BANKDetect Names Xavier Estrada Senior Software Engineer; Highly-Skilled Programmer Adds Expertise to Loss Prevention and Compliance Provider.

CHURCHTON, Md. -- BANKDetect, LLC., a privately held knowledge-based technology company that focuses solely on loss prevention and compliance for financial industries, has added Xavier Estrada to its team as senior software engineer.

In this position, Estrada is responsible for providing support for daily production and upgrades of fraud detection client server applications written in Microsoft Visual C#. He will monitor development initiatives while insuring successful testing and deployment of new functionality for all of BANKDetect's products.

"Xavier is a strong asset to our company because of his background in the financial industry and his thorough knowledge of how to apply technology to the needs of this industry," said Karen Cofod Smith, executive vice president and operational manager. "With Xavier's addition to our engineering department, we will continue to improve the products we offer and better anticipate our clients' compliance and fraud prevention needs."

Estrada has more than two decades of computer programming experience. Prior to joining BANKDetect, he was a senior programmer and analyst for Riggs Bank of Riverdale, Md. His responsibilities included designing, coding, testing and implementing Web applications. Estrada also developed a customized Windows application for clients that allowed them to convert EXCEL spreadsheets to an accepted mainframe vendor application format.

"It is an honor to contribute to a company as highly respected as BANKDetect," Estrada said. "BANKDetect is forward thinking in its approach to technology use in the fight against fraud and offers some of the most robust applications available today."

Estrada is a Microsoft Certified Professional (MCP), a technical leader who can successfully implement Microsoft business solutions. He is currently preparing for the Project Management Professional (PMP) and Microsoft Certified Application Developer (MCAD) Certifications.

About BANKDetect

BANKDetect, a division of FRAUDetect, LLC, is a privately held knowledge-based technology company based in Churchton, Md., just outside of Annapolis, Md. The company focuses solely on fraud and abuse prevention for the financial industry and develops and operates analytical systems using more than 30 years of experience drawn from the U.S. national and defense intelligence communities.

BANKDetect offers several products to prevent fraud: RiskTracker-A3 (Account Activity Analysis) is an advanced transaction monitoring system that uses a broad spectrum of fraud detection functions to analyze daily demand deposits and identify high risk behavior; RiskTracker-ID/CIP(TM) is a customer identification screening system and works with RiskTracker-A3 and RiskTracker-AML(TM) to detect abnormalities in application data and filter out fraudulent applicants before they open an account; RiskCheck detects deposited items made against closed accounts and other causes of returned items; and RiskTracker-OFAC(TM) Checker can be used online to check customer names and addresses against the most recent government databases; RiskTracker-AML is an advanced transaction monitoring system that uses a broad spectrum of detection functions to detect money laundering.

For more information, contact BANKDetect at 5419 Deale Churchton Road, #205, Churchton, MD 20733-2404; call 410.867.8217 or visit the company's Web site at www.bankdetect.com.