We offer a turnkey solution to central asset account programs.

For more than two decades, PFPC has been a premier provider of integrated banking transaction services for programs offered by brokerage firms, fund complexes, insurance companies and other financial institutions, continually enhancing, refining and expanding our products and services to meet the changing needs of the marketplace. PFPC is the solution to reducing service costs, enhancing profitability, increasing customer retention and improving customer service.

We’re known for our customized, seamlessly integrated solutions. In fact, we were among the first to offer checkwriting capabilities and debit card processing services to the brokerage industry.

It all comes together seamlessly at PFPC.

Brokerage Firms, Fund Companies & Other Financial Institutions

Central Asset Accounts

The growing popularity of central asset accounts, including cash sweep accounts, has increased demand for technological and processing innovations for check clearing, debit cards, ATM access and electronic funds transfer. The more integrated your cash management system, the more efficient your business operations will be.

Comprehensive Integrated Support

PFPC maintains a fully integrated recordkeeping and control system, which has electronic interfaces with brokerage operating systems, thus minimizing manual intervention. PFPC’s flexible system architecture facilitates growth and future enhancements. Our account number structure enables features to be changed or added without the need to reissue checks or cards. Online access to information promotes control and high-service quality.

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Check Processing

PFPC’s check processing capabilities allow unlimited checkwriting with no minimum dollar amount. We offer payee enhancement and expense coding, as well as check imaging for client servicing, customer statements and archive retrieval. Additional services include remote access to systems and/or reports, as well as digitized signature verification. Stop payments, check copy orders and exception decisions can all be handled online.

Debit Card Options

PFPC’s debit card options include proprietary VISA® or MasterCard® - platinum, gold or standard. We use customized plastics with a secured card activation program via voice response. Personalized PINs are available and ATM access is worldwide. In addition, a TravelAccount rewards program can be added as a feature of the program.

Fraud Prevention

Our aggressive fraud prevention strategies include using a neural network-based system to monitor debit card transactions in a real-time environment. Additionally, we have developed behavioral models to validate client checkwriting activities and to identify for review any checks exceeding pre-established parameters.

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Insurance Companies' Retained Asset Account Programs

Account Administration

PFPC administers retained asset account programs offered by insurers by providing all recordkeeping, check processing, interest posting, statement generation and 1099 forms. In addition, we offer our clients remote access to client/server technology so they can monitor quality customer services.

Client Services

We handle all activities, including initial account openings, welcome mailings, daily interest calculations and monthly interest crediting - either to the balance or via check. PFPC offers full customer servicing to assist the insurer and account holder. We report daily activity to the insurance company and provide monthly statements for account holders.

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Services

Brokerage Firms, Fund Companies & Other Financial Institutions

Central Asset Accounts

Comprehensive Integrated Support

Check Processing

Debit Card Options

Fraud Prevention

Insurance Companies' Retained Asset Account Programs

Account Administration

Client Services