fiVISION's Wire Transfer Automation module gives credit unions the ability to automate repetitive processing checks and frees staff up to focus on the exceptions. This tool will reduce your processing time for each request in half AND give you a more consistent, compliant process for handling wires. This utility accepts requests from both staff and consumers online and can operate independently of other fiVISION modules. Wires validation includes verification of ID and bank routing information, OFAC checks on all banks and recipients, fraud and red flag alerts as well as confirmation that funds are available to complete the wire. Processing includes automated transfers to wire settlement and fee accounts together with reporting for balancing purposes.