OMAHA, Neb. Feb. 28, 2011 Phoenix, AZ March 7-8
The introduction of Sereno technology into the widely accepted TRIPS Exceptions and Returns suite allows DSS to offer superior image-based fraud detection and enhanced transaction analytics as a module to the TRIPS platform. The platform provides a single user interface connected seamlessly to DDA host data. Fraud analysts operating TRIPS will attain significant productivity gains over existing siloed fraud detection methodologies and make more informed "pay or return" decisions to reduce fraud losses. Additionally, TRIPS has the ability to link account activity at a customer level as well as evaluate fraud characteristics of exception items on a real-time basis.
Sereno uses intelligent merge logic called Multi-Source Correlation Modeling™ to combine image analysis with transaction data as a means to attain higher levels of fraud detection accuracy at very low suspect rates. DSS market research indicates that many financial institutions do not yet utilize image analysis technologies including automated signature verification, multi-signature detection, check stock validation, and amount alteration to cut fraud losses and improve productivity.
Carl Bortol, DSS President, said, "We have looked at the business of fraud detection for a long time and are excited to be moving ahead with Sereno; and even more excited to be working with a quality organization like Orbograph. We are taking a very aggressive approach to the introduction of this technology and are thoroughly integrating it throughout TRIPS. This is not an after-the-fact, limit-the-damages approach; in order to be fully protected, image detection and transaction profile analysis must be looked at in every facet of the payment lifecycle."
About Data Support Systems, Inc.
www.datasupport.com Omaha, Nebraska
Contact: Matt Cunningham
Data Support Systems, Inc.
SOURCE Data Support Systems, Inc.