The Information Technology, Inc. Currency Transaction System (CTS) provides a financial institution with an efficient means to:

Maintain a chronological log of all customer purchases of negotiable instruments using currency in amounts of $3,000 to $10,000, inclusive. Negotiable instruments can include bank checks, cashiers checks, travelers checks and money orders.

Accumulate transaction information by customer to determine whether cash transactions by or on behalf of any individual exceed $10,000 during any one business day, and therefore warrant the filing of a Currency Transaction Report (IRS Form 4789).

Features

· Aggregate information
· Tracks suspicious activity
· Tracks account exemptions
· Online entry of currency transactions, reportable on Form 4789
· Reporting by magnetic media
· Corrections to returned IRS magnetic media
· Online entry of negotiable instrument purchases
· Automatic service charges

Aggregate Information
CTS accumulates cash transactions by tax identification number on a daily basis to determine
whether a Form 4789 must be filed with the IRS, or the activity must be logged by the institution.

Tracks Account Exemptions
An Exemption File can be established to identify customers that are exempt from IRS Form
4789 filing requirements for a designated period. All cash transactions are matched against
the Exemption File, which is available for online review, giving your personnel quick and easy
access to customer information.

Automatic Service Charge
Automatic service charges can be assessed to cover the costs of cash reporting or generate
income. The account to service charge can be manually designated each time a transaction
occurs. Service charge income is automatically integrated with Premier Core.

For more on the Currency Transaction System, contact
Information Technology, Inc. at 402.421.4207.