PADUCAH, Ky., Sept. 18, 2017 -- In an effort to identify the generational expectations around such topics as money movement, communication and security, Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of end-to-end financial technology solutions, has released a national study with The Center for Generational Kinetics that examines the banking preferences of millennials.Read More
PADUCAH, Ky., Sept. 12, 2017 – In its annual ranking of the 100 largest global financial technology providers, IDC Financial Insights named Computer Services, Inc. (CSI) (OTCQX:CSVI), a provider of end-to-end financial technology solutions, to the 2017 IDC Financial Insights FinTech Rankings for the sixth consecutive year.Read More
Heartland State Bank Gains Customizable Core, Enhanced Mobile Banking Capabilities through Relationship with CSIPADUCAH, Ky., Aug. 23, 2017 — In order to provide its customers with stronger digital banking solutions, North Dakota-based Heartland State Bank has selected Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of end-to-end financial technology solutions, as its new core and mobile banking technology provider.Read More
PADUCAH, Ky., Aug. 17, 2017 — Computer Services Inc. (CSI) (OTCQX:CSVI) announced today that R. Stanley Eckenberg, the company’s president, plans to retire in June 2018.Read More
PADUCAH, Ky., Aug. 8, 2017 — As financial institutions prepare for the new Current Expected Credit Loss (CECL) guidelines set forth by the Financial Accounting Standards Board (FASB), Computer Services, Inc. (CSI) (OTCQX:CSVI) has aligned with Argus to offer its customers access to Argus’s CECL/ALLL solution.Read More
PADUCAH, Ky., July 26, 2017 – Computer Services, Inc., (CSI) (OTCQX: CSVI), a provider of end-to-end financial technology solutions, has achieved the renewal of its Cloud and Managed Services Master (CMSP) designation worldwide, which is an elite certification offered by Cisco.Read More
PADUCAH, Ky., July 17, 2017 – 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
PADUCAH, Ky. – (July 12, 2017) – Computer Services, Inc. (CSI) (OTCQX: CSVI) announced that its Board of Directors approved a 10.7% increase in the quarterly cash dividend to $0.31 per share.Read More
PADUCAH, Ky., July 10, 2017 -- In order to help its customers tap into the burgeoning online lending market, Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of end-to-end financial technology solutions, has partnered with RCGILTNER Services, Inc., to offer online lending solutions for both personal and small-business loans with near real-time approval.Read More
PADUCAH, Ky. (June 29, 2017) – Computer Services, Inc. (CSI) (OTCQX: CSVI) announced today that shareholders elected two directors and approved the ratification of the appointment of RSM US LLP as independent auditors for fiscal year 2018.Read More
In The Press
New Administration, Renewed Focus on BSA?
WIB Compliance Digest; Online; April 2017
On Feb. 9, his 21st day in office, President Trump released an executive order (E.O.) that essentially serves as a “call to arms” against criminal organizations, as part of his pre-election promise to restore law and order to the United States.
Institutions must consider how watch lists and additional government lists come into play … namely, 314a.
A Seamless Society Demands Omnichannel Banking
BankNews Learning Points; Online; April 2017
The digital evolution has brought new and uncharted challenges to financial institutions, namely keeping the consumer experience consistent across digital, mobile, ATM and in-branch channels. To help banks face these challenges, omnichannel banking has emerged as the solution.
CECL: Your Step-by-Step Guide to Compliance by 2020-21
The Arkansas Banker; Online; April 2017
Very soon, CECL will fundamentally change how the financial industry accounts for loan loss reserves. Currently, institutions can’t record expected losses until deemed “probable.” Because of this limitation, they were inadequately reserved before the 2008 financial crisis.
The following guide takes your institution through CECL implementation, one step at a time.
With core conversions, the question isn't if, but when
American Banker; Online; March 2017
Expense and risk has kept many U.S. banks from modernizing their core systems, but executives at one community bank that completed the project this past summer say they are happier for having done it.Two Rivers’ bank unit went live in early August with a NuPoint core system from Computer Services, Inc.
No Easy Answers as E-Retailers Contend With Compounding Payments Developments
Digital Transactions; Online; March 2017
Rattle off a selection of payment trends—EMV, tokenization, fraud—and many e-retailers may be beset by apprehension.
That’s especially true if the retailer looks to support emerging payment types, according to Matt Herren, director of payments analytics at Computer Services Inc., a Paducah, Ky.-based financial-technology provider.
How Will Machine Learning Affect the Financial Services Industry?
WIB Tech & Security Digest; Online; March 2017
Since the dawn of the Industrial Revolution, society has grappled with what man could produce versus a machine, and with each mechanical invention, man ultimately benefited. This century will be no different, and one of the key business disrupters will be machine learning.
Customers buy experiences now, not products and services
Banking Exchange; Online; February 2017
It has been said many, many times that the key to growth in these technology-heavy times is boosting customer satisfaction, which in turn requires improving the customer experience.A survey of more than 160 bank executives by Computer Services, Inc. found that 55% plan to increase spending on customer experience initiatives this year. At the top of this list of initiatives, 41% of respondents cited digital banking enhancements.
Turning the Spotlight on Information Security Programs
BankNews The Guide to Compliance 2017 (page 10); Online; February 2017
Lately, the FFIEC has its hands full keeping stride with the accelerating speed of technological advancements and increasing sophistication of cyberattacks.The agency’s recent Information Security Booklet revision focuses on information security programs in an effort to increase security awareness, effectiveness and resiliency. To help institutions digest the 98-page update, we’ve analyzed the September 2016 booklet and discovered seven key takeaways on which financial institutions must act.