In one of three ways: Note: The term 'subscriber' refers to your 'member'. Electronic Payments (ACH) - Fiserv's preference is to send all payments electronically. However in the Risk Model format it is not always feasible. Fiserv submits the merchant payment (via the fed) from a Fiserv settlement account the same day we submit the debit (via the fed) to the subscriber account. Fiserv is taking the risk on the payment. Electronic payments are typically sent when the subscr  More...

The integration with J.D. Power and Kelley Blue Book will return a value on a vehicle only once enough transactional sales data is available to make a valuation. For this reason, a new vehicle may not return a value. This feature is more commonly used for used vehicles.

The “Today’s Transactions” section uses the receipt descriptions from Tool #105 Account Suffix Configuration, such as INSTALL LN. The “Account Summary” section uses the dividend application description, such as USED VEHICLE.

NMDs refer to non-maturity deposits which are share drafts, shares and money market accounts. These accounts have unique risk-reducing properties that are not always reflected an ALM analysis. The funds in an individual share draft account, for example, are immediately withdrawable and the balances tend to be quite volatile. However, when viewed collectively, such balances tend to be stable, dependable and they behave as if they are much longer-term deposits so they can be used to fund longer te  More...

The average maturity is one of several critical inputs necessary to compute the NMD valuation for NEV purposes. The deposit flows must be evaluated going back in time and in the context of a “closed sample”. This means that the historical behavior of a large group of accounts must be studied to determine when, on average, their deposits leave the institution. This behavior determines the estimated average maturity. There are other procedures that may be used but disruptions in the financial mark  More...

ALM and budgeting are separate but closely related financial functions. They are also similar in that both are forward-looking processes. However, their analytical objectives are quite different. Over a planning period of say one year, for example, the risk of significant changes in the income of a depository institution resulting from changing interest rates is primarily the result of the repricing interaction of its current balance sheet structure. This is the ALM process and the analytical   More...