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CTS North America, a market leader in providing check capture and cash handling solutions to the financial services industry, has announced its partnership with Financial Crimes Services (FCS), a check fraud and accountability solutions provider.
Through the partnership, FCS’s SNARE software customers can use ID Card Reader-equipped CTS check scanners to scan government-issued identification cards and immediately verify their authenticity. This enables law enforcement agencies and financial services companies to gain greater operational efficiency and improving customer service by managing their authentication and fraud prevention initiatives (including document identification, imaging and verification of ID including red flag compliance). Additionally, banks, credit unions, and check cashers can leverage the integrated scanning capabilities of the CTS devices for check capture applications and teller alert communication tool.
“With SNARE, law enforcement and financial institutions are now better positioned to identify and prevent fraud where it matters most -- at the point of contact,” said John McCullough, Chairman and Partner of Financial Crimes Services. ”As an industry leader in teller capture and cash handling, CTS is an ideal partner in bringing a greater level of fraud prevention to these environments.”
“Fraudsters are becoming more sophisticated, so front-line staff must have the right training and tools to counteract the threat,” said Glen Fossella, COO, CTS North America. “Additionally, financial institutions and check cashers can reap the benefits of device consolidation from having ID card reading, check capture, and other functions available in CTS scanners.”
CTS’ wide-range of scanners provide unrivaled durability and advanced image processing features for improved quality and compression. From a reduced footprint at the retail level through compact technology to a streamlined back-office with high-volume check processing capabilities, CTS products are engineered to add efficiency across the entire organization.
About CTS North America
CTS North America is a market leader in providing check capture and cash handling solutions to the financial services industry. Its parent company, CTS Electronics, is a global provider of automated systems for payments, document processing, cash recycling and deposits. CTS has more than one million peripherals installed across five continents, including more than 500,000 document readers and check scanners worldwide. Additional information is available online at www.ctsna.com.