Deposit Analysis Service
Overview
At no time in recent history has the U.S. payments system been subjected to the convergence of such significant and diverse drivers of change:
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Regulator-mandated requirements to support image and electronic payments alternatives (Check 21) |
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The need for paced and deliberate deconstruction of the paper payments infrastructure to reflect diminished volume |
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A vastly expanded array of new payments products and prices to be deliberated |
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Increased scrutiny of operational risk |
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Market risk brought about by competitive pressures |
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Federal Reserve Bank restructuring |
The AFS Deposit Analysis Service enables bankers to proactively identify the risks and opportunities inherent in these changes and to assess their impacts individually and collectively on their respective organizations.
Uniquely, AFS integrates, develops, manages, and continually updates a customized client database, which, together with AFS' proprietary library of payments product offerings, availability schedules, and prices, populates AFS' payments decision support system. Client data and AFS' analytic capabilities are accessible to client staff via the Web, or decision support analysis can be outsourced to AFS' payments experts. AFS takes responsibility for the complexities of developing and updating decision support data to enable clients to more effectively accelerate response to change, thereby enhancing performance.
Benefits
Risk Mitigation
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Enables more rapid response to changing market conditions, reducing market risk |
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Minimizes non-earning assets |
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Quantifies value of operational losses (missed sends, equipment failure, inadequate staffing, etc.) |
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Enables fast and accurate analysis of back-up alternatives to minimize loss |
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Automates and documents decision support analytics for process control |
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Increases accuracy and precision of clearing and pricing decisions |
Cost Reduction
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Reduces overall cost of collection, including transportation, processing, float, and clearing costs |
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Reduces data collection, integration, and maintenance costs |
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Eliminates cost of maintaining databases of public and private clearing alternatives for ongoing evaluation |
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Reduces staff time and expense for analysis |
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Facilitates and accelerates analysis of processing site consolidation scenarios |
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Enables quantification of the value of branch image capture by individual branch and in aggregate |
Revenue Enhancement
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Improves customer and product profitability |
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Facilitates identification of pricing opportunities |
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Provides demonstrable comparison of availability schedules for marketing purposes |
Features
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Contains up-to-date databases of Federal Reserve, NCHA, and correspondent bank price and availability schedules for all national paper and image exchange payment products options, maintained and updated by AFS |
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Contains customized profiles of customer deposit data |
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Contains a comprehensive database of fixed and variable client check clearing costs, maintained and updated by AFS |
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Contains client transportation costs, maintained and updated by AFS |
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Contains all client availability schedules, maintained and updated by AFS |
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Provides a state-of the-art analytic system to evaluate payments clearing strategies for use in-house or outsourced to AFS' payments experts |
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Provides secure automated transmission of data from bank to AFS |
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Provides secure Web access to all data and analytic capability for client staff enterprise-wide via AFS' Application Service Provider (ASP) delivery |