March Networks Strengthens Financial Solutions with Innovative Fraud Detection Analytic and High-Definition Cameras
Poster: SySAdmin
Posted on October 7, 2010 at 8:07:01 AM
March Networks Strengthens Financial Solutions with Innovative Fraud Detection Analytic and High-Definition Cameras
OTTAWA, Oct 7 /PRNewswire-FirstCall/ - March
Networks((R)) (TSX: MN), a global provider of
intelligent IP video solutions, today 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 defenses, 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((R))
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((TM) )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 Center in Dallas, Texas.
About March Networks
March Networks((R)) (TSX:MN)
is a global provider of intelligent IP video solutions. For close to a
decade, the company has helped some of the world's largest commercial
and government organizations transition from traditional CCTV to
networked video surveillance used for advanced security, loss prevention
and risk mitigation. VideoSphere((R)), the company's
enterprise-class video management portfolio, includes open-platform VMS
software complemented by high-definition IP cameras, encoders, video
analytics and recording platforms, as well as outstanding professional
and managed services. March Networks systems are delivered through an
extensive distribution and partner network and currently support over
one million channels of video in more than 50 countries. For more
information, please visit http://www.marchnetworks.com.
Forward-Looking Statements
This release contains certain
forward-looking information, including expectations of future business.
This information is based on the Company's current expectations and
assumptions that are subject to a variety of risks and uncertainties
that are difficult to predict and that may be beyond March Networks'
control. Actual results could differ materially from those expressed in
any forward-looking statements due to factors such as customer demand
and timing of purchasing decisions, increased levels of competition,
technological changes and the successful development of new products,
dependence on third-party manufacturers, risks relating to intellectual
property infringement claims, and other risks and factors identified in
March Networks' public filings with regulatory authorities in Canada.
March Networks assumes no obligation to update these forward-looking
statements as a result of new information or future events.
*MARCH NETWORKS, and the MARCH NETWORKS logo are registered trademarks
of March Networks Corporation. All other trademarks are the property of
their respective owners.
SOURCE MARCH NETWORKS CORPORATION
MARCH NETWORKS CORPORATION
CONTACT: <p><b>FOR MEDIA INQUIRIES, PLEASE CONTACT:<br/></b>Erica Miskew<br/>March Networks<br/>+1 613-591-8181 x5760<br/><a href="mailto:emiskew@marchnetworks.com">emiskew@marchnetworks.com</a></p>
OTTAWA, Oct 7 /PRNewswire-FirstCall/ - March
Networks((R)) (TSX: MN), a global provider of
intelligent IP video solutions, today 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 defenses, 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((R))
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((TM) )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 Center in Dallas, Texas.
About March Networks
March Networks((R)) (TSX:MN)
is a global provider of intelligent IP video solutions. For close to a
decade, the company has helped some of the world's largest commercial
and government organizations transition from traditional CCTV to
networked video surveillance used for advanced security, loss prevention
and risk mitigation. VideoSphere((R)), the company's
enterprise-class video management portfolio, includes open-platform VMS
software complemented by high-definition IP cameras, encoders, video
analytics and recording platforms, as well as outstanding professional
and managed services. March Networks systems are delivered through an
extensive distribution and partner network and currently support over
one million channels of video in more than 50 countries. For more
information, please visit http://www.marchnetworks.com.
Forward-Looking Statements
This release contains certain
forward-looking information, including expectations of future business.
This information is based on the Company's current expectations and
assumptions that are subject to a variety of risks and uncertainties
that are difficult to predict and that may be beyond March Networks'
control. Actual results could differ materially from those expressed in
any forward-looking statements due to factors such as customer demand
and timing of purchasing decisions, increased levels of competition,
technological changes and the successful development of new products,
dependence on third-party manufacturers, risks relating to intellectual
property infringement claims, and other risks and factors identified in
March Networks' public filings with regulatory authorities in Canada.
March Networks assumes no obligation to update these forward-looking
statements as a result of new information or future events.
*MARCH NETWORKS, and the MARCH NETWORKS logo are registered trademarks
of March Networks Corporation. All other trademarks are the property of
their respective owners.
SOURCE MARCH NETWORKS CORPORATION
MARCH NETWORKS CORPORATION
CONTACT: <p><b>FOR MEDIA INQUIRIES, PLEASE CONTACT:<br/></b>Erica Miskew<br/>March Networks<br/>+1 613-591-8181 x5760<br/><a href="mailto:emiskew@marchnetworks.com">emiskew@marchnetworks.com</a></p>