Sets Us Apart
IMPACT’s proprietary software application, Overdraft Manager 3.0, was designed to meet and adapt to the ever-changing regulatory environment.
-
Robust reports for effective management oversight
-
Excessive use monitoring, reporting, and counseling communications
-
Advanced history tracking at the accountholder level
-
Proven risk management and collection system
DESIGN
We analyze existing overdraft rules, processes and philosophy so we can customize your new program to effectively balance the needs of your bank and your account holders.
COMPLIANCE
Program disclosures clearly communicate program features, alternatives, check clearing procedures, and eligibility requirements.
DOCUMENTATION
Program documents, policies and accountholder communications meet FDIC guidance standards. Professionally designed and regulatory compliant awareness materials inform consumers without encouraging overuse.
TRAINING
Comprehensive staff training is conducted by experienced IFS Project Managers who teach employees how to effectively communicate program features to your account holders.
IMPACT Has It Covered
On November 24, 2010 the FDIC released its Financial Institution Letter, FIL-81-2010, Overdraft Payment Programs and Consumer Protection Final Overdraft Supervisory Guidance.
IMPACT Financial Services has always taken a proactive approach to balance consumer and bank protection. As a result, IMPACT Overdraft Solutions (IOS) already addresses the majority of the actions recommended by the FDIC.
Overdraft management solutions is our primary business and we focus our resources to ensure that we offer the best, the safest, and the soundest overdraft program in the industry. And we back it all up with our compliance guarantee.
We are on top of it, so why not update and automate your overdraft program with a system that is guaranteed to meet proposed FDIC guidance? Complete the form below to request more information or schedule a presentation.
Request A Demo or More Information
Please complete the form below and submit.