SQN Banking Systems Announces Linux Versions of SENTRY: SigCheck and SENTRY: Inspect
Rancocas, N.J., April 26, 2010 - Rancocas, N.J.-based SQN Banking Systems, a leading provider of integrated fraud detection and process improvement products for the financial industry, has responded to client demand for open source enabled solutions by releasing Linux versions of its SENTRY: SigCheckTM and SENTRY: InspectTM products.
Open source systems are easier to customize, more secure and offer a lower cost of ownership to users. Banks and credit unions using open source operating systems and database management systems can now use SQN's solutions to detect suspected forged and counterfeit checks. SQN's products will run on traditional server platforms such as Microsoft Server 2008 and Microsoft SQL Server 2008 as well as open source platforms Debian Linux and PostGres SQL.
"As more of our customers are installing open source operating systems and database management systems in their IT departments, we decided to write Linux versions of our flagship products," said Joe Uhland, president of SQN. "By listening to our clients' needs, we are able to continue to provide them with the most advanced and flexible fraud detection solutions."
SENTRY: Inspect software automatically reviews targeted on-us check images and compares them to a data template in the customer's profile. Inspect then flags items with discrepancies for further review. By reading the legal amount and payee line information, Inspect complements existing image based positive pay systems. Check fraud schemes are identified faster and productivity is significantly improved over manual or semi-automated research methods.
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.
