Integration – Making ICS Easier to Use than Ever
The old adage, “Time is money,” has never been more true than in today’s increasingly competitive marketplace. At Promontory, we are committed to helping your bank find ways to save time and money. That’s why Promontory Interfinancial Network provides integration options – available through cooperation with your bank’s core processor – that provide Promontory Network members with time savings, easier order entry, reduced likelihood of data entry error, and enhanced reporting capabilities. And, as you know, having better access to complete account information can enable your bank to provide better customer service, thereby building customer loyalty and increasing cross-selling opportunities.
For example, a Promontory Network member based in the Midwest recently integrated ICS through its core processor. Prior to integration, the institution experienced modest ICS growth. After integration, the bank’s ICS volume increased 500% to over $250 million. This helped the bank in a number of ways. Beyond strengthening customer relationships, reducing customer acquisition costs, and reducing collateralization, the bank benefited from automated sweep functionality, which enabled the bank to handle additional transaction processing and reporting in a more cost- and time-efficient manner, saving the bank money and freeing up employees to focus on more productive activities.
Integration benefited the bank’s customers as well. Now the bank’s depositors can view ICS account balances along with their other account balances.*
To learn more about available ICS integration options, including Fiserv, FIS, Jack Henry, Harland Phoenix, Harland SPARAK, and DCI, contact your Regional Director at (866) 776-6426, option 3.
* Not available with all integration options.
Use of the ICS service is subject to the terms, conditions, and disclosures set forth in the applicable program agreements, including the
applicable Participating Institution Agreement and Deposit Placement Agreement. Limits apply, and customer eligibility criteria may apply. ICS program withdrawals are limited to six per month when using the ICS savings option. ICS is a registered service mark of Promontory Interfinancial
View more ICS case studies.