On the Money Newsletter: Autumn 2006

Magex Deal Adds P2P Line

Two major new systems joined the
BankServ product line in September as
the company completed a deal to acquire
a division of London-based Magex
Holdings Ltd. Known collectively as the
Magex Managed Payments Platform, the pair of products let users send person-to-person payments either online or using their mobile phones.
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President's Corner: Remote Deposit Gets 'PASS' into Windows Vista

If you've been keeping up with the latest news about Windows Vista, the next- generation operating system from
Microsoft, you've probably heard by now about the delays that have pushed back its release to the general public until early
2007. That probably came as a disappointment to a lot of consumers in
the market for a new PC — many of whom were left facing an extra decision about technology: Do I buy a new computer before the holidays and update my software later, or hold out until the Vista launch and take care of it all at once?
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New Project Aims to Combine Fed, SWIFT Processing in One System

For banks using two separate systems to process Fedwire and SWIFT transactions in their U.S. offices, a simpler solution may be on the horizon. In collaboration with SWIFT, BankServ has begun development of a new service that will combine Fed and SWIFT functionality into a single interface.
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100th Bank Signs Up For GFX Wire System

BankServ is pleased to announce that it has surpassed the 100-customer mark for its Global Funds Exchange (GFX) system for Fedwire, foreign exchange and National Book Entry Securities system transactions.
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SWIFT Phase 2 Testing Wraps Up

In preparation for the upcoming switch to SWIFT Phase 2 standards, BankServ International's development team is concluding pilot programs that tested an updated version of TurboSwift and a new plug-in named TurboRMA.
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BankServ to Join SWIFT as Corporate Member

In order to simplify the connection process for several of its domestic services, BankServ has announced its intention to join SWIFT as a corporate member in 2007.
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Users Can Sign Up Online at New DepositNow.com Site

The Web site for BankServ's DepositNow service, www.depositnow.com, is undergoing a redesign to improve its flow and feel, and now also allows new customers to sign up for DepositNow online.
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Mark Your Calendar: Upcoming Events

The 2007 GFX User Conference will be held on July 22-25 at the Omni hotel in San Francisco. Stay tuned for specific events and times in the next issue.

Federal Reserve Bank-required contingency testing for wire customers will take place on March 14 and Sept. 15. If your institution is required to participate, you will be notified by the Federal Reserve Bank.

GFXN service bureau clients will have ISDN testing from April 9-27 to ensure their ability to restore their connection to BankServ on a backup circuit.