Wire Transfer Support Services

BSA File Service

Catalyst Corporate offers a fee-based service that streamlines the process for wire transfer Bank Secrecy Act reviews.

The service automates the transfer of domestic and international wire files from Catalyst Corporate to a secure ftp site, where a credit union can retrieve them for uploading into Verafin, Patriot Officer or Banker's Toolbox Bank Secrecy Act software. Wire files are formatted specifically for these BSA software applications to ensure a smooth upload. Automating the file transfers reduces the credit union’s manual involvement in the process and shortens the time to completion for credit union BSA reviews.