RANCOCAS, N.J., Feb. 14, 2013 /PRNewswire/ -- SQN Banking Systems (sqnbankingsystems.com), a leading provider of integrated fraud detection and process improvement products for the financial industry, announced today a new agreement with ATMSafe Global, a division of Global Benefits Group (GBG). As a result, SQN will now enhance the company's already robust suite of integrated fraud detection and process improvement products by making the ATMSafe program available to banks and credit unions nationwide.
ATMSafe provides bank and credit union customers with added security when using debit, credit and prepaid cards at automated teller machines (ATMs), as well as when making payments with smartphones — a growing trend. If a bank or credit union customer experiences a financial loss when using an ATM or mobile payment, ATMSafe replaces the lost or stolen cash.
"We know from our work with financial institutions worldwide that offering consumers extra protection is a key differentiator," said Joe Uhland, President of SQN Banking Systems. "By adding ATMSafe as a benefit to the fraud detection and other solutions we offer, we're helping our clients provide their banking customers an even greater peace of mind."
Uhland added that as more people use their smartphones as mobile wallets, the need for the kind of protection offered by ATMSafe is expected to grow by leaps and bounds.
As a reseller of ATMSafe, SQN suggests its bank and credit union clients provide this security measure to customer checking accounts and credit cards to help increase ATM and mobile payment activities. This offering also generates a possible new line of fee income for the financial institution.
"We are very pleased to be associated with SQN," said Patrick Merkley, President of ATMSafe Global. "While our companies approach financial security in different manners, the similarities in our missions make this a strategic win-win. At the end of the day, financial institutions get combined services that provide comprehensive security benefits – from back office to ATMs – for themselves and their customers."
About ATMSafe Global
A division of Global Benefits Group (GBG) and GBG Insurance Limited, ATMSafe Global develops unique products in the domestic & international ATM, mobile payment, remittance card and money-transfer markets.
Founded in 1981, privately held Global Benefits Group serves the insurance and financial service needs of expatriates, third-country nationals and local nationals. GBG offers a multitude of insurance products — including health, life, income replacement and special risks — to individuals or groups of any size around the world. GBG has full-service administrative offices in Southern California (Corporate Headquarters); Belgrade, Serbia; Hyderabad, India; London, England; Manila, Philippines; Beijing, China; Shanghai, China; Singapore; and Vienna, Austria. In addition, GBG has local field representation in Brazil, Dubai, El Salvador, Ethiopia, Philippines, South Korea, Thailand, The Netherlands, United Kingdom and Venezuela.
About SQN Banking Systems
For 30 years, SQN Banking Systems has provided superior fraud detection products to the financial industry. We offer cloud-based applications which can be deployed at your financial institution without hardware or software. 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 sqnbankingsystems.com.
SOURCE SQN Banking Systems