March Networks Launches Newest Fraud Detection and Case Management Applications for Banks |
March Networks Corporation
Tower B, 555 Legget Drive
Ottawa, K2K 2X3
Canada
Press release date: September 19, 2011
Searchlight software links suspicious transaction data with facial images and license plates to help reduce losses dramatically
OTTAWA - March Networks® (TSX: MN), a global provider of intelligent IP video solutions and the #1 supplier of financial video surveillance systems in the Americas*, today announced new additions to its comprehensive Financial Solutions to help banks and credit unions improve security and dramatically reduce losses from fraudulent activity. March Networks Searchlight(TM) Image Tracker and License Plate Tracker (LPT) enable banks to quickly associate facial images and vehicle license plates with customer transactions. The additional layer of valuable data speeds investigations and strengthens case evidence significantly, allowing banks and law enforcement to zero-in on the criminals responsible for an estimated $1 billion in losses annually.
Image Tracker provides banks with a powerful enhancement to March Networks' Searchlight Skimming Detection (SD) portfolio. Image Tracker automatically associates facial images with ATM or teller transaction details, video clips and other relevant evidence. Using standard or custom search criteria, such as time, date, or bank card number, investigators can immediately access images and transaction details from any banking location via an easy-to-use interface. They can then drill down to review video from all associated cameras to gather the most complete case evidence possible. Watch the Searchlight application video to learn more.
Also new to the portfolio is Searchlight LPT. The application enables financial institutions to easily capture, archive and search for license plate data, and correlate it with high-quality video and transaction data using March Networks' Financial Transaction Investigation (FTI) software. Investigators can search on a specific license plate, or program a number into the system to trigger an alert when a matching license plate is captured at a drive-thru ATM or banking premises.
Searchlight LPT supports domestic, vanity and international plates, as well as partial plate searches. And unlike competitive license plate recognition offerings, the software requires no additional database infrastructure or management software, and works with a bank's existing IP or analog cameras to ensure a rapid and cost-efficient deployment.
"Banks today are looking for more than just reliable, scalable video surveillance. They want to leverage the investments they've already made in their video and data systems to gather better business intelligence and maximize returns," said Net Payne, Chief Marketing Officer, March Networks. "Our comprehensive Financial Solutions offer industry-leading hardware, powerful management software and a growing portfolio of intelligent applications developed specifically to help banking customers worldwide reduce losses and operate more efficiently."
March Networks Financial Solutions are proven in more than 450 banks worldwide. The company will demonstrate the complete portfolio, including its new Searchlight LPT and Image Tracker applications, in Booth 569 at the 57(th) annual ASIS International Seminar and Exhibits, September 19-21, at the Orange County Convention Center in Orlando, Florida. Visit www.marchnetworks.com/asis to learn more.
*IMS Research: Vertical Insights, Video Surveillance and Security in Banking and Finance - 2011 Edition.
About March Networks
March Networks® (TSX:MN) is a leading provider of intelligent IP video solutions. For more than a decade, the company has helped some of the world's largest commercial and government organizations transition from traditional CCTV to advanced surveillance technologies used for security, loss prevention, risk mitigation and operational efficiency. Its highly scalable and easy to use Command(TM) video management platform incorporates a web-based client interface to enable rapid system deployment and complete system control. It is complemented by the company's portfolio of high-definition IP cameras, encoders, video analytics and hybrid recorders, as well as outstanding professional and managed services. March Networks systems are delivered through an extensive distribution and partner network in more than 50 countries. For more information, please visit www.marchnetworks.com.
*MARCH NETWORKS, March Networks Command, March Networks Searchlight and the MARCH NETWORKS logo are trademarks of March Networks Corporation.
All other trademarks are the property of their respective owners.
SOURCE
MARCH NETWORKS CORPORATION
CONTACT: MEDIA INQUIRIES:
Erica Miskew
March Networks
+1 613.591.8228 x5760
emiskew@marchnetworks.com
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