Free Newsletter
Register for our Free Newsletters
Newsletter
Zones
Access Control
LeftNav
Alarms
LeftNav
Biometrics
LeftNav
Detection
LeftNav
Deutsche Zone (German Zone)
LeftNav
Education, Training and Professional Services
LeftNav
Government Programmes
LeftNav
Guarding, Equipment and Enforcement
LeftNav
Industrial Computing Security
LeftNav
IT Security
LeftNav
Physical Security
LeftNav
Surveillance
LeftNav
View All
Other Carouselweb publications
Carousel Web
Defense File
New Materials
Pro Health Zone
Pro Manufacturing Zone
Pro Security Zone
Web Lec
 
ProSecurityZone Sponsor
 
ProSecurityZone Sponsor
 
ProSecurityZone Sponsor
 
ProSecurityZone Sponsor
 
ProSecurityZone Sponsor
 
ProSecurityZone Sponsor
 
 
News

Video Surveillance Based Fraud Defence At Fifth Third Bancorp

March Networks : 10 January, 2012  (Application Story)
March Networks has provided Fifth Third Bancorp with its Financial Solution for providing a combination of physical security and fraud prevention
Video Surveillance Based Fraud Defence At Fifth Third Bancorp
Fifth Third Bancorp has initiated an upgrade program of its existing March Networks’ video surveillance systems across more than 1,300 full-service retail banking branches, data centres, corporate offices, and operations and cash handling facilities. One of the top 15 banks in the US, Fifth Third Bank has already started deploying 12,000 new March Networks IP and analogue cameras, and will upgrade to new 4332 C Hybrid Network Video Recorders (NVRs) nationwide. The bank is also piloting the March Networks Searchlight portfolio of intelligent data analytics to proactively detect and reduce losses from fraud at ATMs and teller lines.  

“The March Networks video surveillance solution has consistently delivered solid results for us,” said Mike Neugebauer, Vice President and Senior Manager, Safety and Security at Fifth Third Bank. “The new hybrid platforms offer impressive IP performance and work with our existing March Networks video management software, making the transition simple and cost-effective. We’re also very interested in the Searchlight applications, which would allow us to securely correlate our surveillance video with transaction data, licence plate data, and facial images. We believe these banking analytics could help us identify fraud earlier and gather evidence more quickly to significantly reduce losses.”

The orders follow a recent industry report by IMS Research that recognizes March Networks as the #1 provider of banking surveillance systems in the Americas. Worldwide, more than 450 banks and credit unions currently use the company’s proven financial solutions, citing scalability, unparalleled reliability and centralised video management as key system benefits.

Fifth Third Bank will upgrade to the 4332 C Hybrid
NVR, which will double its existing IP camera support and expand evidence storage. It is also deploying a mixture of March Networks MegaPX WDR MiniDome IP cameras and WDR Indoor Dome cameras throughout its retail bank and critical infrastructure facilities. The cameras’ Wide Dynamic Range feature balances scenes with both low and bright light – guaranteeing clear images even in challenging environments such as retail banking branches, where sunlight streaming through large windows can cause subjects in a surveillance scene to appear silhouetted against the bright backdrop.

The March Networks Searchlight portfolio combats two of the most significant exposures financial institutions face today: ATM skimming and bank card fraud, which amount to an estimated $1 billion in losses annually. Searchlight Financial Transaction Investigation software synchronizes ATM and teller transaction records with detailed video evidence. This streamlines search and case management processes, improves investigator performance and reduces associated costs. Searchlight Skimming Detection, Image Tracker and License Plate Tracker applications speed investigations and strengthen case evidence to help banks more effectively combat ATM skimming, cash harvesting and other fraudulent incidents.

“Financial institutions around the world have selected March Networks video and data systems to gather better business intelligence and maximize returns,” said Net Payne, Chief Marketing Officer, March Networks. “The decision by Fifth Third to upgrade with our financial solution further underlines the bank’s confidence in our ability to provide a superior return on investment.” 
Bookmark and Share
 
Home I Editor's Blog I News by Zone I News by Date I News by Category I Special Reports I Directory I Events I Advertise I Submit Your News I About Us I Guides
 
   © 2012 ProSecurityZone.com
Netgains Logo