|Major vendor announces new edition of fraud solution|
New fraud prevention solution combines multiple check fraud detection filters previously only offered in individual applications. This single, cost effective and easy to implement solution detects nearly any alteration made to a check with a single pass through the system.
Fiserv Announces FraudGuard Standard Edition
Bundling multiple fraud filters delivers low-cost, comprehensive check fraud protection
Orlando, Fla. — Fiserv, Inc. (NASDAQ: FISV), a leading provider of information management systems and services, today announced the general availability of its new FraudGuard Standard Edition (FraudGuard SE). FraudGuard SE is a comprehensive solution that combines the power of multiple check fraud detection filters previously only offered in individual FraudGuard applications. This single, cost effective and easy to implement solution detects nearly any alteration made to a check with a single pass through the system.
FraudGuard SE has been designed to meet the needs of financial institutions seeking comprehensive check fraud protection in a less expensive, out-of-the box solution. The solution combines the performance of five industry-leading FraudGuard solutions – Positive PayPLUS, Secure Seal, Signature Verification, Counterfeit Detection and Decision Support – to improve the likelihood of detecting any alterations made to a check. This powerful combination delivers unparalleled speed and detection of check alterations, forgeries and counterfeits in a single processing cycle.
FraudGuard SE has been designed with automated installation and setup utilities, greatly reducing the time and expense of traditional implementation. The system delivers the fastest and most accurate throughput available when combining payee name, signature verification and counterfeit detection analysis.
Since its launch in May, 2003, the FraudGuard check fraud detection suite has been selected by many of the world's largest financial institutions, including nineteen of the top thirty US Financial Institutions. FraudGuard SE leverages the experience and best practices of top-tier financial institutions in a cost effective, easy to implement package for smaller institutions.
"By combining protection against counterfeits, alterations and forgeries in an easy to implement, out-of-the-box solution, we can deliver the proven protection of FraudGuard to institutions of nearly any size," said James "Skip" Smith, senior vice president of product management and development of Fiserv Industry Products. "We are pleased to be able to offer comprehensive check fraud protection in a more affordably packaged FraudGuard solution."
FraudGuard SE is part of the Fiserv Guardian Series, a shared platform that enables multiple processes to be performed on a check image during a single pass through the system. Because all Guardian Series applications share a common platform, adding further functionality is easy and highly cost effective. The Fiserv check image exchange application suite, ExchangeGuard, is also part of the Guardian Series.
Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company, provides information management systems and services to the financial and insurance industries. Leading services include transaction processing, outsourcing, business process outsourcing (BPO), software and systems solutions. The company serves more than 18,000 clients worldwide and is the leading provider of core processing solutions for U.S. banks, credit unions and thrifts. Fiserv was ranked the largest provider of information technology services to the financial services industry worldwide in the 2004, 2005 and 2006 FinTech 100 surveys. Headquartered in Brookfield, Wis., Fiserv reported more than $4.4 billion in total revenue for 2006.
For more information, please visit www.fiserv.com.
Fiserv Corporate Contact:
Assistant Vice President Corp. External Comm.
Fiserv Industry Products
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