GLASTONBURY, Conn. – Open Solutions, Inc., has released Veri-Fast, a solution designed to quickly and securely identify accountholders at the teller station.
Processing Content
Pointing to a TowerGroup study indicating 20% to 35% of the $55 billion in operational losses incurred by financial institutions are due to fraud, the company says the new Veri-Fast solution uses two-factor authentication to identify the accountholder at the teller line. The member/customer swipes their ATM/debit card, enters their PIN number and once verified, the software instantly retrieves the relationship profile. It also reduces teller keystrokes, Open Solutions said.
For info: www.opensolutions.com.
