Software Solution for Optimizing Reserve Requirements
Carreker - now part of Fiserv

 | Market Profile | Program Benefits | Program Contacts | 

Other Endorsed Solutions from Fiserv:
| Core Processing | Image Processing and Clearing | Corporate Cash Management |
| EFT/ATM/POS | Check Fraud Reduction | FI Budgeting & Planning |
| Loan Origination Software |  Cash Inventory Software |

ReserveLink

Fiserv ReserveLink is a deposit reclassification solution that enables you to sweep transaction account balances into non-transaction accounts, transforming previously idle funds into income-earning investment assets for your organization.

Fiserv ReserveLink supports any size or type of organization with a Federal Reserve (FRB) Account, or multiple FRB accounts that exist due to mergers and acquisitions. It effectively evaluates the balance in each FRB master account, and automatically moves funds to your interest bearing accounts based on established rules and balance thresholds.

The ReserveLink system processes data from the bank's DDA master file and evaluates the balance in each account, based on established rules and balance thresholds.  Excess funds, i.e. funds over and above the threshold established for the account are then "swept" to a Money Market sub-account, leaving an amount equal to the threshold amount in the DDA sub-account.  If account activity causes the DDA sub-account balance to fall below zero or to zero, funds are "swept" back from the Money Market sub account to replenish the threshold level.  Movement from the Money Market sub account to the DDA sub account is tracked and limited to 6 sweeps to comply with Federal Reserve Regulation D.

A Dedicated Partner for Your Cash and Logistics Management

As a pioneer in the cash supply chain management field, Fiserv is the leading provider for deposit reclassification.  ReserveLink is part of the Fiserv Cash and Logistics suite which provides robust integrated modules that address all aspects of the end-to-end cash supply chain. From cash forecasting, to invoice reconciliation, and all points in between, Fiserv has the solution to meet your cash supply chain objectives.


MARKET PROFILE

ReserveLink can be used by financial institutions of any size.

PROGRAM BENEFITS

• Reduces reserve requirements by sweeping demand account balances into savings accounts, transforming previously idle funds (non-interest bearing Fed account) into investment dollars.
  
• Dynamic threshold process allows for consistent sweep efficiency of 90% plus, which is unmatched by any other solution on the market today.
  
• US Patented Algorithm dynamically analyzes each account's transaction activity on a daily, weekly and/or monthly basis to determine the optimum threshold balance amounts.
  
• On-going support and maintenance included.
  
• Complies with recent May 2007 Federal Reserve rulings and letters.
  
• No manual adjustments are required.
  
• Robust reporting and control package.
  
• No impact to customer accounts or deposit applications.
  
• No visibility on customer statement.
  
• Multi-platform/DDA system compatible—implement with any core processor.
  
• Automatic interest accrual tracking.
  
• Automatic posting to GL — making FR2900 reporting easier.
  
• Enhanced management of your Federal Reserve account.

PROGRAM CONTACTS

Carreker - now part of Fiserv
255 Fiserv Dr.
Brookfield, WI  53045
Contact: Joan Skimmons   Tel: (800) 872-7882
Email: 1connection@fiserv.com
Web site:  www.carreker.com

CAB CONTACT

Steve Polestak  Tel: (202) 663-5577