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New On-line Tools Help Make Consumer
Privacy Easier For Banking, Securities, And Insurance Professionals
NEW ORLEANS, November 28, 2000As financial
services professionals hurry to meet the deadlines imposed by privacy regulations,
theyll find help with several new Internet tools unveiled today by Bankers Systems,
Inc. at the BAI Retail Delivery show in New Orleans. The new on-line tools will help
institutions create tailored privacy disclosures, track state-specific legislation, and
train their employees via the Internet.
The new offerings expand Bankers Systems comprehensive line
of privacy solutions by addressing very specific needs of financial institutions. PrivacyDocs
actually builds disclosures on screen as it guides users through easy-to-answer questions.
To help financial institutions tailor the text for their disclosures, it selects
additional questions based on their answers. Customers can watch their documents being
created as they work, and can make edits on-line. Universal Disclosures will take
tailored disclosures even further. For banks that offer insurance and securities products,
Bankers Systems will help them decide if a single, universal privacy disclosure is right
for them. If it is, compliance analysts will gather information from the financial
institutions to develop the disclosure with specific text that addresses the business
needs of the institution and responds to the compliance requirements of the multiple
For financial institutions that operate in multiple states,
PrivacyStateWise uses the Internet to offer professionals an economical,
time-efficient way to track the latest privacy issues in every stateall in a single
source on-line. Finally, Employee Privacy Training Sessions will help educate
front-line employees about critical privacy policies by training them in their own offices
via the phone and the Internet. More information and links to all the new tools are
available at Bankers Systems web site and at PrivacyHeadquarters.com, a free
resource for privacy help and information.
"Whether an institution is in banking, securities,
insurance, or all three, weve zeroed in on specific tools to help them with the
privacy regulations that affect their businesses," said John Bryant, Vice President
of Marketing for Bankers Systems. "With our unique ability to monitor federal and
state legislation on a regular basis and with our close ties to CCH INCORPORATED in
securities and NILS in insurance, we believe were the only company that can offer
and support this universal view for all three business entities."
Earlier this year, Bankers Systems established itself as a
premier provider of financial privacy solutions when it created PrivacyHeadquarters.com in
May. An internal survey of users done by the Glia Group for Bankers Systems gave it the
highest rating of any site that provides privacy-related information on the web. Bankers
Systems was one of the first providers of privacy training products, including the Privacy
introduced docCreator, which allows institutions to create
tailored disclosures via the Internetbeginning with the privacy disclosures in
PrivacyDocs. Next, Bankers Systems plans to offer a Spanish-language Privacy Disclosure
in early 2001, so that institutions can better serve the needs of their Spanish-speaking
"Weve worked closely with our customers and
their legal counsel to understand their challenges and to provide the specific solutions
they needwhether its on-line tailored disclosures, cost-effective training, or
information on the latest changes to federal and state-related privacy regulations,"
said Bruce Hagberg, Director of Strategic Initiatives for Bankers Systems.
"Thats what makes Bankers Systems new on-line tools so valuable to
professionals in todays converging marketplace."
About Bankers Systems
Bankers Systems, Inc., a CCH INCORPORATED company, is a
leading national provider of compliance resource solutions for financial institutions and
their legal counsel. The company serves more than 12,000 financial services organizations,
and its compliance solutions are used by 83 percent of banks in the U.S. Its deposit,
lending, and retirement plan documents and other solutions are used by over 60 of the
leading core processors and systems integrators. Customers include banks, credit unions,
finance companies, brokerage companies, and mutual fund companies, as well as industry
providers. For more information, visit www.bankerssystems.com.
Bankers Systems Inc. is a registered
trademark and docCreator is a trademark of Bankers Systems, Inc.
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