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News

High Definition Cameras With Fraud Analytics for Financial Industry

March Networks : 11 October, 2010  (New Product)
March Networks has added ONVIF compliant HD Cameras with data analytics to their Financial Solutions range for improving fraud defences within the financial industry
High Definition Cameras With Fraud Analytics for Financial Industry
March Networks has announced the addition of a powerful new data analytic and high-definition (HD) cameras to its industry-leading Financial Solutions portfolio to help banks triple their video quality, double their fraud defences, and cut fraud investigation costs by as much as 50 percent.

More than 400 banks and credit unions worldwide currently trust March Networks Financial Solutions to deliver highly-reliable surveillance, integrated fraud detection and case management. In response to continuing global losses from credit card fraud and electronic crime at ATMs, which cost banks over $1 billion annually, the company is proud to introduce its innovative March Networks SearchLight Skimming Detection (SD) application.

March Networks SearchLight SD is the industry's first data analytic able to actively alert banks to potential crimes at ATMs. It uses advanced software to monitor ATM video and transaction data simultaneously and alert investigators to suspicious and potentially fraudulent activity, such as the installation of illegal card skimming devices or cash "harvesting" at an ATM using multiple stolen cards. March Networks SearchLight SD offers more than 50 customizable search parameters and a web-based dashboard that provides investigators with daily, filtered updates that would typically take days to assemble. It enables banks to increase their fraud detection and reaction rates and improve investigation productivity dramatically, when used as part of March Networks' comprehensive solution.

To further enhance video capture capabilities for both fraud investigations and banking security, March Networks is also introducing new HD IP cameras to its portfolio. The company's VideoSphere MegaPX WDR MiniDome uniquely combines MegaPixel video resolution with capabilities such as Wide Dynamic Range to provide banks with crystal clear video images in a wide range of lighting conditions, including those found in many retail banking branches where natural light from large windows often creates back-lighting issues. A second camera, the VideoSphere MegaPX NanoDome, offers banks HD resolution in a compact indoor/outdoor design that makes it ideal for inconspicuous installation in ATM vestibules, lobbies and cash counting centers. Both cameras are ONVIF compliant to ensure seamless integration with existing ONVIF-compatible surveillance systems.

"Our Financial Solutions deliver a measureable ROI by layering innovative fraud detection and prevention applications on top of our highly-reliable video surveillance and enterprise-class management," said Paul Novak, March Networks General Manager, Global Financial Solutions. "We are pleased to introduce these new capabilities to our proven portfolio and look forward to working with our certified partners to demonstrate their benefits to financial customers worldwide."

The company will demonstrate its Financial Solutions, including its new March Networks SearchLight SD analytic and MegaPX HD cameras, in Booth 532 at the ASIS International Seminar and Exhibits, October 12-14, at the Dallas Convention Centre in Dallas, Texas.
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