1441 Electronic W-8 automates the solicitation, renewal, and validation of electronic W-8 and W-9 forms. Ideal for those financial institutions who choose to eliminate the handling and storage of paper documents or for those institutions with on-line banking or brokerage services. (Available June 1, 2001)

1441 Electronic W-8 provides an electronic version of the IRS Forms W-8 and W-9. The system uses the MD3 validation technology to validate the status of a
document once a user completes and submits a Form. The 1441 Electronic W-8 system has two possible implementations. First, CTI will be hosting the 1441 Electronic W-8 for any institution who would like their clients to fill out a W-8 or W-9 Form electronically but do not wish to expend the resources and costs for integration within their core systems. Second, CTI will integrate the 1441 Electronic W-8 module into an institution's online account opening system to complete the document collection and validation function. (Available June 1, 2001)