Union Bank, N.A., in partnership with International Financial Services, Inc., has recently launched its deposit tracking platform called the DTS (News - Alert) System.

International Financial Services is a premier firm that specializes in web-based solutions for financial and retail services.

The newly announced DTS System will help corporate banking clients maximize the efficiency of their retail deposit process and will allow businesses to use online tools to track and reconcile bank deposits typically made from retail locations.

“As part of our continued development of cash management products for our corporate clients, Union Bank aims to enhance its product suites through its relationship with International Financial Services, Inc., and the DTS System,” said Don Gilmore, senior vice president and head of product management and product development, in a release.

Officials said that the DTS System is used by the Treasury Management clients to access a comprehensive view of their deposits for all stores in a single reporting platform. Clients also use the online system to track deposit packages from creation at the store to pick up and delivery to Union Bank.

The reporting capabilities of DTS will enable clients to view an extensive array of reports to expedite reconciliations.  

More than three dozen such reports monitor deposit activity across the enterprise, including deposit posting, adjustments, employee performance, armored car service-level performance and bank service-level performance. Users, with the help of this intuitive reporting application, are able to download reports to the desktop for analysis and distribution.

“We are very pleased to be working with Union Bank to deliver the many benefits of the DTS System to their customers,” said Lou Salafia, president of IFS Services. “Union Bank has a track record of innovation in the cash management field and their deployment of the DTS product further emphasizes this commitment.”

In other news, Union Bank, N.A has announced the opening of a new branch in San Jose, located at 1110 Blossom Hill Road, Suite 40.