OTTAWA, March 27, 2012
OTTAWA, March 27, 2012 /PRNewswire/ – March Networks® (TSX: MN), a global provider of intelligent IP video solutions and the #1 supplier of banking video surveillance systems in the Americas, is pleased to announce enhancements to its Searchlight applications portfolio to help banks and credit unions further reduce losses from ATM fraud,
cash harvesting and other crimes. The latest Searchlight features
include a new color detection analytic, improved facial detection, and
a new snapshot timeline that combine to triple an investigator's search
capabilities – allowing them to conduct fraud investigations even
faster and build better case evidence.
The March Networks Searchlight™ portfolio consists of Financial Transaction Investigation software, which synchronizes ATM and teller transaction records with
high-quality surveillance video to improve investigator performance and
streamline case management. It also includes powerful Skimming Detection, Image Tracker and License Plate Tracker applications that enable banks to proactively detect fraudulent
activity at ATMs and gather stronger case evidence through centralized
searches that correlate video, transaction information, facial images
and license plate data.
A new color detection analytic introduces yet another layer of evidence
filtering to aid and speed searches across any number of banking
locations simultaneously. Investigators can search ATM lobby footage
for a suspect wearing a red shirt, for example, or combine that search
parameter with specific banking card numbers or ATM transaction amounts
to zero in on evidence even more quickly. Searchlight's enhanced facial
detection analytic automatically captures the best instance of a
customer's face during a transaction, providing more reliable
identification for investigations and law enforcement. And a new visual
timeline, which offers investigators a scrolling line-up of
corresponding images for any selected timeframe, helps investigators
swiftly narrow searches.
“Fraudulent transactions at ATMs and teller stations costs banks an
estimated $1 billion annually and many feel that number may actually be
much higher,” said Net Payne, Chief Marketing Officer, March Networks.
“Our Searchlight applications enable financial institutions to cut
those losses dramatically, reduce the time and costs associated with
each investigation, and realize a measurable return on their
March Networks' comprehensive Financial Solutions include the Searchlight portfolio, as well as enterprise-class hybrid recording systems, high-definition IP cameras and Visual Intelligence video management software. Its solutions are proven in more than 450 banks and credit unions
worldwide, including six of the top 10 U.S. banks, five of the seven
largest banks in Mexico , the majority of Canada's top five financial
institutions, and leading banks across Europe , the Middle East and Asia
The company will demonstrate its complete Financial Solutions in Booth
24075 at the ISC West International Security Conference and Exposition,
March 28 to 30 , at the Sands Expo and Convention Center in Las Vegas,
NV. For more information, please visit www.marchnetworks.com/iscwest.
About March Networks
March Networks® (TSX:MN) is a leading provider of intelligent IP video solutions. For
more than a decade, the company has helped some of the world's largest
commercial and government organizations transition from traditional
CCTV to advanced surveillance technologies used for security, loss
prevention, risk mitigation and operational efficiency. Its highly
scalable and easy to use Command™ video management platform incorporates a web-based client interface to
enable rapid system deployment and complete system control. It is
complemented by the company's portfolio of high-definition IP cameras,
encoders, video analytics and hybrid recorders, as well as outstanding
professional and managed services. March Networks systems are delivered
through an extensive distribution and partner network in more than 50
countries. For more information, please visit 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, March Networks Command, March Networks Searchlight and
the MARCH NETWORKS logo are trademarks of March Networks Corporation.
All other trademarks are the property of their respective owners.
SOURCE MARCH NETWORKS CORPORATION