TBASCO Endorsements

TBA Services Company (TBASCO), manages the relationships with companies whose products and services are endorsed by TBA. The extensive endorsement process, which spans from 3-6 months, includes:

• An RFP invitation to providers who offer the service or products being considered.
• Review of corporate structure and stability; financials; discussions with bank users; contractual terms offered to TBA member banks; implementation and disengagement conditions; customer service provided to banks; and, when applicable, software, security, regulatory certifications and examinations.
• After vetting is completed finalists make presentations to the TBASCO Board of Directors, which is tasked with making the ultimate endorsement decision.

Benefits to Texas banks

Only products/services that have been fully vetted and approved by the TBASCO Board of Directors have been granted endorsement. As a banker you can feel comfortable knowing you are engaging a company that has been through TBASCO’s due diligence and board approval.

Benefits to Endorsed Partners

Endorsed partners support the TBA through membership, exhibiting and sponsoring at convention and conferences, BankPac contributions, speaking at events and providing industry articles. Providers whose products/services have been granted endorsement are entitled to a wide range of entitlements and opportunities.

Criteria for endorsement include:

• Product/service must satisfy an identifiable need for TBA members.
• Provider of product/service must prove success based upon stable ownership and management, current and fiscal year-end financials, corporate structure and history, and client references.
• Competition must be identified and compared.
• Expectations and projections must be reviewed and realistic.
• Legal and regulatory issues must be identified and reviewed.
• Satisfaction of applicable regulatory requirements and certifications relating to the services must be provided (SSAE16, FFIEC, ITIL, regulatory examinations, etc.).
• Disengagement implications must be considered.

For more information about TBA’s endorsement program and opportunities for endorsement please email Wanda Stevens, president, or call 512-472-8388