SQN Banking Systems and CIC Partner

Friday 23 January 2004 09:51 CET | News

Communication Intelligence Corporation (CIC) and SQN Banking Systems (SQN), have entered a strategic licensing agreement.

Under the terms of the agreement SQN will incorporate CICs biometric and electronic signature products into SQNs teller and new account opening applications thereby enabling real-time verification of biometric signatures and the binding of signatures to the content of the documents with CICs patented, tamper-resistant technology. SQN has been providing static signature verification systems for check fraud detection and banking automation systems for over 20 years and as the leading provider of signature verification and integrated check fraud prevention software it currently serves eight of the top ten banks in the US. SQN clients range from large banks such as Bank of America, Wells Fargo, JP Morgan, Chase and Wachovia to community banks such as Gloucester County Federal Savings Bank. The banking industry has become highly competitive and the use of technology is critical for insuring the highest level of security, improving processes that affect the bottom line and maintaining a satisfying customer experience. The ability to use CICs technology to further reduce fraud loss and to extend SQNs offering for banking process automation targets these needs and enables SQNs clients to benefit from a rapid ROI due to better fraud protection.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce