NBC Bank Selects Wolters Kluwer Financial Services to Comply with Reg E Changes

MINNEAPOLIS--(Business Wire)--
Wolters Kluwer Financial Services announced today NBC Bank of Oklahoma City,
Okla. has selected it to help the bank manage compliance with the Federal
Reserve Board`s upcoming changes to Regulation E (Reg E). The changes, which
take effect July 1 for new accounts and Aug. 15 for existing ones, require
financial institutions to gain approval from consumers before charging overdraft
fees on one-time debit card or ATM transactions.

NBC Bank has completely outsourced the overdraft fee approval process to Wolters
Kluwer Financial Services through the company`s Reg E Opt-in Manager solution.
The technology system uses the bank`s account-holder information to create cover
letters, opt-in notices, and confirmation of consent notifications. Messages are
securely and electronically delivered, or mailed if necessary, to NBC Bank`s
customers who can opt-in or out.

Reg E Opt-in Manager also provides a full audit trail of opt-ins and opt-outs
that are captured, scanned, imaged, and sent electronically to NBC Bank to track
compliance with Reg E. And the bank receives regular reports of all opt-ins and
outs. In addition, Wolters Kluwer Financial Services` warranted compliance
documentation helps relieve NBC Bank of any unnecessary risk.

"Community banks like NBC don`t have the resources to meet the Reg E
requirements in a timely manner," said Shelley Gaidaroff, senior vice president
and chief operating officer for the bank. "We`re not staffed to continually
monitor and track our entire customer base for opt-ins and opt-outs. But by
working with Wolters Kluwer Financial Services, we`re confident the process will
be quicker, more efficient and allow us to streamline the process internally.
We`ll also comply with the regulation while protecting our fee income."

Gaidaroff added that NBC Bank has trusted Wolters Kluwer Financial Services and
a number of its Bankers Systems brand of compliance solutions for nearly a
quarter of a century, which made turning to the company for help in complying
with the Reg E changes an easy decision.

For more information about Reg E and Wolters Kluwer Financial Services` Reg E
Opt-in Manager solution, visit the company`s Reg E Resource Center at
www.WoltersKluwerFS.com/RegE.

About Wolters Kluwer Financial Services

Wolters Kluwer Financial Services provides best-in-class compliance, content,
and technology solutions and services that help financial organizations manage
risk and improve efficiency and effectiveness across their enterprise. The
organization`s prominent brands include Bankers Systems, VMP Mortgage Solutions,
PCi, AppOne, GainsKeeper, Capital Changes, NILS, AuthenticWeb and Uniform Forms.
Wolters Kluwer Financial Services is part of Wolters Kluwer, a market-leading
global information services company focused on professionals with annual
revenues (2009) of €3.4 billion ($4.8 billion), approximately 19,300 employees
worldwide and operations in over 40 countries across Europe, North America, Asia
Pacific, and Latin America. Visit our website, YouTube or follow @Wolters_Kluwer
on Twitter for more information about our market positions, customers, brands,
and organization.

Wolters Kluwer Financial Services
Jennifer Marso, 612-852-7912
Director of Corporate Communications
Jennifer.marso@wolterskluwer.com
On Twitter: @JenniferMarso
or
Charles Miller, 320-240-5457
Senior Public Relations Specialist
Charles.miller@wolterskluwer.com
On Twitter: @CharlesWMiller

Copyright Business Wire 2010