September 4, 2009

COMPANY NEWS:
ASV will be a vendor at this year's UNITI-East Conference in Baltimore, MD (Sept 14-18). Come stop by our booth and
say hi.

IN THE NEWS:
Agents arrest another member of the identity theft ring that defrauded, yes, even Ben Bernanke's family. Read it on CNN -- or watch the AP's report.

 

The road to perfection:

What is eBank™DISCOVERY?

eBank™DISCOVERY is the ultimate check fraud prevention solution: providing fully integrated automatic signature verification, counterfeit check detection, positive pay, and image-based check review for 100% of your on-us checks each and every day. Based on propriety technology, eBank™DISCOVERY authenticates each and every signature as well as check stock so that never again should banks be embarrassed by paying checks with forged, erroneous or missing signatures. Never again should banks pay for a counterfeit check.

eBank™DISCOVERY streamlines a task once worthy of Sisyphus, finding fraudulent checks using crude needle-in-a-haystack methods such as using dollar thresholds. Banks can now have the ability to review high-risk items flagged for questionable signatures and unknown check types, intelligently and quickly in a point-and-click environment. Its advanced architecture delivers precise results for review centrally, at the branch level or even at the teller line.

ASV’s eBank™DISCOVERY delivers an intuitive, easy-to-use interface for the rapid review of questioned items allowing banks to reduce their staff while increasing the number of items that can be reviewed. eBank™DISCOVERY delivers a single solution for:

• Automated Signature Verification
• Counterfeit Check Detection
• Teller-line Verification
• Positive Pay
• Image Analysis
• Centralized or Decentralized (Branch) review
• Real-time reporting

Benefits of eBank™DISCOVERY

1. Scalable, open architecture, allows for use with any image source.
2. Immediate savings from fraud reduction.
3. Increased productivity, reduced labor requirements, and unhampered growth opportunity.
4. Customer gratification and increased security.
5. An ability to mine an untapped resource: pre-existing signature data can be used to drive check authentication and real-time signature authentication at tellers, ATMs, point of sale for credit cards, etc.
6. Increased quality of customer signature files. Even banks that have invested heavily in imaged signature card solutions have poorly imaged and unusable signature images, missing signature cards and hopelessly dated signature samples. eBank™DISCOVERY continually cleans up and streamlines signature files.

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eBank™DISCOVERY: the first name in fraud protection

• eBank™DISCOVERY is the hands-down market leader in automatic signature verification solutions.
• ASV licenses its software and service solutions to banks, thrifts, credit unions, other financial institutions and service providers that serve clients in all 50 states and across four continents.
• ASV has earned a reputation for its market-leading verification technology and integrated solutions.
• Three-Step verification produces highly reliable results. In addition to the feature-based verification techniques that a forensic scientist uses, eBank™DISCOVERY utilizes two other verification technologies (including shape analysis) to produce highly accurate results.

One-on-one shape analysis produces highly accurate results. When the signatures are different from each other, the shape shows flatter top or an arbitrary form.
Inbound signature is compared with the layer of previously captures signatures.
Features and characteristics of a signature are calculated and compared with those of the references in the same way as in forensic science. If the difference is greater, then the signature may be a forgery.

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eBank™DISCOVERY System features

• Checkstock Verification: Counterfeiting is the fastest-growing source of fraudulent checks today, according to various industry surveys. Computer criminals armed with scanners, graphic software, and check software have a high-tech arsenal of tools capable of re-creating the most sophisticated digital check images produced by any corporation. eBank™DISCOVERY’s intelligent checkstock verification capability can identify and separate even the closest resembling counterfeit checks.
• Positive Pay: eBank™DISCOVERY’s positive pay module matches checks presented for payment against the customer's issued check information as an authorization file. Unmatched items are sent to customers for payment decision. Customers can detect unauthorized checks before the bank's return deadline, download images of all exceptions before deciding which items to pay and view the history of accepted exception item decisions by account or any date.

• On-the-Spot: eBank™DISCOVERY is now available to tellers and merchants for real-time signature capture and signature verification. Customer signatures and checks are verified instantly even at a remote location through the Internet. eBank™DISCOVERY delivers an opportunity to move from the conceptual stage to revenue generation by allowing bank customers to view and confirm questioned items quickly and securely.

• Transaction Analysis: eBank™DISCOVERY’s transaction analysis program separates out duplicate check numbers, zero check numbers, out of range check numbers, check amounts that are too large and checks that violate signing rules, for suspect activity analysis. eBank™DISCOVERY’s transaction analysis program is highly intelligent and does not require any user-defined rules or parameters, allowing for a more accurate targeting of suspects, over a broader range of items.

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