District to Host Educational Seminars

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ECP, FCA, EFT 99. Sounds a bit like alphabet soup. Truth is, differentiating among the Fed's financial services can be a bit confusing. Sort through it all at one of our upcoming educational seminars, to be held this year throughout the Eighth District.

Teaming Up With Technology

Starting this spring, the Independent Bankers Association of America (IBAA) and the Federal Reserve System will co-sponsor educational seminars featuring several initiatives important to community bankers. The seminars, called Community Banks: Teaming Up With Technology, will cover the following topics:

• Automated Clearing House (ACH)
• Financial Electronic Data Interchange (FEDI)
• Electronic Funds Transfer
• Check Imaging
• Functional Cost and Profit Analysis (FCA)

You will learn the benefits of such services, including how they can streamline your services, improve efficiency, reduce expenses and enhance your services.

The seminars also will update you on the EFT 99 legislation and how it will affect your customers. If you are interested in learning more about EFT 99, as well as some state mandates requiring the use of electronic payments, you can attend Surviving the Government Mandates in April (see Reserve Note article on page four).

These full-day seminars will include staffs from Reserve Banks, IBAA, local ACH associations and software vendors, all of whom will be on hand to answer your questions. Also featured will be peer panels, where local community bankers discuss their experiences with a specific service. A resource room will allow the Fed's vendors to demonstrate products one-on-one.

For more information about our upcoming Community Banks: Teaming Up With Technology seminars in your area, call Carrie Andert in St. Louis at (314) 444-8946.

Sample Our Check Menu

Memphis area bankers are invited to partake in a special array of offerings off its electronic check presentment menu at a symposium to be held April 28 at the Memphis Branch. At this symposium, bankers can learn more about our electronic check presentment (ECP) and check imaging services.

This symposium is designed to provide information on Memphis' electronic check services. Reserve Bank staff and software vendors will answer your questions. Area bankers also will discuss how these services have specifically helped them improve their services. A vendor resource room will be available at this symposium.

Symposium participants can request a free MICR Presentment and/or check imaging cost analysis, plus a free, two-week trial offer of MICR Presentment services for new payor bank customers.

If you ever thought of trying these electronic check services, you won't want to miss this event. For more information or to register, call Susan Bivens in Memphis at (901) 579-2405.

Check Adjustments Workshop

Ever wonder why it takes so long for adjustments to reconcile? What's the process? Plan now to attend our check adjustments workshop to be held late this summer in Memphis. The workshop is designed to help bankers understand the adjustments process, with a special emphasis on using FedLine® software for your adjustments (see article).

Workshop attendees will receive an adjustments workbook outlining sample adjustments and the procedures involved. Registration materials will be mailed mid-summer. For more information, call Susan Bivens in Memphis at (901) 579-2405.