Publications & Forms Fraud Prevention Endorsed & Preferred Vendors

Endorsed and Preferred Vendors

For additional information on endorsed and preferred vendors, please contact your sales representative or the Products and Services Division at 517-342-5683 or productsandservices@mibankers.com, unless otherwise noted.

Flood Determination Program - Federal Flood Certification Corporation
In an effort to offer lenders a streamlined approach to the changing needs of flood compliance, MBA Service Corporation introduces Federal Flood’s Flood Zone Determination Program. Established in 1992 on the promise of exceptional customer service and a commitment to technology, Federal Flood provides all aspects of effective flood zone research, utilizing Internet capability and hand mapping for guaranteed, accurate compliance. Federal Flood offers Life-of-Loan Determinations for $11 per determination and includes a free property locator map.

Contact your MBA Service Corporation representative for more information or contact the Products & Services Division at (517) 342-5683 or productsandservices@mibankers.com

Merchant Card Processing - Michigan Retailers Association
The MBA Service Corporation has created an alliance with the largest and most established merchant card processors in Michigan, Michigan Retailers Association who handles credit and debit card processing for thousands of businesses. The Alliance offers your banking clients some of the lowest processing rates in Michigan along with personal, professional customer service. The Merchant Card Processing program services all major cards -- Visa, MasterCard, Discover and American Express -- and offers a revenue source for your financial institution while eliminating the risk of bad debit for your bank.

Contact your MBA Service Corporation representative for more information or contact the Products & Services Division at (517) 342-5683 or productsandservices@mibankers.com

Remote Deposit Capture - iStream
Recent legislation in the United States commonly known as “Check 21” has made Remote Deposit Capture (RDC) possible. The MBA Service Corporation has built an alliance with the Michigan Retailers Association to offer Remote Deposit Capture to merchants and financial institutions. This system allows merchants to deposit checks into their account without leaving the office, improves their deposit funds availability and cash flow, eliminates mail float and reduces back office overhead. Some of the benefits to the financial institutions are:

• Potential revenue sharing
• Reduction in expenses and liability by eliminating a courier
• Complete outsourced option
• No IT staff or customer maintenance burden
• 24/7/365 monitoring and support
• Fully redundant tier 1 data center
• Compliant with FDIC security standards
• Low merchant transaction fees

ATM Surcharge Free Network - PULSE
The ATM is considered an essential part of the banking relationship for account holders.At the same time, customers and members are demanding greater levels of service at lower costs. To extend their reach to more ATMs and add value to the customer relationship without the high cost of the ATM investment, many institutions are looking to surcharge-free ATM networks and alliance programs. These networks are particularly valuable to smaller institutions because they allow them to expand their service area through ATMs without incurring the cost that ordinarily would be involved in doing so. The MBA Service Corporation has teamed up with PULSE, one of the nation’s leading electronic financial services networks, to offer you membership in Select ATM™, our ATM Surcharge-Free Network.

Broker/Dealer Services - Infinex Financial Group
The MBA Service Corporation has partnered with Infinex Financial Group to offer Broker/Dealer Services to Michigan’s community banks. Infinex is a third party marketing firm created and owned by community banks that focuses exclusively on meeting the needs of the bank and their customers. Whether your bank is setting up a new investment program or has an existing program in place, Infinex has a solution for you. Providing top level support, including employee training programs and a wide array of investment products and services, insurance programs and online financial tools, Infinex can offer your bank more. The bottom line is that Infinex can drive more to your bottom line.

Debt Protection - Minnesota Life Insurance Company
A Debt Cancellation or Debt Suspension Agreement is a contractual agreement where a financial institution agrees to cancel or suspend all or part of a borrower’s obligation to repay an extension of credit if or when a protected event occurs. The Bank receives revenue from fees it charges for providing the coverage agreement to the borrower. The MBA program is administered and underwritten by Minnesota Life Insurance Company (AM Best rating is A+ [Superior]).

