Kapiti Inc. recently acquired the marketing rights to Express, an application that allows corporate clients to manage their international trade finance business by providing them direct access to their bank's systems and with links to the corporation's other offices.
The product is geared to smaller banks with little expertise in international trade financing, as well as for those interested in establishing a communications link between branches and regional or head offices.
The system was developed by Tseng Technology Inc., a Seattle-based firm specializing in trade finance technology.
The PC-based system allows employees to access their bank's systems to initiate or check the progress of a trade finance transaction. It can be integrated with back-office trade finance packages from other suppliers. It can also be used as a message link between correspondent banks.
MortgageFlex Adds Flood Zone Feature
MortgageFlex Systems Inc., a supplier of loan origination, advanced secondary marketing, and point-of-sale software, added flood insurance certification to its residential lending system. This feature will permit mortgage lenders to electronically dispatch property location information to Palma-Lazer & Ulsh Inc. That company will provide flood zone certification for the property, delivering the certificate electronically to the lender within 24 to 48 hours.
MortgageFlex Systems, located in Jacksonville, Fla., is marketing the software with Richardson & Associates Inc., marketing consultants in Myrtle Beach, S.C., for Palma-La-zar & Ulsh.
Ampersand Offers Sellstation Upgrade
Ampersand, the branch automation division of Electronic Data Systems Corp., released the latest version of its Sellstation software, a sales and relationship management tool used by bank's sales and service personnel to cross sell products. The newest version adds teller and lending applications and incorporates multimedia capabilities.
The software operates in a Windows environment. It is built on a data dictionary that stores current information during the customer session. The new version provides presentation screens with video and sound capabilities. Text and graphics presentations can be created as well.
Nacha Gulde To Operating Rules
In an effort to keep track of the innumerable procedures and rules governing the use of the National Automated Clearing House, the association released a computerbased guide to access operating rules and guidelines, Regulation E - the rules that apply to banks' automated teller machine and debit card programs, and official staff commentary on Regulation E.
Available on diskette, information can be retrieved using an index and subdirectory on different topics, regardless of their location. A historical function automatically highlights the current article or topic in a particular document and information on topics that the user previously accessed. A search function highlights specific subjects, such as unauthorized transactions or returns, and then provides instant access to all references to that subject.
ACH RulesLink is available from Nacha for $75 for members and $150 for nonmembers.
New Laser Printer For Checks from Troy
The newest laser desktop check printer from Troy prints 12 pages per minute of checks on demand from blank stock. The magnetic ink character recognition printer is suitable for institutions requiring moderate to low-volume check production in both local and remote locations. It encodes the magnetic ink characters, logos, and signatures.
The printer features a number of security designs, such as disabling the auto reprint of pages after a paper jam, there-by avoiding reproduction of check numbers.
Messages can be sent between the printer and the host computer, enabling users to monitor the check printing process from their personal computer screens and receive notification when the printer runs out of paper or toner.
The system integrates with most mainstream accounting, cash management, and check printing software.
Troy, a division of Pierce Companies Inc., is based in Santa Ana, Calif.
New Starter Kit For Bulletin Board
Galacticomm Inc., of Fort Lauderdale, Fla., introduced a product that enables banks to start their own electronic bulletin board systems. It can be used to communicate with clients, download information, and exchange information with member firms, auditors, and government regulators.
The latest release of the company's service, called Major BBS, provides a graphical user interface.
3 New Systems Avallable from Fiserv
Fiserv Inc., Milwaukee, has announced the availability of three software systems for use with the International Business Machines Corp. AS/400 client-server solution. The three products are the Comprehensive Banking System, PSTeller, and the Fiserv Cash Management System.
CBS is an AS/400 hostbased retail banking software application. It provides full banking capabilities for customer management, deposit accounting, loans, transaction processing, general ledger, and management information support. The integrated CBS software resides on the AS/400, and functions as the host and server for software operating on personal computers in branches, remote offices, and departmental operations. The server application is completely parameter-driven for ease of implementation and control by the bank, and is available in a multicurrency, multilingual environment.
The PSTeller system provides for intelligent work-station interface to host-based banking systems. It supports all of the front-end cashiering functions at the teller and branch levels for customer transaction processing, cash handling, balancing, transaction messaging, and host access for on-line updates.
The Fiserv Cash Management System provides both the server and client software for bank customers to dial in and access their accounts.