OMAHA, Neb.--(BUSINESS WIRE)--First National Bank of Omaha (FNBO) and ATS Secured announced their unique joint solution to the settlement and title industry that reduces wire fraud and data errors, shortens closing times, and helps settlement agents increase closing volume. All disbursements are processed in a secure environment that is directly integrated with the bank. All data communications are secure and the disbursement process is controlled with custom rules and permissions. Settlement agents can now manage their disbursements in one place to make their jobs easier and increase customer satisfaction and productivity.
“At First National Bank of Omaha, we are continuously looking for opportunities to provide value to our customers through new technology. The title and settlement industry has unique needs and we are excited to team with ATS Secured to provide a new money movement solution in a secured and streamlined manner,” said Russ Oatman, Sr Vice President of FNBO’s Corporate Treasury Services group.
“Wire fraud is already a big problem and it’s growing faster than ever before,” added ATS Secured CEO Wes Miller. “Consumers’ down payment funds are being stolen. Sellers’ proceeds are being stolen. It’s a big problem. We are excited to be working with First National Bank of Omaha to bring technology solutions that provide real protection to title companies and their home buyers and sellers.”
ATS Secured brings ESIGN compliant digital signatures, wire transmittals, paper and X9.37 digital checks, as well as automatic reconciliation to the solution. Data security is a major component of the FNBO/ATS Secured partnership, offering identity verification for individuals and businesses, secure messaging that replaces encrypted email, and document sharing and storage.
FNBO and ATS Secured will be offering this solution to all existing FNBO settlement and title agents to facilitate cost reduction and processing time for disbursements. FNBO and ATS will also be offering the solution to other regional settlement agent firms that are not currently conducting business with FNBO.
About FNBO
Founded in 1857, First National Bank is a
subsidiary of First National of Nebraska. First National of Nebraska has
grown into the largest privately-owned banking company in the United
States. First National and its affiliates have more than $21 billion in
managed assets and 5,000 employee associates. Primary banking offices
are located in Nebraska, Colorado, Illinois, Iowa, Kansas, South Dakota
and Texas.
About ATS Secured
ATS Secured’s software solution empowers
individuals and businesses to securely transmit wires, by the use of
authenticated bank accounts and verified identities. Our platform allows
individuals and businesses to store, use, collaborate and share all of
their communications and documents in one place, so they can conduct
transactions faster, better and easier. Beyond collaborating on data and
documents, users can employ digital signatures, identity verification
(personal and business), vendor management, report generation, and
one-click payments via wire or digital or paper check—all on one
platform. Learn more at atssecured.com.
