Banking Software
Products & Services
Keystone's Bank Communication System (BCS)
Keystone's Bank Communication System (BCS) provides a wide range of functionality to support FEDWIRE, CHIPS, S.W.I.F.T., DTC, NBES, and TELEX.
The application modules, which operate on IBM mainframes, allow institutions to build the environment they require to successfully support required services.
Modular design, coupled with rich functionality and the ability to interface the funds transfer, securities clearing and message handling with other application areas, provide the flexibility to adapt the package to fit individual processing requirements.
Time-proven and mature, BCS offers the functionality and support required for a successful software package and vendor relationship.
The Keystone Bank Communication System FEDWIRE sub-system is a comprehensive on-line interface to the Federal Reserve Bank's wire transfer service. Employing the standard BCS architecture, the FEDWIRE sub-system is modular in design and supports the full range of FEDWIRE functions.
FEATURES:
- FRISC communications capability
- Fully on-line with user friendly screens and formats
- Comprehensive BCS reporting providing:
- full audit capability
- full message logging
- full transaction and audit trail
- Provision for storage and automatic aging of up to 120 days of future dated messages
- Syntax checking in accordance with FEDWIRE rules performed during message preparation
- Capability to retrieve missing messages
- Full status, including counts and amounts for all FEDWIRE funds transfer traffic
- OFAC monitoring for blocked entities and Specially Designated Nationals
- Full support of FEDWIRE payment, messages and service reports
- Full processing of credit reversals (requested or unrequested)
- Full processing of payment returns and requests for payment reversals
- Variable bank-defined authorization criteria by account, account officer and amount
- Variable bank defined verification criteria with full segregation of input
- Full funds checking for accounts and net debit cap before transmission
- Expected receive sub-system with auto-match and scrolled-match capability
- Generation of outgoing S.W.I.F.T. or TELEX payment messages for third party items
- Automatic advice generation for S.W.I.F.T. or TELEX transmission in accordance with bank-defined criteria
- Full phone-advising capability
- Message statistics to enable department and account charging
The Keystone Bank Communication System CHIPS sub-system is a comprehensive on-line interface to the New York Clearing House. Modular in design and functionally extensible, the CHIPS subsystem is totally qualified to perform all CHIPS functions.
FEATURES:
- Full support of all Clearing House functions, messages and reports
- Clearing House X.25 communications capability
- Clearing House Rule 13 processing
- Clearing House recovery processing
- Full funds checking for accounts, bank bilateral agreements, and net debit cap before transmission
- Syntax checking in accordance with Clearing House rules performed during message preparation
- Internal processing of book transfers
- Fully on-line with user-friendly screens and formats
- Comprehensive BCS reporting provides:
- full audit capability
- full message logging
- full transaction activity
- OFAC monitoring for blocked entities and Specially Designated Nationals
- Provision for storage and automatic aging of up to 120 days of future dated messages
- Functionally rich expected receive system with auto-match and scrolled-match capability
- Variable bank-defined authorization criteria by account, account officer and amount
- Variable bank-defined verification criteria
- Automatic advice generation for S.W.I.F.T. or TELEX transmission in accordance with bank-defined criteria
- Generation of outgoing S.W.I.F.T. or TELEX payment messages for third party items
- Capability to retrieve missing messages
- Full phone advising capability
- Full status, including counts and amounts, for all CHIPS traffic
- Support of 'release straight through' or 'store and subsequent release' capability
- Message statistics to enable department and account charging
The Keystone Bank Communication System TELEX sub-system delivers the latest in TELEX capability. The TELEX sub-system is functionally rich and supports processing of TELEX traffic including registration and on-line testing.
FEATURES:
- Incoming Messages
- Message registration to provide:
- guaranteed receipt
- intra-bank routing
- determination of message testing requirement
- Capability to split messages during registration
- Testing of messages
- Conversion of TELEX dollar payment messages into the format necessary for subsequent payment via CHIPS, FEDWIRE, book transfers, or check
- Conversion of TELEX expected receives into the format necessary for subsequent matching to receipts from CHIPS, FEDWIRE or book transfers
- Logging of all messages to permit identification of:
- missing messages
- possible duplicate messages
- unregistered messages
- untested messages
- message status through final disposition
- Comprehensive on-line capability for repair of incorrect or incomplete messages after conversion to BCS payment or expected receive format
- Capability to amend payments or expected receives according to customer instructions
Outgoing Messages
- Full testing including user definition of message types requiring testing
- Comprehensive output message processing from:
- user-friendly message entry capability of BCS
- bank accounting system through the BCS standard accounting system interface
- BCS generated messages for fails, extras and advices
- Generation of test keys for outgoing messages
Control
- Full interface to store and forward systems both internal or external to the bank
- Final disposition and transmission (echo) copy of messages sent by front-end processor maintained on BCS
- Definition and maintenance of all test algorithm criteria
- Retention of all messages from the TELEX network for:
- intra-bank routing
- on-line display
- hard copy reporting
- OFAC monitoring for blocked entities and Specially Designated Nationals
The Keystone Bank Communication System S.W.I.F.T. CBT sub-system provides a flexible approach for communicating with the S.W.I.F.T. network. Modular in design and functionally extensible, the S.W.I.F.T. sub-system is totally qualified to perform all S.W.I.F.T. functions.
