Category: Business Plans

Considering the Options: Hosted Environment and/or Service Bureau Processing

In the ever-changing financial landscape, bank executives are often faced with many looming questions. These questions may involve operational decisions for their bank, including whether a hosted environment is a good fit for them versus self-managing their own environment. They might also consider if moving to a service bureau for processing would be more efficient…
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July 15, 2021 0

Growth Mindset

Since its inception in April 2016, IDS On-Time (IDSOT) has seen incredible growth. Many years have passed since our initial bank was onboarded, and we now process for 72 banks. We handle increasingly more processing tasks on behalf of our banks, and we have increased staffing levels significantly over the years. These are some of…
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June 7, 2021 0

Securing Your Bank’s Internet of Things

I recently heard about a number of stories circulating in regard to malicious actors using everyday devices you have installed and connected in your businesses and homes to hack you. This article provides some further expertise and knowledge on the subject matter. The Internet of Things (IoT) consists of almost anything electronic, nowadays. What determines…
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July 7, 2020 0

What We Learned about a Remote Workforce

Many companies were not prepared for remote worker arrangements this spring, as COVID-19 uprooted everyday life and businesses around the globe. When a huge number of workers needed to be sent home, it exposed how unprepared some businesses were for this change; however, it also showcased how, even unprepared, businesses rose to the occasion. They…
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April 27, 2020 0

We’re Here for Our Partners

We currently stand at a pivotal time in human history, with most of the world at a stand-still and sequestered at home. There are a lot of questions. How many lives will be lost? How long will it last? What are the long term effects? Will my small business survive without income for months on…
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April 21, 2020 0

Front Office vs. Back Office

The terms front office and back office stem from the distinction – customer facing and support.  The front office is typically everything that is customer facing and generating revenue – the revenue or profit centers.  The back office is generally everything that is not customer facing, a cost center or an area of the bank…
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March 1, 2019 0