Aurum Expands eBanking Capabilities with Comprehensive, Integrated Card Solutions.Business Editors/High-Tech Writers PLANO, Texas--(BUSINESS WIRE)--Aug. 18, 2003 Mid-Tier Financial Institutions Can Now Quickly and Securely Capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. Rising Popularity of ATM, Debit and Stored Value Cards Aurum Technology(R), a leading provider of open and integrated technology-based solutions for Community Banks, Credit Unions and Savings Institutions, today launched its comprehensive and integrated suite of Card Production solutions designed to enable both new and existing customers to create card programs as unique as the needs of their specific customers or members. Aurum Card Production solutions deliver an end-to-end process for embossing embossing, process of producing upon various materials designs or patterns in relief by mechanical means. The material is pressed between a pair of dies especially adapted to its hardness and the depth of the design needed. , encoding See encode. and distributing a full range of card programs, including ATM cards An ATM card (also known as a bank card, client card, or cash card) is an ISO 7810 card issued by a bank, credit union or building society. Its primary uses are: "Debit card use continues to rise at a rapid rate, clearly emerging as a preferred payment method at the point of sale. Whether signature or PIN-based, servicing these increasingly popular transactions represents a critical component of any financial institutions' eBanking strategy." said Anthony M. Ficarra, senior vice president of Aurum's eBanking services group. "By offering comprehensive EFT solutions--including transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. , monitoring, fraud prevention and card production--Aurum can help mid-tier financial institutions seize these market opportunities, while mitigating their risk in the process." To optimize the customer's experience, Aurum Card Production solutions are fully integrated with the company's core and switch processing technologies. When a new account is created, card data is processed at the core platform and then transmitted simultaneously to the both the card production system and the Aurum switch--synchronizing information across all systems, eliminating the need for dual data entry and delivering seamless, accurate processing of every card-based transaction. In addition, Aurum's bank and credit union customers can either customize the design of their cards or simply choose from the more than 30 card stock designs currently available for rapid time to market. Card choices include ATM cards with network logos, debit cards with Visa(R) and MasterCard(R) certifications and photo cards for added security. Finally, Aurum ensures convenient, yet highly secure card activation through ATM, telephone and Internet banking channels. Aurum solutions are designed to greatly reduce the likelihood of fraudulent activity typically associated with card programs. The company's Card Production Solutions include strict security surrounding card and PIN issuance, card activation and card stock management. And Aurum's card transaction authorizations are monitored using a neural network--a sophisticated software system that analyzes cardholder card·hold·er n. One who holds a card, especially a credit card. card  hold patterns to proactively identify potentially fraudulent activity. "Our goal is to deliver maximum flexibility with minimum risk," continues Ficarra. "By leveraging this new solution, Aurum's customers are now positioned to deliver high-value and increasingly popular card services The software support for PC Cards. PC Card applications talk to Card Services. See PC Card. , such as debit cards, while we manage the 'not-so-glamorous' operations to make it happen easily, quickly and securely." About Aurum Technology Inc. Aurum Technology Inc. provides open and integrated information technology-based solutions to the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry, with capabilities ranging from Core Solutions to eBanking to Check Imaging to Business Intelligence. Using its more than 30 years of experience and proven suite of products and services, Aurum provides Community Banks, Credit Unions and Savings Institutions with the means to increase efficiencies, grow market share and fortify for·ti·fy v. for·ti·fied, for·ti·fy·ing, for·ti·fies v.tr. To make strong, as: a. To strengthen and secure (a position) with fortifications. b. To reinforce by adding material. customer and member relationships. With a nationwide network of 24 image item processing centers and 1,400 professionals, Aurum serves more than 1,200 customers throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , including many of the financial industry's highest performing institutions. More information is available at www.aurumtechnology.com. |
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