FEATURES:
Incoming Messages
- Conversion of S.W.I.F.T. dollar payment messages into the format necessary for subsequent payment via CHIPS, FEDWIRE, book transfers, or checks
- Conversion of S.W.I.F.T. dollar expected receives into the format necessary for subsequent matching to receipts from CHIPS, FEDWIRE, or book transfers
- De-authentication of messages
- Logging of all messages to permit identification of:
- missing messages
- duplicate messages
- messages that fail authentication
- message status through final disposition
- Fully on-line with user-friendly screens and formats
- OSN gap reporting and automatic retrieval of missing messages
- Comprehensive on-line capability for repair of incorrect or incomplete messages after conversion to BCS
- payment or expected receive format
- Capability to amend payments or expected receives in accordance with customer instructions
Outgoing Messages
- Support of all S.W.I.F.T. message types and priorities
- Full authentication capabilities
- On-line user-friendly message entry screens featuring:
- appropriate tags with expanded descriptions for each message type
- highlighting of mandatory fields
- complete syntax checking
- Creation of PDEs for undelivered messages
- Logging of all messages to permit identification of:
- PDEs
- NODs and WODs
- returned or canceled messages
- message status including priority, authentication, and final disposition
- Complete on-line capability for repair of incorrect or incomplete messages
Control
- S.W.I.F.T. certified communication capability
- S.W.I.F.T. log-in/select capabilities supported in synchronized or manual mode
- On-line S.W.I.F.T. member directory for name and address expansion
- Cross-reference of S.W.I.F.T. addresses to UIDs, account numbers and bank numbers
- S.W.I.F.T. USE/BKE functionality
- Full retention of all messages for:
- intra-bank routing
- on-line display
- hard copy reporting
- Multi-line, multi-TID capability
- OFAC monitoring for blocked entities and Specially Designated Nationals
The Keystone Bank Communication System DTC Securities sub-system is a comprehensive on-line interface to the Depository Trust's Mainframe Dual Host (MDH) system. Employing the standard BCS architecture, the DTC Securities sub-system is modular in design and supports the full range of MDH functions.
FEATURES
- LU 6.2 communications capability
- Fully on-line with user friendly screens and formats
- Full support of MDH securities processing, including messages and service reports
- Full handling of rejected transactions, reclaims, and RAD processing
- Real-time balance checking and maintenance and real-time interfacing to a variety of accounting, custodial, and bank account management systems
- Comprehensive expected buy sub-system with auto-match and scrolled-match capability available
- Position checking by participant and cusip before transmission
- Comprehensive BCS reporting providing:
- full audit capability
- full message logging
- full transaction and audit trail
- Comprehensive on-line archival support. All messages and audit trails are retained for a user-specified period of time. Effective retrieval and search menus provide for displaying/printing from the archives.
- Syntax checking in according with DTC rules performed during message preparation
- Automatic monitoring and retrieving of missing messages
- Full status, including counts and amounts for all MDH security traffic
- Selective printing based on user needs
- Ability to use automated entry codes to reduce keystrokes on manual entries
- Securities deconversion/conversion support
- OFAC monitoring for blocked entities and Special Designated Nationals available
The Keystone Bank Communication System NBES Securities sub-system is a comprehensive on-line interface to the Federal Reserve Bank's National Book Entry System. Employing the standard BCS architecture, the NBES Securities sub-system is modular in design and supports the full range of FRB functions.
FEATURES
- FRISC communications capability
- Fully on-line with user friendly screens and formats
- Full support of NBES securities processing, including messages and service reports
- Full handling of rejected transactions, requests for reversals and dk's
- Real-time balance checking and maintenance and real-time interfacing to a variety of accounting, custodial, and bank account management systems
- Comprehensive expected buy sub-system with auto-match and scrolled-match capability available
- Position checking by sub-account and cusip before transmission
- Comprehensive BCS reporting providing:
- full audit capability
- full message logging
- full transaction and audit trail
- Comprehensive on-line archival support. All messages and audit trails are retained for a user-specified period of time. Effective retrieval and search menus provide for displaying/printing from the archives.
- Provision for storage and automatic aging of up to 120 days of future dated messages
- Syntax checking in according with FRB rules performed during message preparation
- Automatic monitoring and retrieving of missing messages
- Full status, including counts and amounts for all FRB security traffic
- Selective printing based on user needs
- Ability to use automated entry codes to reduce keystrokes on manual entries
- Securities deconversion/conversion support
- OFAC monitoring for blocked entities and Special Designated Nationals available