FedLink Anywhere FedLink Anywhere is one of the modules available in the versatile FedLink wire transfer system designed to expedite wire transfers and reduce security risks for branch personnel and bank customers alike. The FedLink Anywhere system from Ocean Systems implements security configurations to secure transfers from the customer to the wire-room. Through multifactor authentication of customer requests such as authorization limits, signature requirements and dual controls, bankers can use the system to improve the collaboration between CSRs, Officers, and Backroom, providing a fast process for users that eliminates risk while offering a simpler process that surpasses those performed manually. User-oriented forms are specifically designed to simplify the preparation of wire transfers. The system is feature-rich, with numerous aids to assist the user, including templates for repetitive wires, multiple currencies, correspondent bank look-up, and automatic country code encoding. There is simply no more effective system today for streamlining wire transfers, maintaining security, and meeting compliance requirements. When making a Federal Reserve wire transfer, FedLink Anywhere allows you to make a seamless transfer without the paper work or the time investment required from a manual process. As soon as the payment request or notification is sent, the system begins to process the request as a wire transfer, including those received from the Federal Reserve. To get the benefits that are right for their needs, financial institutions can purchase the module or combination of modules needed to simplify their wire transfer process. As the name indicates, FedLink Anywhere allows customers of financial institutions and branch personnel to securely prepare and authorize requests for wire transfers from anywhere in the world. To further enhance the process, FedLink Anywhere can be configured to route to a designated Account Officer or approver without the need to manually prepare the wire request. When the customer requests a pre-defined dollar amount and funds are not available, the account officers will receive an email notification to approve a request for the Uncollected Funds or Overdraft. In addition to the faster speed and lack of paperwork involved, in comparison to manual wire transfers, there are also a number of security and operation benefits, including that it: Secures and Authenticates Customer Requests Eliminates Paper Eliminates Call Back Verification Applies Individual and Group Limits Facilitates Collaboration between CSRs, Officers, Backroom Establishes Dual Controls Throughout Process from Customer to Wire-Room Secures Authentication of Customer Requests Reduces Fraud
Enforces Signature Requirements The modules from Ocean Systems (http://www.oceansys.com) are designed to provide banks with the AML monitoring and international payment software solutions that will meet various regulatory risk and compliance requirements. These systems are highly intuitive and automated to expedite the wiring process while meeting risk and compliance requirements. The FedLink Wire Transfer System is composed of a variety of modules that financial institutions can combine to minimize transaction processing times, while also improving the level of service provided to every client. Conforming to fedwire and international payment regulations is effortless, and the individual modules allow you to choose the features that are right for your institutions. The modules available in the FedLink System are: FedLink Anywhere FedLink Multicurrency FedLink Direct Connect FedMail Notifications SWIFT Straight Through Processing The flexibility of FedLink Anywhere and the ease with which financial institutions can perform a faster, better level of service make it an ideal tool for businesses located anywhere.