March Networks Announces a $2.5 Million Deal from a Top Global Bank

March Networks, a global provider of intelligent IP video solutions, announced more than $2.5 million in orders from a top ten global financial institution for new video recording systems. The financial institution is deploying the hybrid network video recorders (NVRs) to outfit new retail banking branches, as well as existing branches as part of a planned upgrade program. In addition, it plans to use the company's integrated Searchlight software applications in a number of locations to more aggressively reduce losses from ATM skimming, cash harvesting and other banking crime.

These latest orders will bring the bank's total March Networks video surveillance installation to approximately 8,000 locations once the rollout is complete in August 2012. The customer continues to standardize on the financial solution because of its centralized video management capability, which enables authorized staff to access video and conduct investigations remotely at a much faster pace. The solution also provides the demonstrated reliability, scalability, and advanced health monitoring and maintenance needed to ensure optimum system performance across the extensive surveillance network.

March Networks applications provide financial institutions with critical business intelligence that makes it faster and easier to detect and reduce losses from fraud and other crimes. The portfolio includes Financial Transaction Investigation software, which synchronizes ATM and teller transaction records with high-quality video to streamline case management and investigator performance. It also includes powerful Detection, Image Tracker and License Plate Tracker applications that enable banks to proactively detect fraudulent activity at ATMs and gather strong case evidence through centralized searches that correlate video, transaction information, facial images and license plate data.