Huntington Federal Bank Incorporates SQN Technologies' Anti-Fraud Software
-New technology verifies signatures across the bank’s branches-
RANCOCAS, N.J., May 1, 2006 – SQN Banking Systems, a leading provider of integrated fraud detection and process
improvement products for the financial industry, announced the successful integration of SENTRY: Signature at Huntington Federal Bank. SENTRY: SignatureTM
displays electronic signatures and photo IDs to detect fraud at the teller station. Huntington, W.Va.-based Huntington Federal Bank was founded in 1934 with
its main office in Huntington and four branches.
“We had a situation where the branch that opened an account and the main office would have a signature card on file, but if a customer came into a different branch,
we didn’t have anything to verify their signature,” said Laura Hutchinson, operations assistant for Huntington Federal. “We wanted something that would bridge across
all of our branches and that could verify the signature right on the spot without having to go to a file or a fax for a copy of the signature card.”
SENTRY: Signature works with most teller applications seamlessly to provide fast online signature display for tellers and back office personnel at banks of all sizes.
The signatures can be used for a wide variety of applications, such as branch display, exception item processing, and automated signature comparison, helping to
facilitate the payment decision process and quickly detect fraud.
Huntington Federal experienced no problems with the integration. “It was a large undertaking originally to scan signatures from all the accounts, but it went very smoothly,”
said Hutchinson. ”SQN was very helpful when they first installed their technology and it was really self-explanatory. We didn’t have any problems and were very pleased with it.”
“Our goal was to help Huntington Federal achieve a new level of efficiency in their signature verification process,” said Joe Uhland, Jr., president of SQN Banking Systems.
“We seek to improve the performance of all of our customers by helping them to manage risk, prevent fraud and enhance the way they interact with their customers.”
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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