OMAHA, Neb., Jan. 30, 2012 /PRNewswire/ -- Data Support Systems Inc. (DSS) a leading solution provider in Back Office Payment Automation today announced a Top 15 US banking company has licensed TRIPS Fraud™. This new offering from DSS provides the earliest and most targeted identification of check and deposit fraud in the market. In addition, the integration of TRIPS Fraud to all areas of the widely accepted TRIPS Suite allows DSS to dynamically offer superior image-based fraud detection and enhanced transaction analytics.
TRIPS Fraud utilizes Sereno™ fraud detection technology from Orbograph. Sereno uses intelligent merge logic called Multi-Source Correlation Modeling™ to combine image and transaction analysis to attain higher levels of detection accuracy and lower false suspect rates.
Carl Bortol, DSS Chief Executive Officer, said, "We are very excited to extend our product footprint with this important client. Quite simply, TRIPS Fraud is a game changer and by deploying it, our customer will be taking a major step towards lowering their expenses and reducing fraud loss."
DSS market research indicates that most US banks continue to use fraud systems designed prior to the adoption of Check Image Processing initiatives. By deploying TRIPS Fraud, DSS customers will be able to analyze transaction history but also systemically review check stock, verify signature, check for amount alterations and detect multiple signature requirements to build a more targeted profile for suspect accounts and items.
About Data Support Systems, Inc.
Data Support Systems (www.datasupport.com) develops, sells, and supports the industry‐leading TRIPS Suite, which is a fully integrated, universal payment and image solution for back office transaction processing. DSS products include solutions for exceptions, incoming and outgoing returns, image exchange, adjustments, dispute processing, domestic collections, archive, and web delivery/decisioning. DSS is a privately held corporation headquartered in Omaha, Nebraska.
Orbograph (http://www.orbograph.com ), a subsidiary of Orbotech, is a premier provider of recognition-centric services and software for check processing in the financial industry and end-to-end electronic solutions in healthcare revenue cycle management (RCM). Orbograph technologies are in use in over 1,000 financial institutions, service bureaus and billers processing billions of checks and claims annually. Orbograph solutions are utilized by 20 of the top 30 U.S. financial institutions with in-house check processing. In healthcare payments, Orbograph P2Post™ and Orbograph E2Post™ utilize innovative EOB conversion technologies to automate posting of receivables into practice management systems. Orbograph enables clients to envision more for their organization by reducing costs and managing risk while ensuring that achieving more is a reality.
Contact: Matt Cunningham
Data Support Systems, Inc.
SOURCE Data Support Systems, Inc.