Bankers Online Monthly Roundup

July 3, 2003

Here's our BOL MONTHLY ROUNDUP
Designed to recap what happened on BankersOnline.com in the previous month and take a look ahead at what you can expect in July.

Welcome to the BOL Family

A warm welcome to the following companies who have joined BankersOnline.com or BOL Vendor Connect or renewed during the past month as advertisers or sponsors. These companies help make BOL possible. We urge you to learn about their offerings today!

AutoScribe -- its integrated payment management systems improve the way financial institutions receive and process payments.
Banc Compliance Group -- provides financial institutions with a risk-based compliance/consulting/auditing solution.
ChoicePoint -- helps to reduce fraud and mitigate risk with their suite of products, including due diligence and authentication solutions.
Continuity Solutions -- assists with your disaster recovery/business continuity needs, with services relating to ongoing testing and maintenance plans.
Experian -- offers fraud solutions which bring together best practices for balancing privacy protection and fraud prevention to help banks prevent losses.
Mitek Systems -- provides check imaging software, as well as a new fraud detection solution to help banks detect fraudulent checks as they are presented.
Primary Payment Systems (PPS) -- Early Warning solutions help mitigate operational losses by detecting high-risk deposits, payments and individuals.
PCI Corporation -- produces integrated banking solutions addressing CRA, HMDA, fair lending and flood zone determination.
TREEV -- furnishes document solutions for lending, signature cards, imaging, report management, application outsourcing and disaster recovery.
World Compliance -- provides KYC and AML solutions, including an extensive fraud database of regulatory and criminal actions, searchable in seconds from one search box.

Did you miss a previous issue of the Round Up? Click here for May and June.

Guru Spotlight

This month we'd like to introduce you to John Burnett.

John joined Cape Cod Bank and Trust Company in 1971. He assumed his role as Compliance Officer in 1976. He also serves as corporate secretary and secretary of CCBT’s Board of Directors, as well as Clerk of the bank’s holding company.

He graduated with honors with the Class of 1990 from ABA’s Stonier Graduate School of Banking. He is also a graduate of the BAI’s and the Massachusetts Banker Association’s Schools of Banking.

Click over to Guru Central to learn more about what our gurus can do for you.

New in the Banker Store

This manual provides you with guidance, analysis and sample policies and procedures necessary to implement changes made by the USA PATRIOT Act to the Bank Secrecy Act. It does not include coverage of the provisions related to international banking, but focuses on domestic issues. More information.

This 110-page manual gives you an overview of Bank Secrecy Act (BSA) compliance requirements. It is a handy, understandable reference manual. More information

What's New

Internal Control Discussion
Haven't checked in on the Audit forum within Banker's Threads lately? Threads user "Risk Officer" has taken the initiative of starting a weekly discussion series on internal control issues. Each week, he'll post questions for discussion on an internal-control related topic. So far, it's a winner! (Hint: This week's thread is titled "Swiss Cheese, Anyone?")

Want to participate more in BOL? Do you have a burning desire to write? Aspire to be a Guru? Think you'd like to serve as a forum moderator? Have ideas to contribute? We would love to hear from you!

eCard Additions

Is someone you know working too hard? Send them a "virtual vacation" with an eCard from the Just Because section of the BOL eCard Exchange.

Know someone who needs to "lighten up"? Send them an ecard invitation to join you at the BOL Water Cooler forum in Bankers' Threads, where they're sure to find something to smile about. You'll find the card in the Office Humor section of the eCard Exchange.

July Webinars

Two excellent BOL Learning Connect online training programs are scheduled for July.

7/16 - REGULATION Z - Regulatory Hotspots
Presented by Jack Holzknecht

7/23 - ADVERSE ACTION: Decisions, Notices - How Hard Can It Be?
Presented by Lucy Griffin

Plus, we've started filling up our fall Webinar slate. Mark your calendar now for the following upcoming online events:

-9/10 - Subpoenas, Summonses and Search Warrants

-10/8 - Living Trusts and Other Weird New Account Issues

-10/14 - IRS Information Reporting

-11/3 - Suspicious Activity Reporting

-11/19 - Dealing with Problem Checks

-12/3 - IRA Review

Is there a topic you'd like to see?

Coming in July . . .

We're on a mission to identify some of the most frequently asked and answered questions on the site. We'll be putting them in a "Been Asked...Been Answered" section, making it the perfect spot to click to when you have a question you believe others have probably posed previously. Watch for it!

We'll also be featuring our Ballpoint Bandit series. In it, you'll find the most outrageous check fraud cases submitted by BOL users. It's not too late to share your story -- simply email it to BOL

Subscribe to the BOL Executive Briefing monthly email.
In the July Executive Briefing, we provide a heads-up for senior management on the need to file comment letters on Treasury's questions about retaining copies of ID and accepting foreign-issued identification. Plus, we explain why corporate governance is currently such a hot button. There's also advice on how to protect your loan portfolio from Reg B problems in the wake of the recent changes, tips from former hacker Kevin Mitnick, and a $1.1 million BSA reminder.