Data Center (DCI) has partnered with QPS to integrate QPS solutions for cross-channel fraud prevention with the DCI flagship iCore360 core banking software.
DCI is privately-owned developer of leading banking software and related technologies for community banks nationwide. The company said it has launched a pilot program with Quatrro Processing Services (QPS), a payment solution and fraud prevention services provider.
QPS’ solutions are designed to help community banks of all asset sizes combat fraud and build more profitable customer relationships using advanced tools for fraud monitoring, rule modification and false positive management.
Sriram Natarajan, president & COO of QPS, said:”QPS has been at the forefront of developing innovative cross-channel fraud prevention solutions, providing banks with the robust round the clock transaction monitoring framework and structured fraud fighting approach. QPS’ end-to-end fraud detection and prevention solution will now allow DCI community banks to ensure minimal customer disruption with robust anomaly detection.”
To address this escalating fraud challenge, banks need to reduce fraud exposure by narrowing the window of opportunity for attacks. Using QPS’ sophisticated transaction analysis algorithms and real-time fraud detection solutions, DCI will benefit banks by effectively minimizing fraudulent activities across portfolios like debit/credit card, checks and same day ACH.
John Jones, DCI president and CEO added, “The advanced architecture and user advantages of iCore360 are a great fit for the advanced algorithm and industry expertise of QPS to further help community banks fight fraud while boosting revenue and customer satisfaction in a streamlined workflow.”
QPS claims to embrace multi-layered risk monitoring approach that continually adapts to changes in the threat landscape. This includes a seamless integration and coordination of human and machine intelligence via QPS and RiskNet technology by The ai Corporation.
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