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News

Large US Bank Takes Surveillance Protection From March Networks

March Networks : 03 January, 2012  (Application Story)
Protection from ATM Skimming and fraudulent transactions included in surveillance package designed from financial service providers in use by top US bank
Large US Bank Takes Surveillance Protection From March Networks
March Networks has received orders totaling more than $2 million from a financial institution ranked among the top 15 largest in North America. The orders extend the bank’s current March Networks installation to more than 1,000 retail banking branches and include hybrid 4000 C Series NVRs and Visual Intelligence software.

The bank continues to deploy the financial solution to ensure the efficient centralized management of its extensive video surveillance network and to more effectively reduce losses from ATM skimming and other fraudulent activity.

“We are pleased to announce new business with this leading financial customer, and look forward to providing the scalable software and business intelligence applications it requires to achieve a significant return on its investment,” said Peter Strom, President and CEO, March Networks.

The financial institution plans to pilot the company’s Searchlight banking analytics software. The applications layer additional fraud detection and investigation capabilities onto the surveillance systems to significantly cut losses from ATM skimming, cash harvesting and other theft. The March Networks Searchlight portfolio includes Financial Transaction Investigation, which synchronizes ATM and teller transaction records with high-quality video to streamline case management and investigator performance. It also includes powerful Skimming Detection, Image Tracker and Licence Plate Tracker applications that enable banks to proactively detect fraudulent activity at ATMs and strengthen case evidence quickly by correlating facial images, transaction information and license plate data.

More than 450 banks and credit unions worldwide currently use March Networks’ Financial Solutions to improve security, fraud investigation and operational efficiency. The company is the top provider of banking video surveillance systems in the Americas, according to a recent industry report by IMS Research.
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