FiTECH Systems announced today the release of Signature and Picture Verification, a module to help reduce fraud at the branch level.
The system captures, stores and retrieves images of driver’s licenses, photos, and signatures. Tellers or other member services personnel can easily access these images as verification tools before a transaction takes place.
Signature and Picture Verification uses digital images of traditional identification tools. Credit Unions can capture photographs and signatures using low cost digital devices or scan existing identification tools such as driver’s licenses or signature cards. These digital images are then stored on a local server and quickly and easily retrieved using a PC.
Identification information is now more readily accessible to credit union employees helping to reduce fraud at the teller line and providing better service for members.
According to William Rogers, president of the credit union technology consulting firm, William Rogers & Associates, “Identification fraud is very common and very costly. Credit card and check fraud alone cost credit unions millions of dollars each year-not only in fraud losses but in insurance premiums as well.” Another benefit mentioned by Rogers is that “computerized member identification at the teller work station will also enhance service to the members.”
Along with FiTECH’s MANAGER GOLD and a low-cost investment in hardware-digital camera, electronic signature pad, and scanner-the Signature and Picture Verification module enables credit unions to realize this extra security and service.
Sandy N. Greer, president of FiTECH Systems said, “With credit union growth comes broader membership and recognizing every member becomes increasingly difficult. Our Windows-based software allows tellers to quickly verify member identification using point-and-click technology which helps to eliminate the feel of interrogation during transactions.”
Mark Roberson, FiTECH’s senior vice president of sales and marketing added, “Our customers really need to retain the ability to identify individual members in their ever-increasing membership base. They mentioned a business need and we are confident the Signature and Picture Verification module will deliver additional security and member service.”
MANAGER GOLD software features include: client/server architecture; multi-tasking and multiple document viewing capabilities; graphical representation of member, employee and product information; on-line help from any data field; automatic laser forms printing; real-time member account information; cross-selling and sales tracking capabilities. Other capabilities include complete loan origination, general ledger accounting, custom report writing, Internet banking, cash dispensing and kiosks.
FiTECH’s MANAGER System is widely used throughout the United States. The company has specialized in providing data processing solutions for credit unions since its beginning in 1977. FiTECH offers full range, on-line and in-house processing and consulting services for MANAGER and MANAGER GOLD.
For more information on FiTECH Systems (FiTECH) contact Mark Roberson, Senior Vice President of Sales and Marketing, at 1-800-275-4374. Or write FiTECH Systems Inc., 3098 Piedmont Road, Suite 200, Atlanta, GA 30305. The FAX number is (404) 233-4815.Details