Liability Coverage Program - Progressive Insurance Captive
The ABA-sponsored insurance program, underwritten by Progressive, is a unique partnership of over 1,300 community banks, the ABA, 26 state bankers associations and Progressive Insurance. Developed by bankers to address the ever-changing insurance needs of financial institutions, the ABA-sponsored insurance program provides innovative coverages expanding upon the traditional Financial Institution Bond, Directors & Officers Liability, and Employment Practices Liability policies. Some of the benefits of this program include:

• The broadest Entity Errors & Omissions coverage on the market, providing blanket coverage for suits against the financial institution (not just coverage for fee-based services)
• Coverage for nontraditional activities under the D&O/Entity E&O policy and Fidelity Bond
• Free loss control education on topics that impact the bottom-line
• An opportunity to own and share in the profits of this unique partnership

MBA/ABA members automatically become owners of the program and are eligible for multi-million dollar distributions based on the program's success and profitability. This year, 56 Michigan banks received checks totaling over $164,000 as part of the nationwide distribution of $4 million in underwriting profits.

MBA Check Program - John H. Harland Company
The John H. Harland Company was chosen for this unique and profitable program. Harland is a well-known provider of check printing and many other vital operational services throughout the United States. The MBA check program is no exception. A strong combination of competitive pricing and significant fee income are just two of the many benefits this program offers. 

MBA Loan & Deposit Software
The MBA’s Loan and deposit software allows the Bank to open new accounts and close loans in minutes with convenient, easy-to-use Windows screens. The point and click approach in a Windows environment provides quick and efficient navigation with the performance, stability and control. The program contains MBA Consumer Lending Forms, ensuring compliance with State and Federal regulations. Please contact an MBASC representative for further information or to arrange for a web demonstration.

Bank Purchasing & Inventory Management Package Program - Optimum Systems Products
Member banks can reduce and control printed products and office supplies overstocking, obsolescence, waste, and inefficiency through this unique bank-specific outsourcing program. Optimum provides complete warehousing and distribution facilities, a streamlined requisitioning and procurement system, as well as branch delivery. In addition, you can maximize your marketing dollars through Optimum’s exclusive commercial printing and graphic design capabilities. With their financial expertise, we can assist you with all your marketing and other promotional materials such as brochures, handouts, and annual reports.

Executive & Directors Compensation Plan - Clark Consulting*
Clark Consulting designs, installs, and services plans for supplemental retirement benefits, long-term incentive compensation, and family income protection for bank executives and directors across America. Serving nearly 1,300 client financial institutions and 6,000 financial institution executives and directors, Clark Consulting is the industry’s largest provider of these plans. In the highly regulated banking industry, our clients are assured of benefit plans that comply with all regulatory and accounting standards. Clark Consulting has 46 national and state banking association endorsements and a nationwide network of local offices to maintain the personal contact so necessary in this business. Clark Consulting offices in Milwaukee, Wisconsin, and Peoria, Illinois service Michigan.

UPS Overnight Delivery Service Program - United Parcel Service*
This program allows participating banks to receive special shipping rates on international and domestic services based on the bank’s volume of shipments.

Cash Sweep Program - SEI Investments*
The SEI CashSweep^sm Program blends technology and investment expertise with our unique approach to help banks develop a competitive sweep product for their customers proven to aggressively attract new business, retain existing customers, and recapture lost assets. Your bank also benefits from a comprehensive sweep program that will generate a diversified stream of income that grows as your program expands. It is also the only sweep program endorsed by the American Bankers Association and 14 state banking associations.

Internet Banking Services Program - Digital Insight, an Intuit Company*
Digital Insight, an Intuit Company (Nasdaq: DGIN) is the leading provider of Internet financial services to community banks and credit unions. We offer AXIS™, a cost-effective, outsourced internet banking service branded with the financial institution's name. AXIS enables these institutions to provide internet-based banking to their individual and commercial customers and delivers a full range of internet financial services including eCommerce, Advanced Target Marketing, and Online Lending. The AXIS architecture is highly secure and scalable, and is the only system in the industry designed to communicate in either real time or batch depending on the institution’s core data processing system.

Technology and Process Reengineering and Investment Banking Services Program -
Alex Sheshunoff Management Services*
Alex Sheshunoff Management Services, a leading provider of professional services to banks for more than 25 years, offers consulting services that include strategic planning, process improvement, technology management, and sales & marketing. Services also include an Affiliation Peer Group and Professional Master of Banking School. Alex Sheshunoff & Co. Investment Banking provides bank valuations, mergers, and acquisition services to banks. Alex Banking Solutions assists clients through all phases of internet banking implementation.