As a part of the ILS solution, the Intelligent Diagnostic System™ (IDS) is a feature that provides you with the tools and data necessary to address regulatory changes by proactively managing your overdraft services. At Velocity Solutions, we are in conversations with hundreds of financial institution executives each week. One consistent message we hear is that regulators are looking for financial institutions to take a more proactive approach in managing account holders who rely heavily on overdraft services. IDS is the tool to help you manage this process.

With the IDS feature, you will receive an ongoing analysis of your accounts to identify heavy users of overdraft services. We will analyze overdraft limits versus household income, adjust limits as necessary, and identify any account holders who may be better served by utilizing alternative checking services. In addition, IDS includes a messaging feature to notify these account holders of their options. IDS includes an extensive reporting package that provides you with the means to demonstrate all of the measures you have taken to proactively manage overdraft services at your financial institution.

The IDS feature is an automated solution and can save hundreds of man-hours each month by eliminating the need to manually sift through massive amounts of data. Automated features include: analysis of data, adjustment of overdraft limits, identification of "at risk" accounts, and messaging to account holders through a variety of communication channels.

Utilizing IDS, you will be able to identify account holders who experience numerous overdraft fees each year. You can analyze that data according to several factors such as household income, spending habits, and overdraft patterns. Finally, IDS gives you the reports you need to prove to regulators that your overdraft practices are fair and in the best interest of the consumer.