CSI Enhances WatchDOG® CIP Capabilities with New Identity Data

CSI simplifies fraud detection, adds to sophistication of data

Financial industry regulators consistently introduce new guidelines to ensure the safety and security of today’s financial institutions and their customers. Even so, fraud losses rose to nearly $21 billion last year, averaging one attack every three seconds, according to a report from Javelin Strategy & Research.

In an effort to combat the growing instances of identity fraud perpetrated against financial institutions and their customers, Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of end-to-end technology solutions that empower financial institutions to remain competitive, compliant and profitable, has enhanced its existing WatchDOG® CIP solution with cross-industry, cross-account and cross-channel data, all maintained and secured by a leading provider of fraud prevention and risk management solutions. As part of CSI’s Regulatory Compliance Division, WatchDOG CIP assists financial institutions in collecting background information for new accounts—as required by Section 326 of the USA PATRIOT Act—while also ensuring the customer meets OFAC screening requirements and is not included on a terrorist watch list.

“As a trusted technology provider and partner to our bank and credit union customers, we consistently strive to design services and solutions that not only streamline tedious processes for financial institutions, but also ensure the safety and security of day-to-day operations to positively affect their success,” said Paul Koziarz, president and general manager for CSI Regulatory Compliance. “By offering this enhancement, we are able to augment our existing WatchDOG CIP solution with more robust data elements to simplify account approvals for our customers and help significantly reduce possible instances of fraud.”

WatchDOG CIP now offers financial institutions identity information providing greater insight than ever before, granting them a deeper view into the past account history of new customers in order to uncover potential fraudulent or criminal activity. As a result of the enhancements, WatchDOG CIP now enables users to:

More quickly identify high-risk individuals;
Open more “good” accounts;
Adjust risk tolerance levels with customizable parameters; and
Obtain higher quality matches resulting in fewer false positives.

Contributed by hundreds of financial institutions nationwide, this identity information represents the industry’s most current and accurate source of collaborative financial data. As a result, financial institutions have the ability to perform more thorough account assessments to prevent banking-related criminal activities that could potentially threaten their customers and the organization as a whole.

Since 1998, CSI’s Regulatory Compliance Division has provided organizations with software solutions and consulting services focused on OFAC watch list screening, risk management and fraud prevention. As a leader in the regulatory compliance space, CSI provides solutions and services that ensure customer success by leveraging the latest technology advancements to consistently deliver superior results.

About Computer Services, Inc.

Computer Services, Inc. (CSI) delivers core processing, managed services, mobile and Internet solutions, payments processing, print and electronic distribution, and regulatory compliance solutions to financial institutions and corporate customers across the nation. Exceptional service, dynamic solutions and superior results are the foundation of CSI’s reputation and have resulted in the company’s inclusion in such top industry-wide rankings as the FinTech 100, Talkin’ Cloud 100 and MSPmentor Top 100 Global Managed Service Providers List. CSI’s stock is traded on OTCQX under the symbol CSVI. For more information about CSI, visit www.csiweb.com.

For CSIBrandon Dyce, 615-545-1675orDavid Jones, 678-781-7238orStephen Sprayberry, 678-781-7207

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