Catholic Order of Foresters Selects ATTUS WatchDOG® Pro for OFAC Compliance

CHARLOTTE, N.C., July 18, 2011 /PRNewswire/ -- The not-for-profit Catholic Order of Foresters announced today it has selected ATTUS Technologies, Inc., an affiliate company of Computer Services, Inc. (CSI) (OTCQX: CSVI) and a leading regulatory compliance solutions provider, for its homeland security and watch list compliance needs.  ATTUS' WatchDOG® Pro will automate and streamline the Naperville, IL company's U.S. Treasury Office of Foreign Assets Control (OFAC) watch list screening obligations.          

(Logo: http://photos.prnewswire.com/prnh/20081118/ATTUSLOGO )

"The Catholic Order of Foresters is a trusted fraternal life insurance society that's been providing members with financial security, along with opportunities for spiritual, social and charitable growth, for more than a century," said Tom Fedell, president and CEO of ATTUS Technologies, Inc.  "But doing business in today's world means keeping up with OFAC's ever-changing SDN (Specially Designated Nationals) list. WatchDOG® Pro will simplify this difficult and time-consuming task for them so they can remain focused on their core mission while remaining in compliance with federal laws."

WatchDOG® Pro is providing the Catholic Order of Foresters with one, cost-effective solution for simultaneously screening OFAC's SDN list against one customer, a batch of customers or their entire customer database.    

"When we began looking for a regulatory compliance solution, we were looking for a company that was extremely responsive to our needs, a company that understood the fraternal insurance market and that had a stellar reputation in the industry," said Stuart B. Buchanan, Catholic Order of Foresters chief financial officer. "We found that in ATTUS Technologies and its WatchDOG® Pro. To comply with federal laws, our customer list and daily individual transactions go through WatchDOG® Pro every day, and we've noticed immediate improvement in the quality of checks and a reduction in the number of false positives."

Many firms in the insurance industry use WatchDOG® Pro to ensure they can fulfill their business transactions within OFAC compliance requirements that are designed to stop money launderers, drug dealers or potential terrorists.  The web-based solution features ATTUS Technologies exclusive, advanced search algorithm that generates a less than 0.5% false positive rate and differentiates subtle name variations, such as abbreviations and initials.  

"Homeland security remains a top priority for our country.  As a result, the Office of Foreign Assets Control takes compliance with their regulations very seriously," Fedell said.  "I know that WatchDOG® Pro will help the Catholic Order of Foresters stay on top of OFAC compliance so they can focus on serving their customers without having to worry about constant list updates and keeping up with regulatory change. We do that for them."

About Catholic Order of Foresters (COF)

Established in 1883, the Catholic Order of Foresters is a not-for-profit fraternal insurance organization with more than 130,000 members nationwide. COF conducts operations in 31 states and the District of Columbia with a field force of more than 300 local agents who provide members with friendly, personal service. With $2.75 billion of life insurance in force, COF ranks as third largest Catholic fraternal life insurance society in the United States. www.catholicforester.org.

About ATTUS Technologies, Inc.

ATTUS Technologies, Inc. is an industry leader in software and services for regulatory compliance, homeland security and fraud prevention.  ATTUS serves over 4,500 clients comprised of Financial Services, Insurance, Software, Healthcare, Pharmaceuticals, Energy & Utilities, Wholesale Goods, Travel & Leisure, Real Estate, Non-profit, Retail and more.  ATTUS' solutions provide compliance with the requirements of the Gramm-Leach-Bliley Act (GLBA), the USA PATRIOT Act, the Office of Foreign Assets Control (OFAC), the Financial Crimes Enforcement Network (FinCEN), the Bureau of Industry and Security (BIS), anti-money laundering regulations, the Bank Secrecy Act (BSA), Regulation CC and Regulation E.  ATTUS, a wholly owned subsidiary of Computer Services, Inc., is based in Charlotte, N.C.   For more information about ATTUS, visit www.attustech.com.

About Computer Services, Inc.

Computer Services, Inc. (CSI) delivers core banking, payments processing, Internet, card services, risk assessment, fraud prevention, network management, regulatory compliance and document delivery solutions to financial institutions and corporate entities across the nation.  Technology planning, personal account management and world class customer service explain why CSI is known as one of the nation's premier providers of technology solutions for the financial services industry.  CSI's stock is traded on the OTCQX under the symbol CSVI.  For more information about CSI, visit www.csiweb.com.

For more information, contact: Jalana Ballen, Marketing Director
888.494.8449 or [email protected]

SOURCE ATTUS Technologies, Inc.

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