Bankers Systems and LexisNexis RiskWise Partner to Deliver Compliance Knowledge and Fraud Prevention Expertise in IDFlag

- Versatility, Capabilities, and Multiple Delivery Channels Make IDflag An Effective Solution for Financial Institutions of All Sizes -

ST. CLOUD, Minn., Feb. 6, 2003 -- Bankers Systems, Inc. has announced that IDFlag(TM), its customer identity verification software tool, is powered by LexisNexis(TM) Riskwise(R) technology. IDFlag capitalizes on the strength of Bankers Systems' compliance knowledge and a powerful search process that performs identity verification using hundreds of information databases. The comprehensive solution helps financial institutions comply with the expanded due diligence requirements of Section 326 of the USA PATRIOT Act and reduce the risk of fraud.

"With IDFlag from Bankers Systems, financial institutions have the best compliance help and technology in a single customer identification solution," said Debra Geister, marketing manager for Bankers Systems. "In addition, they have strong customer and product support from Bankers Systems."

Bankers Systems tapped into its extensive compliance knowledge base, Expere(TM), and studied industry best practices to create a comprehensive, yet highly efficient customer identity verification solution. IDFlag helps verify identity and offers detailed instructions on how to proceed in higher risk situations. This advantage is expected to help financial institutions manage the identification process more efficiently and combat identity fraud, money laundering and terrorist financing more effectively.

IDFlag performs real-time and batch comparison of consumer and business application information through a quick and efficient process that searches hundreds of information databases. The search process used by LexisNexis RiskWise is endorsed by the American Bankers Association. It not only checks each customer data element individually against a variety of databases, but it also compares all of the customer data elements as a whole for a more accurate assessment of risk. For example, a phone number, address, date of birth, or social security number may be valid data individually, but together they may be mismatched, indicating risk (e.g., date of birth may not match the social security number, name and address).

Financial institutions that purchase IDFlag will have a strong foundation to maintain an effective customer identification program, as required by Section 326. Bankers Systems used its compliance knowledge and industry best practices to create a Risk Assessment Matrix to help financial institutions establish risk-based policies and procedures, as well as a New Account Procedures Check List that helps provide a consistent account-opening process. The company designed the tools to work with IDFlag. Bankers Systems also offers a broad array of related solutions to help financial institutions train their staff, meet the new adequate notice requirements, and educate their customers about the new requirements.

About Bankers Systems

Established in 1952, Bankers Systems, Inc., a Wolters Kluwer Legal Tax and Business North American company, is a leading national provider of compliance resource solutions for financial institutions and their legal counsel. The company's lending, deposit, IRA, and anti-fraud solutions are used by more than 12,000 financial institutions, including banks, credit unions, finance companies, mutual fund companies, and brokerage firms. Bankers Systems' software, documents, training, and support services help institutions be more productive, work more efficiently, and grow their businesses. Bankers Systems is the sponsor of, a web site designed to provide valuable compliance information and tools to financial industry professionals.

For more information about Bankers Systems, call 800.552.9410 or visit the company's Web site at .

About LexisNexis RiskWise

LexisNexis RiskWise is a leading provider of identity verification, fraud prevention, and credit risk solutions to financial institutions and credit grantors throughout the country. LexisNexis RiskWise services are primarily used by companies in the financial, telecommunications, retail, Internet, and insurance industries and are also used in the government sector. Its data, combined with real-time processing, statistical scoring expertise, and risk management experience enable solutions that produce a return on investment for its customers. The LexisNexis RiskWise services help companies profitably acquire more customers, effectively control and manage credit and fraud losses, and effectively communicate with customers during the customer management cycle.

For more information about LexisNexis RiskWise, call 800.253.7960 or visit its Web site at .

Bankers Systems, Inc. is a registered trademark and IDFlag is a trademark of Bankers Systems, Inc. All other trademarks are the property of their respective owners.


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