Fiserv Imagesoft's FraudGuard to Support Check Interoperability; System Enhancements to Deliver Image-Enabled Fraud Detection For All Transit and On-Us Items.ORLANDO, Fla. -- Fiserv Imagesoft, a unit of Fiserv, Inc. (Nasdaq:FISV FISV Fiserv, Inc (stock symbol) ), today announced plans to extend its FraudGuard suite to deliver check fraud protection for all transit and "on-us" items for any financial institution. Already licensed by more than 60 percent of the top 30 U.S. banks, the extensions to the FraudGuard system will deliver fraud detection interoperability between banks when verifying checks secured by image-survivable security marks. This functionality will provide multi-institution interoperability for check fraud detection that is similar in nature to credit and debit cards. Key FraudGuard functionality planned to support this check interoperability includes secure messaging interfaces, new infrastructure modules for verification authorities and validation, enhanced duplicate item detection and counterfeit check validation. Currently, the solution is entering a proof-of-concept beta test A test of new or revised hardware or software that is performed by users at their facilities under normal operating conditions. Beta testing follows alpha testing. Vendors of packaged software often offer their customers the opportunity of beta testing new releases or versions, and the .
With the expansion of its fraud mitigation capabilities, FraudGuard will now be able to decode (1) To convert coded data back into its original form. Contrast with encode.
(2) Same as decrypt. See cryptography.
(cryptography) decode - To apply decryption. a broader array of image-survivable security marks on checks, in addition to Fiserv's own SecureSeal. Used in conjunction with a secure messaging infrastructure, the enhanced system also will provide a standardized application protocol interface to allow remote, teller and merchant capture solutions to interface with the system on a real-time basis for check fraud detection at the point of presentment.
"The industry's continual move toward increased image exchange is making traditional, paper-based check security features more and more ineffective," said James "Skip" Smith, SVP SVP S'il Vous Plaît (French: Please)
SVP Senior Vice President
SVP Schweizerische Volkspartei (Swiss People~s Party)
SVP Society of Vertebrate Paleontology
SVP Social Venture Partners
SVP St Vincent de Paul of Product and Technology at Fiserv Imagesoft. "By including image-survivable security marks on checks that are truly interoperable between banks, and a secure means of delivering access to decode the marks and the image data, the industry can stay one step ahead of the fraudsters, combating counterfeits, forgeries and alterations at the earliest point of presentment."
An active participant in a variety of projects with 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. Technology Consortium (FSTC FSTC Financial Services Technology Consortium (Electronic Financial Services)
FSTC Food Service Technology Center
FSTC Foreign Science & Technology Center (Army)
FSTC Federal Software Testing Center ), Fiserv Imagesoft, with its FraudGuard check fraud detection suite, was most recently involved in the FSTC's project on Interoperable Image-Survivable Check Security Features. This FSTC project developed proposed standards that define the roles, messages and infrastructure necessary for interoperability. These proposed standards are currently under review with the ASC ASC Ambulatory surgery center, see there X9 and will be supported by the Fiserv Imagesoft solution once they are approved.
Interoperability enhancements to the system are committed for beta testing (programming) beta testing - Testing a pre-release (potentially unreliable) version of a piece of software by making it available to selected users. This term derives from early 1960s terminology for product cycle checkpoints, first used at IBM but later standard throughout the with several leading financial institutions in 2006 and will become available in early 2007.
Fiserv Imagesoft, a unit of Fiserv, Inc., has been providing imaging solutions to the financial services industry since 1989. The organization 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. Fiserv Imagesoft software is currently used by hundreds of financial institutions and other businesses in the U.S. and abroad. Fiserv Imagesoft is on the Web at www.imagesoft.fiserv.com.
Fiserv, Inc. (Nasdaq:FISV), a Fortune 500 company, provides information management systems and services to the financial and health benefits industries. Leading services include 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 (BPO BPO Business Process Outsourcing
BPO Benevolent & Protective Order (of Elks of the USA)
BPO Benzoyl Peroxide
BPO Business Process Optimization
BPO Broker Price Opinions
BPO Buffalo Philharmonic Orchestra ), software and systems solutions. The company serves more than 17,000 clients worldwide and is the leading provider of core processing solutions for U.S. banks, credit unions and thrifts. Fiserv was ranked the largest provider of information technology services to the financial services industry worldwide in the 2005 and 2004 FinTech 100 surveys. Fiserv Health provides health plan management, pharmacy benefits management, and BPO services to the managed care market and self-funded commercial and government employers and health plans. Headquartered in Brookfield, Wis., Fiserv reported more than $4 billion in total revenue for 2005. For more information, please visit www.fiserv.com.