CONIX Systems Inc., a Manchester, Vt.-based provider of payment processing solutions, is introducing image analytics to enhance its fraud and duplicate detection solutions.
According to the company, the enhancement enables financial institutions to further mitigate significant risk exposure in their payment processing operations. CONIX Image Analytics extends Fraud Detective's Day 1 detection capabilities to include image technology and enhances the Dupe Detective solution by providing a method of identifying and confirming cases of counterfeit, forged or altered documents.
‘In an environment increasingly comprised of electronic and image payments received from multiple channels, banks are encountering mounting incidents of fraud and duplicate payments,’ says CONIX CEO Mike Charles. ‘CONIX Image Analytics offers banks Day 1 detection solutions that scan check images in order to identify and streamline the resolution of suspect payments.’