View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
November 10, 2009

Attus enhances automated Reg E compliance offering

Claims to streamline automation of EFT errors

By CBR Staff Writer

Attus Technologies, a provider of Software as a Service (SaaS) regulatory compliance offerings, has enhanced WatchDOG for Reg E to further streamline the automation of Electronic Fund Transfer error claims.

The company said that it has added several valuable reporting features to this upgrade. It allows financial institutions to view, print or export to Excel or a PDF any system reports, including new Claim Amount and Claim Detail reports.

According to Attus, the built-in templates for required customer notices can now also be customised as per the specific needs of an investigation or the financial institution. WatchDOG for Reg E has an expanded notices section to enable an institution to generate all related documents that incorporate necessary information from the claim. Unlimited documents can be created, including vendor documents, such as the WSUPP form or Visa/MasterCard chargeback form.

Through Claim History Reporting option all the key dates of the claims can be accessed. The initial claim notification, all status changes, print dates for customer notices, and when provisional and final credit were calculated and issued are all accessible, the company said.

Content from our partners
How designers are leveraging tech to apply the brakes to fast fashion
Why the tech sector must embrace faster, smarter talent recruitment
Sherif Tawfik: The Middle East and Africa are ready to lead on the climate

Lori Moore, director of Attus, said: WatchDOG for Reg E provides a significant cost savings over any financial institution’s manual Reg E process but it also facilitates a more thorough audit trail for improved compliance adherence and documentation. One of the most effective tools added is ‘Claim History Report,’ which provides all timeline activity for an individual claim or a series of claims.

Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU