OTTAWA, Oct 7 /PRNewswire-FirstCall/ - March Networks® (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® 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™ 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® (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®, 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 href="http://www.marchnetworks.com/">www.marchnetworks.com.
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