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Article: Parascript Partners With SQN Banking Systems to Combat Fraud; Leading Provider of Banking Fraud Detection Technology Solutions Incorporates Parascript's Intelligent Recognition(TM) Technology to Combat the Growing $5.5 Billion Check Fraud Loss.
- Article from:
- PR Newswire
- Article date:
- April 26, 2005
CopyrightCOPYRIGHT 2005 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BOULDER, Colo., April 26 /PRNewswire/ -- Parascript(R), LLC, the Intelligent Recognition(TM) technology provider, today announced a partnership with SQN Banking Systems, a leading integrator of check fraud detection and process improvement products for the financial industry. The integration of Parascript Intelligent Recognition software into the SQN SENTRYTM product suite will heighten the ability of banks and financial institutions to protect customers, and themselves, against revenue loss due to check fraud.
The American Bankers Association reported that attempted check fraud in banks nationwide grew from $4.3 billion dollars in 2001 to $5.5 billion in 2003. ...