March 2018
A new service provider – Banker's Toolbox – was added to Catalyst Corporate's BSA (Bank Secrecy Act) File Service for wire transfers. The BSA File 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 the BSA software. Wire files are formatted specifically for the Banker's Toolbox software application 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. The BSA File Service is also available for Verafin and Patriot Officer BSA software applications.