July 14, 2009 (FinancialWire) — Computer Services, Inc. (OTC: CSVI) (Current Market Cap: US$ 246.02 Mil.) board has authorized a $5 million increase in the company’s share repurchase program.

Company CEO Steven A. Powless said his company plans to use its existing cash reserves and “strong cash flow” from operations to fund the repurchase program.

Paducah, Kentucky-based Computer Services provides core banking, payments processing, internet, card services, risk assessment, fraud prevention, network management, and regulatory compliance solutions to more than 4,600 financial institutions and corporate entities.

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