Avanta Federal Credit Union Automates Secure Safe Deposit Operations with SQN Banking Systems’ SENTRY: SafeTM
- -- Members save time with safe deposit management software -- -
RANCOCAS, N.J., Nov. 29, 2005 – SQN Banking Systems, a leading provider of integrated fraud detection and process improvement
products for the financial industry, announce the successful integration of SENTRY: Safe at Avanta Federal Credit Union. SENTRY: Safe efficiently manages all aspects
of safe deposit operations, saving time and creating a more secure environment for financial institutions. Billings, Mont.-based Avanta Federal Credit Union,
holding $92 million in assets at five branches, reports saving members more than 20 minutes per visit by automating their safe deposit operations.
“SENTRY: Safe has all of the features and reports that we wanted, and it is very simple to use,” said Bernie Neibauer, assistant vice president of
Avanta Federal Credit Union. “Our members appreciate that they can get in and out of their safe deposit box in just a few minutes, rather than having
to wait while the financial service representative retrieves their box card.”
SENTRY: Safe’s complete management of safe deposit operations increases productivity, customer service and security. By enabling the financial
institution to generate reports regarding invoices, payments and current and potential income, the program saves hours of bank employees’ time.
The software reduces risk and enhances customer service by displaying the box holder’s signature and photo ID to the branch personnel, speeding
identity verification and making the customer feel more secure. SENTRY: Safe also keeps strict records of deposit box activity through visitor log
and account status reports.
“Now, more than ever, a heightened level of security is needed in financial institutions,” said Joe Uhland, president of SQN Banking Systems.
“Because thieves are using a variety of fraudulent methods to steal from financial institutions, we will continue to create ways of stopping them.”
About SQN Banking Systems
For more than 20 years, SQN Banking Systems has provided integrated fraud detection and process improvement products for the financial industry,
meeting the needs of financial institutions of all sizes. The SENTRY suite of products includes software for exception item processing, image fraud
detection tools, automated signature comparison, signature verification and display, transaction analysis and safe deposit operations management. More
than 500 SQN customers have improved their earnings and reduced check fraud losses by as much as 84 percent with SENTRY. For more information, visit SQN's
Web site at www.sqnbankingsystems.com.
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To download this press release as seen in Credit Union Times in pdf format, Click Here.
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