American Bank Reduces Fraudulent Losses With March Networks $2.2 Million Surveillance Expansion
March Networks | Date:
March Networks, a global provider of intelligent IP video solutions, announced it has received orders totaling more than $2 million from a financial institution ranked among the top 15 largest in North America. The orders extend the bank's current March Networks installation to more than 1,000 retail banking branches and include hybrid NVRs and software.
The bank continues to deploy the financial solution to ensure the efficient centralized management of its extensive video surveillance network and to more effectively reduce losses from ATM skimming and other fraudulent activity.
The financial institution plans to pilot the company's Searchlight banking analytics software. The applications layer additional fraud detection and investigation capabilities onto the surveillance systems to significantly cut losses from ATM skimming, cash harvesting and other theft. The March Networks Searchlight portfolio includes Financial Transaction Investigation, which synchronizes ATM and teller transaction records with high-quality video to streamline case management and investigator performance. It also includes powerful Skimming Detection, Image Tracker and License Plate Tracker applications that enable banks to proactively detect fraudulent activity at ATMs and strengthen case evidence quickly by correlating facial images, transaction information and license plate data.