Bank Systems & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Payments

04:59 PM
Connect Directly
Google+
Twitter
RSS
E-Mail
50%
50%

News from BAI TransPay 2009: SunTrust Implements Orbograph Sereno

News from BAI TransPay 2009: SunTrust implements Orbograph Sereno image-based fraud detection solution to further reduce check fraud losses.

SunTrust Bank has implemented San Diego-based Orbograph Ltd's Sereno image-based fraud detection system within its check processing operation. SunTrust, a long-time user of Orbograph's Payee Name Verification (PNV), selected Sereno to enhance its fraud-detection environment. Atlanta-based SunTrust participated in the Orbograph Design Partner Program, which gave the company direct feedback into the product functionality.

According to Chip Kohlweiler, fraud countermeasure manager for SunTrust, "We had a focused objective: Find fraud our legacy systems were not detecting without adding additional personnel. We were able to accomplish this objective and continue to see improvements in the system. The complementing aspects of Sereno to our transaction fraud system are very effective, providing another layer of protection for our retail and business customers," he added in a statement.

Katherine Burger is Editorial Director of Bank Systems & Technology and Insurance & Technology, members of UBM TechWeb's InformationWeek Financial Services. She assumed leadership of Bank Systems & Technology in 2003 and of Insurance & Technology in 1991. In addition to ... View Full Bio

Register for Bank Systems & Technology Newsletters
Slideshows
Video
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.