The growing use of remote deposit capture and other similar tools prompted business lending CUSO Michigan Business Connection LC to offer electronic risk management services.
The Ann Arbor, Mich.-based CUSO said it recognized the increasing demand for online banking services such as ACH origination and remote deposit capture within the small business community combined with the direct and indirect risks to financial institutions in fulfilling those needs.
MBC said it will help institutions just launching their programs as well as those that already have services in place but would like a review of their risk management controls or a program to improve their sales successes within the product set.
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The CUSO has hired Paul Tobias, a 27-year veteran of the treasury management industry, to lead the effort. Tobias has been a certified cash manager by the Association of Financial Professionals since 1989 and a National Automated Clearing House Association accredited ACH professional since 2001, according to MBC.
Formed in 2004, MBC underwrites and services commercial loans for community financial institutions throughout Michigan.
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