Amcrin Corporation and Loss Control Solutions Partner to Fight Financial Fraud; Direct Data Interchange Capability Saves Time in Exporting Check and Suspect Fraud Information.Business Editors MINNEAPOLIS--(BUSINESS WIRE)--Jan. 13, 2003 Loss Control Solutions (LCS LCS - Language for Communicating Systems ) announced its partnership with Amcrin Corporation (Amcrin). Under the terms of the agreement, current and potential end-users of LCS' flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , Investigation Case Management System (ICMS ICMS Imposto Sobre Circulação de Mercadorias e Serviços (Brazilian excise tax) ICMS International Centre for Mathematical Sciences ICMS International Committee for Museum Security ICMS Integrated Customer Management System )(TM), will be able to export check and suspect fraud data into the Amcrin CrimeDex(R) network data system. The first ICMS customer to utilize the data interchange capability is Boeing Employees Credit Union (BECU BeCu Beryllium Copper BECU Boeing Employees Credit Union BECU Brethren Employees' Credit Union (Church of the Brethren) BECU Body Electronic Control Unit (automotive) BECU Bowater Employees Credit Union ) in Tukwila, Wash., the third largest credit union in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . "The interchange capability between ICMS and CrimeDex will enhance the efficiencies and effectiveness of our check fraud investigation efforts, and the value we realize from the use of both systems," said John Snodgrass, Security Risk manager at BECU. "Now that this enhancement is available, we look forward to further benefits from LCS and Amcrin's alliance." "This interface allows financial institutions to implement a comprehensive case management solution with ICMS, and then integrate their data into the CrimeDex network," said Terry Heilman, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Amcrin. "The time and effort to load the ICMS data into CrimeDex will be substantially reduced and allows investigators to better leverage the benefit of the CrimeDex network into their check fraud case work." "Our close alliance with Amcrin enables us to deliver more comprehensive solutions to the financial services industry," said Bryan Viau, president of LCS. "The new capability created between ICMS and CrimeDex is a powerful solution for the criminal investigations community." To use this capability, an ICMS customer initiates an export file from the ICMS system, which is then loaded into CrimeDex and made available to members of the network. The data interchange can be accomplished as needed as needed prn. See prn order. or on a scheduled basis, eliminating duplicate data entry between the two systems. About Amcrin Corporation Amcrin Corporation, headquartered in West Linn linn n. Scots 1. A waterfall. 2. A steep ravine. [Scottish Gaelic linne, pool, waterfall.] , Ore., provides corporate and public criminal investigators with the CrimeDex network system to share information related to fraudulent activity, apprehend criminals, and take strategically informed steps toward fraud prevention. The CrimeDex system is the "Switzerland" of criminal fraud information, where data exchange occurs without compromising the confidentiality of proprietary financial information. CrimeDex unites retailers, financial services, telecommunications carriers, utilities, and law enforcement in the only shared network data system for fighting fraud. CrimeDex is currently focused on fraudulent check crimes, with telecommunications fraud, identity theft, and credit card fraud Credit card fraud is a wide-ranging term for theft and fraud committed using a credit card or any similar payment mechanism as a fraudulent source of funds in a transaction. The purpose may be to obtain goods without paying, or to obtain unauthorized funds from an account. systems in progress. For more information, contact James Hudson at jhudson@amcrin.net, or visit the company's Web site at www.amcrin.net. About Loss Control Solutions Founded in 1996 in Minneapolis, Minn., Loss Control Solutions provides management software systems and services for the financial services industry. The company's flagship product, Investigation Case Management System(TM) (ICMS), manages workload and data for loss prevention, corporate security, compliance and anti-money laundering personnel and provides the capability to identify patterns and profile areas requiring further analysis. Loss Control Solutions is the provider of choice for loss prevention, security and risk management for many leading U.S. banks, thrifts, savings and loans savings and loan n. a banking and lending institution, chartered either by a state or the Federal government. Savings and loans only make loans secured by real property from deposits, upon which they pay interest slightly higher than that paid by most banks. , and credit unions, including 29 of the top 100 U.S. banks, which are currently using ICMS. For more information, contact Bryan Viau at bryan@losscontrolsolutions.com, or visit the company's Web site at www.losscontrolsolutions.com. |
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