Bank of New York To Enhance Check Fraud Detection Capabilities with Imagesoft Solution; The Bank of New York to Use FraudGuard to Help Combat Commercial Check Fraud.Business Editors/High-Tech Writers ORLANDO, Fla.--(BUSINESS WIRE)--Aug. 5, 2003 The Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. is the latest financial institution to license applications that are part of Imagesoft Technologies' FraudGuard suite of integrated applications. FraudGuard uses digital interrogation interrogation In criminal law, process of formally and systematically questioning a suspect in order to elicit incriminating responses. The process is largely outside the governance of law, though in the U.S. technology to automate the verification process and combat check fraud. Imagesoft Technologies, a unit of Fiserv, Inc. (Nasdaq:FISV FISV Fiserv, Inc (stock symbol) ), specializes in the development of image-based software applications for 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 and launched FraudGuard late last year. Since its availability, five banks have licensed the product. Imagesoft's check fraud detection solution is currently comprised of FraudGuard Digital Signature Verification, FraudGuard Positive PayPLUS, FraudGuard Positive PayPLUS with Secure Seal and FraudGuard Decision Support. Imagesoft Technologies, a unit of Fiserv, Inc., based in Lake Mary, Florida Lake Mary is a city in Seminole County, Florida, United States. The population was 11,458 at the 2000 census. As of 2006, the population recorded by the U.S. Census Bureau is 14,718. [1]. Lake Mary is part of the Orlando-Kissimmee Metropolitan Area. , has been providing imaging solutions to the financial services industry since 1989. The company has maintained industry leadership by building dynamic, real-world, image-based solutions for financial services organizations of all sizes - including banks, thrifts, credit unions, brokerage and mutual fund companies, and service bureaus. Imagesoft software is currently used by hundreds of financial institutions and other businesses in the U.S. and abroad. Imagesoft Technologies is on the World Wide Web at http://www.imagesoft.fiserv.com. Fiserv, Inc. (Nasdaq:FISV) provides industry leading information management systems and services to the financial industry, 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. , outsourcing, business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in and software and systems solutions. The company serves more than 13,000 clients worldwide, including banks, broker-dealers, credit unions, financial planners/investment advisers, insurance companies and agents, self-insured employers, lenders and savings institutions. Headquartered in Brookfield, Wisconsin, Fiserv reported $2.3 billion in processing and services revenues for 2002. Fiserv can be found on the Internet at http://www.fiserv.com. |
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