Wednesday, April 7, 2010

"Regulation E" Communication Solution Launched by Harland Clarke

Harland Clarke Launches Regulation E Communication Solution

Solution and Additional Offerings Address Financial Institutions’ Compliance Communication Requirements

SAN ANTONIO--(BUSINESS WIRE)--Harland Clarke Corp. has announced the launch of its Regulation E Communication Solution, which is designed to assist financial institutions as they implement the requirements brought about by recent changes to Regulation E. The changes to Regulation E require a financial institution to provide specific information about its overdraft practices and policies and to obtain permission before charging an account holder a fee for one-time ATM and debit card transactions. The final Regulation E rules become effective July 1, 2010, for new account holders, and Aug. 15, 2010, for existing account holders.

“With our Regulation E Communication Solution, our goal is to help financial institutions of all sizes efficiently implement the new requirements”

“With our Regulation E Communication Solution, our goal is to help financial institutions of all sizes efficiently implement the new requirements,” said Harland Clarke President and COO Dan Singleton.

The Harland Clarke Regulation E Communication Solution is comprised of a notification communication to account holders about the regulatory changes and options offered by their financial institutions, as well as a confirmation letter to account holders who elect to opt in. Harland Clarke offers both a printed solution and a scannable notification option powered by its sister company, Scantron Corp., in addition to data collection and reporting services.

Harland Clarke also provides other overdraft communication options that are customizable, including reminder mailings. For these communications to be effective, sending the right message to the right audience is critical, because account holders will be impacted differently based on their banking behaviors. Harland Clarke’s more than 100 years of experience in serving the financial services industry has provided it unique insights. The company is using these in providing multiple marketing channels to deliver integrated solutions to help its clients effectively reach their account holders.

About Harland Clarke Corp.

Harland Clarke Corp. (www.harlandclarke.com) is a leading provider of integrated payment solutions, marketing services, technology solutions and security services. It serves approximately 13,000 financial institutions; major investment firms; business-to-business clients; small, medium and large businesses serving multiple industries; and individual consumers. With its corporate headquarters in San Antonio, Texas, and a regional headquarters in Decatur, Georgia, Harland Clarke employs approximately 4,700 people and has manufacturing and contact center facilities nationwide. Harland Clarke Corp. is a wholly owned subsidiary of Harland Clarke Holdings Corp., which also wholly owns Harland Financial Solutions, Inc. and Scantron Corp. Refer towww.harlandclarke.com.