Most Popular Operations Content
Responding to Verification of Assets requests
04/27/2025
Do banks have a legal obligation to respond to verification of assets for Medicare or public housing? If so, is there a hard and fast rule for a response timeframe. We try to respond timely out of courtesy for our customer base, but the requesters have become increasingly aggressive and pushing for immediate responses. Due to the volume of requests and our limited staff, it is difficult to fulfill all of them the same day that they are received.
ECM cost savings
04/27/2025
How could the implementation of an ECM help a financial institution control its costs?
Courtesy Amount Recognition (CAR)
04/27/2025
What is courtesy account recognition (CAR)?
Get on Board with Payment Platforms - ACH, RTP and Beyond!
04/27/2025
Does this LLC need a new EIN?
04/20/2025
I have an LLC with two members. One member has sold out to the other member. Does the LLC need to get a new EIN and account or can it keep the same EIN and account?