FMT Octopus Newest Release Expands Front-End Online Fraud Prevention.E-Application Software Enhanced for Airline Capability and SOA/AJAX Functionality
MELBOURNE, Australia -- Fraud Management Technologies (FMT FMT Format
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FMT Filtered Multitone ), the leading provider of front-end online fraud mitigation solutions, today announced the availability of FMT Octopus[TM] version 3.0. With the enhancements, FMT Octopus customers in a greater range of industries and environments can reliably manage risks.
The only fraud mitigation software that uses a preprocessing A preliminary processing of data in order to prepare it for the primary processing or for further analysis. The term can be applied to any first or preparatory processing stage when there are several steps required to prepare data for the user. filter in a front-end application server, FMT Octopus now gives organisations in the airline sector the ability to alleviate escalating online threats associated with e-ticketing - without intruding on a genuine customer's experience.
According to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. a Deloitte report titled "Airline Fraud Survey 2006", airline industry fraud-related losses have increased five-fold since 2000, with 99 percent of technology fraud directly relating to poor IT security.
"As a first line of defence, FMT Octopus can help protect against e-ticketing fraud relating to lost, stolen and compromised credit cards," says FMT 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. Kostas Siourthas. "By helping airlines safeguard their online customer services - such as card payment processing and acquiring - they can confidently conduct Internet activities without financial or reputational loss concerns."
FMT Octopus is the first online risk software to embed a preprocessing filter in an application server - functioning as a real-time, front-end fraud solution without requiring APIs or changes to legacy systems. The updated software offers unparalleled ability and decisioning power to detect and act on suspicious Internet transactions including credit applications, financial transactions and account servicing.
Additional new functionality includes: the ability to set variables and values directly into the software's rules engine; support for JSR JSR Java Specification Request
JSR J Sargeant Reynolds Community College (Virginia)
JSR Journal of Sedimentary Research
JSR Jump to Subroutine (6502 processor instruction) portlets, SOA (1) (Start Of Authority) The first record in a DNS zone file. See DNS records.
(2) (Service Oriented Architecture) The modularization of business functions for greater flexibility and reusability. and AJAX; enhanced support for double-byte character sets such as Chinese and Greek; and additional performance statistics, new alert capabilities and an improved look and feel.
"Organisations need front-end threat mitigation solutions with forensic capability that can be quickly and easily integrated into existing operating systems and application servers," says FMT CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. Bjarne Matzen. "FMT Octopus is innovatively designed to dependably and effectively respond to the innumerable fraud schemes perpetrated daily, ensuring maximum ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). from the technology investment."
With FMT Octopus' unique preprocessing filter, companies are able to prevent fraudulent access to Web applications before transactions complete, filling the holes left by all other back-end and passive solutions. Because of its novel location in the application server, a new market segment has emerged called E-Application Intelligence (EAI (Enterprise Application Integration) Refers to various techniques used to share data and business processes in large enterprises. When companies acquire another organization, disparate information systems have to be made to work together. ).
EAI's online fraud protection complements existing strategies and solutions to identify legitimate transactions, prevent losses, safeguard reputations, maximise online speed and efficiency, cut operating costs and comply with regulatory mandates.
FMT was founded in 2002 to help organisations contain risks associated with online financial transactions. The company's real-time, easily installed, front-end products prevent fraudulent activity and mitigate risk through predetermined pre·de·ter·mine
v. pre·de·ter·mined, pre·de·ter·min·ing, pre·de·ter·mines
1. To determine, decide, or establish in advance: strategies designed to protect a genuine customer's experience. For more information, visit www.fmtworldwide.com or contact Susan Roth on +61 420 974 762.