US-BankNet

ERF Wireless Enterprise Network Services provides banks with secure, statewide microwave broadband networks for enterprise-class backbone applications.

This unique application of microwave broadband technology provides financial institutions an extremely cost-effective way to share services with other banks and gain high-speed access to service providers and correspondent banks within the state. Key focus areas are:

• Replacing current connectivity between banks and the Internet
  
• Business continuity and redundancy
  
• Item image clearing capability to member banks
  
• Economical means to create "Buddy Banks"
  
• High-speed gateway to bank service providers

Internet Connectivity
US-BankNet provides a secure broadband gateway to the Internet for banks at a significantly reduced cost over traditional wireline providers.

Item Image Exchange
US-BankNet provides the gateway to implement Check 21 as it was intended to be. Participating service providers can provide item image clearing for US-BankNet banks. Image exchange enables financial institutions to truncate transit items during their original capture, replace the original item with a digital image substitute, and electronically clear those items with other participating institutions (and exchange networks).

US-BankNet connects financial institutions, service bureaus and third-party payment processing companies to provide image exchange and settlement capabilities.

Business Continuity & Redundancy
The ERF Wireless US-BankNet Enterprise Network should be a critical part of any financial institution’s business continuity/disaster recovery solution. It addresses simple interruptions from hardware failures and local power outages to more dramatic downtime from natural and man-made disasters.

Buddy Banks
With the availability of US-BankNet, creating “Buddy Banks” throughout the network can be easily implemented. Displaced workers can continue operating from another backup location and banks can share core processing and application resources in times of need. Access to applications and information can instantaneously be routed through redundant connections or alternate data centers. IT staff can control the redeployment of the network infrastructure versus relying on remote telecommunications providers or waiting for cables to be reconnected. It is now easy to reconfigure all of a bank’s network applications across a geographically dispersed workplace.

Shared Resources and Costs
Banks pioneered the Service Bureau concept over 40 years ago and banded together to generate tremendous savings while creating world-class computing centers. The same is now happening in the telecommunications world. US-BankNet is owned by ERF Wireless and is utilized by multiple banks to share resources and costs.

Security & Regulatory Compliance
US-BankNet will help meet regulatory compliance goals as well as enable standardization of IT systems on a single high-speed gateway for greater simplicity, ease of use and consistency. With the ERF Wireless CryptoVue® Network Security Appliance, data is protected in multiple ways and segmented across the entire system.

Supplemental Income
The US-BankNet solution provides for the profitable sale of unused bandwidth to third party and other service providers by ERF Wireless as the owner of US-BankNet.