PADUCAH, Ky. - (October 13, 2009) - Computer Services, Inc. (CSI) (OTCQX: CSVI) recently announced the release of NuFundTM, a new product designed to allow consumers to open and fund new accounts on the Internet.
NuFundTM allows potential bank customers to apply for deposit accounts Online - from the convenience of their homes or offices. The product is low-maintenance for banks and user-friendly for customers. In fact, a customer can apply to open a checking, savings, Certificate of Deposit (CD), or Health Savings Account in less than 10 minutes.
Not only does NuFundTM offer the flexibility and convenience today's consumers prefer, it also provides security and regulatory compliance components today's banks require.
According to Chad Abernathy, Vice President of First Clover Leaf Bank in Edwardsville, Illinois, NuFund's security features are second-to-none in the industry. "We are very happy with the security NuFundTM offers, and we jumped at the chance to beta test the product when CSI released it earlier this year," Abernathy explained. "It was important to us that NuFundTM checks the customer's information against the OFAC Watch List and verifies the customer's identity using "out of wallet" questions that ask for information only the customer should know. NuFundTM integrates seamlessly with our core solutions and it is the perfect tool to help us increase our geographic footprint and deposits."
Bob Ezell, CSI Vice President of Product Marketing, echoes Abernathy's comments. "Growing new accounts from the Online channel is a cost-effective process that allows banks to acquire additional core deposits," explained Ezell. "NuFund's fast and easy implementation process allows banks to offer sales channels outside their traditional brick and mortar facilities."