe, but the sun will soon set on 2015. And aside from preparing for the transaction frenzy that will soon swoop in with the coming of the holidays, it’s high time to review the upcoming regulatory horizon to help calibrate your bank’s compliance priorities and determine the expectations of federal regulators.
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5 Steps to Passing Your Next Regulatory IT Exam
Read MoreCommunity Bankers of Iowa; Online; October 2015
Following the pilot cybersecurity exams conducted last summer by the FFIEC, many banks aren’t sure what to expect at their next IT exam—if that’s indeed where cybersecurity will be addressed—and fear the worst. But, rather than be paralyzed by fear, address the areas on which federal regulators most likely will focus at exam time by following five steps.
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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.”