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The BSA Examiner - Current Edition

The BSA Examiner is a quarterly newsletter of original content published by Wayne Barnett Software.

4th Quarter 2023 Contents:

Case #1 – From horribly bad to just very bad. Nationwide, losses from check fraud are the highest in history. Regions bank reported that in the third quarter of 2023, their total losses from check fraud was $53 million. That’s an improvement from the second quarter loss, but still an estimated 5% of YTD income. We outline how our check fraud strategy works and ask you to consider if it’s time for new software.

Case #2 – From just very bad to horribly bad. Contracts entered into for more than market value are illegal, per FIRREA of 1989. Bankers not old enough to remember the go-go days of the late 80s and early 90s are learning the hard way that trusting what a software vendor says can come back to haunt you.


Download the newsletter in MS Word format