OTTAWA, March 27, 2012 /CNW/ - 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 investment."
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 Pacific.
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.
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