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Follow on Google News | SQN outlines its vision for payments fraud detection softwareBy: SQN Banking Systems “Banks and credit unions need a comprehensive approach to provide cross channel fraud detection tools, but the challenge will continue to be balancing that risk against budgetary constraints,” While check fraud continues to be the most common types of payments fraud, changing consumer technology is producing a unique set of risks. Increased adoption of online and mobile banking requires the company to expand its offering of fraud detection software. Increased adoption of online and mobile banking – and increased regulatory requirements that they create – adds a new set of concerns to a bank’s risk management efforts. In response, SQN has developed fraud detection tools that enable electronic document signing, mobile signature capture, and online signature capture, providing financial institutions with the solutions they need for enterprise-wide signature verification. Additionally, SQN is employing their proprietary behavior analysis and transaction analytics software against a wider range of payments to help financial institutions with credit card fraud management, enterprise risk management, and online fraud detection. “By redeploying our powerful fraud detection software suite for these evolving threats,” Uhland said, “we can provide banks and credit unions with the cross-channel fraud detection they need at a cost they can afford.” For a demonstration of SQN’s fraud detection software, contact Rachel Woodman, SQN Banking Systems’ Director of Sales & Marketing, at 484-961-0490, or by emailing her at rwoodman@sqnbankingsystems.com. About SQN Banking Systems For more than 30 years, SQN Banking Systems has provided innovative fraud detection products to the financial industry. The SENTRY suite includes real-time fraud analysis, exception item processing, image fraud detection, transaction analysis, automated and visual signature verification, official check verification, and safe deposit management. For more information, visit us at http://www.sqnbankingsystems.com End
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