BancSource is pleased to announce the latest in a number of partnerships to complement its profit and risk management solutions for OBA members.

BancSource has partnered with Payment Streams Solutions, a subsidiary of Profit Technologies Inc., to provide Smart Check Recovery (SCR), a comprehensive, full service check recovery solution for banks to extend to their business and commercial customers.

After extensive due diligence on the market and available solutions, BancSource chose Payment Stream Solutions for a number of reasons, including:

• they collect on the returned deposit item more often; 
• they collect it faster; 
• they give back 100% of the dishonored check and the Bank RDI fee if allowed by state law; 
• they are a full-service provider - meaning they provide an electronic process and a manual collection process if requested, and; 
•  they are 100% compliant in all states and across all markets and the solution is free of charge to the merchant and the bank.

If your bank has never considered utilizing a full service check recovery solution, consider this list of benefits: 

• It gives a bank a competitive edge, thereby enhancing client acquisition opportunities. 
• It improves retention and life-time value of a bank's commercial clients. 
• It improves a bank's commercial customer’s cash flow. 
• It compliments a strategic marketing approach. 
• It presents an opportunity to increase bank revenue by creating a new revenue source.
• The solution is free and easy to implement for both the bank and the merchant. 
• The new revenue stream will help mitigate the impact of Reg E.

For more information about BancSource’s new Smart Check Recovery Solution, contact Jason Berman, Senior Client Manager with Profit Technologies at (253) 225-6664 or jberman@profit-tech.com. 

OBA Members:

Please plan to join us for an information webinar about this new BancSource solution.  Click below for more information.

• August 17, 2010 | 10:00 AM
• August 19, 2010 | 2:00 PM
  

IT-Lifeline, the Northwest’s foremost provider of Disaster Recovery and Business Continuity solutions, is the first recovery and continuity solution provider endorsed by the Oregon Bankers Association. IT-Lifeline will work cooperatively with OBA subsidiary BancSource to offer its member banks recovery and continuity solutions in the event a technology catastrophe affects service to their customers.

IT-Lifeline will become an associate member of the Oregon Bankers Association and have the opportunity to inform Association members of the importance of all aspects of Business Continuity, from planning and data and business application security and availability to recovery facility options.

“Today, resumption of service to customers after a nature or man-caused emergency is nearly 100% contingent on a bank’s ability to quickly reestablish the technology infrastructure”, says Gene Meyer, President of BancSource. “Behind every successful continuity experience is a solution provider you can count on. We are very pleased to endorse and help promote the IT-Lifeline solution to the OBA membership.”

IT-Lifeline leaders are eager to participate in OBA events, and gratified to be of service to Oregon banks.

“It’s an honor to qualify and become an OBA partner,” says Jim Sandford, IT-Lifeline COO. “There’s a rigorous examination period, where BancSource vetted our organization, and high levels of service on behalf of the Association, and ongoing benchmarks to ensure top performance in the future. We’re proud to say our experts and solutions were found to be up to the challenge of being OBA’s first business continuity solution provider.”

BancSource and Office Depot have already partnered to bring OBA members a very well received discount program. Now, we are excited to bring these discounts to OBA member employees as well.  You can shop online or at any one of Office Depot's retail store locations and receive 40-60% off a core list of 100+ items, plus 10% off all catalog items and free shipping.

Getting Started is Easy!

To start taking advantage of the Employee Discount Program, simply visit our online registration link and create a new account. You can also register your credit card so the same discounts you receive during your online shopping will be available to you at Office Depot's retail locations.