Top FAQ on Deposit Reclassification - Part 2

Jan 10, 2019

Deposit Reclassification is the process of reclassifying transaction accounts into sub-checking and sub-savings accounts. In this FAQ, I answer what threshold percentages are, and how Deposit Reclassification impacts call reporting and peer-to-peer review.

What is the Impact of Disclosure with Deposit Reclassification?

Deposit Reclassification

Dec 20, 2018

Due to recent incidents and ongoing problems, financial institutions are often intimidated by the impact on disclosure. However, most financial institutions’ terms and conditions require notification to current customers about any changes to their account, including the reclassifying of funds into savings and checking sub-accounts, also known as Deposit Reclassification

logicpath Assists Two Banks in Releasing $32 Million in Liquidity through Implementation of Deposit Reclassification Solution

Company News

Nov 29, 2018

Logicpath announces two banks implement its Deposit Reclassification retail sweep solution: $1.3 billion, Bank Iowa based in West Des Moines, Iowa; and $421 million, BOM Bank based in Natchitoches, La.

Top Three Features to Look for in a Retail Sweep Program

Deposit Reclassification

Nov 29, 2018

Retail sweep programs help banks and credit unions recover their Federal Reserve balances due to reserve requirements, through reclassifying transaction accounts as savings accounts. This blog discusses the top features to look for in a retail sweep program.

G+D Currency Technology Launches New Casino Cash Management Software in Partnership with logicpath

Company News

Nov 7, 2018

G+D Currency Technology announced that Casino CashView is now available to all clients in the United States and Canada as of Oct. 1, 2018. Developed in partnership with software and analytics firm, logicpath, Casino CashView is a web-based application that streamlines cash management for casinos.

Top Five Features to Look for in Branch and ATM Cash Management Software

Cash Management

Nov 1, 2018

Financial institutions should consider focusing on branch cash management initiatives that identify and minimize non-interest earning assets through optimizing cash inventory and reducing excess cash by using a software solution.

Why is Hacking on the Rise?

Trends

Oct 18, 2018

It’s no secret that privacy is a huge issue. In 2017, there were more than 1,579 breaches, an upturn of 44.7 percent, which means we’re seeing multiple breaches per week, if not per day. Here are three reasons why hacking is on the rise.

Four Places Your Branch May be Stockpiling Excess Cash

Cash Management

Oct 11, 2018

As financial institutions continue to go through branch transformations and add new devices to improve their customer experience, it's important to review all cash end points and update branch cash management and ordering processes to grow, adapt and avoid excess cash.

How to Select the Best Lease Accounting Software for Your Bank or Credit Union

Sep 27, 2018

With regulatory pressures already placed on financial institutions to transition to the new lease accounting standards, it’s critical to find solutions that make the transition seamless and efficient. The key to success is to invest in the best lease accounting software.

What Financial Institutions Need to Know about the New Lease Accounting Standards

Sep 20, 2018

While banks play unique roles as both lessors and lessees, as well as users of financial statements, the focus of this blog will be on how banks will be impacted as lessees. We’ll provide a brief overview of what’s changed and highlight potential pitfalls that you need to watch for.

Logicpath Insights