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Archive | Vermont

Business, entertainment, technology, financial and regional event news from Vermont (Vt.), USA.

CONIX Introduces Risk Detective for Mitigation of RDC and Mobile Deposit Risks

MANCHESTER, Vt. (SEND2PRESS NEWSWIRE) — CONIX Systems, Inc. (CONIX) is introducing its Risk Detective(TM) solution for real time scoring of client eligibility in support of financial institutions’ risk management strategies. Challenged to comply efficiently with FFIEC guidelines and to mitigate the risk associated with the expansion of payment options, financial institutions must carefully target the marketing and availability of these products only to customers who have been properly vetted.

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Trustmark National Bank Selects CONIX Systems’ Fraud Detective

MANCHESTER, Vt. (SEND2PRESS NEWSWIRE) — CONIX Systems, Inc. (CONIX), a leading international provider of payment processing solutions to the financial services industry, is pleased to announce that Trustmark National Bank (Trustmark) will add Fraud Detective(R) to the bank’s payment processing operation. Trustmark, with approximately 220 branch locations in Alabama, Florida, Mississippi, Tennessee, and Texas, is a subsidiary of Trustmark Corp (NASDAQ:TRMK).

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Vermont Startup Seeks over $1 Billion in Unclaimed Life Contracts

BURLINGTON, Vt. (SEND2PRESS NEWSWIRE) — Policy Inspector Inc., a new nationwide provider of comprehensive life insurance policy searches, is pleased to announce the launch of the company’s website, content developed by their in-house marketing group. The site embodies Policy Inspector’s forward-thinking vision and commitment to the growing needs of the over $1 Billion dollars of unclaimed life insurance policies.

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CONIX Introduces Image Analytics for Fraud Detective and Dupe Detective in Response to Financial Institutions’ Risk Mitigation Needs

MANCHESTER, Vt. (SEND2PRESS NEWSWIRE) — CONIX Systems, Inc. (CONIX), a leading provider of payment processing solutions, is introducing image analytics to enhance its fraud and duplicate detection solutions. This enhancement enables financial institutions to further mitigate significant risk exposure in their payment processing operations.

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CONIX Hosts Industry Summit as Innovation Forum for Emerging Payment Needs

MANCHESTER, Vt. (SEND2PRESS NEWSWIRE) — CONIX Systems, Inc. (CONIX) recently hosted its first Seaside Summit, which comprised a balanced cross-section of the nation’s largest banks, regional and super regional banks, and leading payment processors. The summit was held May 29-31 in North Myrtle Beach, South Carolina.

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CONIX Systems, Inc. Adds Dwight E. Williams to Sales Team, Helping Financial Institutions Adapt to Emerging Payment Opportunities

MANCHESTER, Vt., April 4, 2012 (SEND2PRESS NEWSWIRE) — CONIX Systems, Inc. (CONIX), a leading international provider of payment processing solutions to the financial services industry, is proud to announce that Dwight E. Williams has joined its team. Dwight brings 17 years of business banking and branch management experience to the CONIX sales team.

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Payment Solutions Provider CONIX Systems, Inc. Marks 20th Anniversary Serving Financial Institutions and Processors

MANCHESTER, Vt., March 8, 2012 (SEND2PRESS NEWSWIRE) — CONIX Systems, Inc. (CONIX), a leading international provider of payment processing solutions to the financial services industry, is proud to announce that it has served financial institutions and processors since 1992. For two decades, CONIX has pioneered payment processing products that reduce system maintenance costs and improve operating reliability.

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CONIX Fraud Detective Replaces Legacy Fraud Systems, Enables Cross-Channel Review of Payments, Advances Financial Institutions’ Detection Strategies

MANCHESTER, Vt., Feb. 27, 2012 (SEND2PRESS NEWSWIRE) — In response to increasing payment fraud risk, CONIX Systems, Inc. (CONIX) is introducing its enhanced Fraud Detective(R) enterprise solution to financial institutions and their payment processors at the 2012 BAI Payments Connect conference, March 12 – 14 (Booth #508). Effective both against current and emerging payment fraud schemes, Fraud Detective either replaces or supplements financial institutions’ legacy fraud tools.

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CONIX Brings National Duplicate Detection and Fraud Detection Database to the Payments Industry, Will Unveil at 2012 BAI Payments Connect

MANCHESTER, Vt., Feb. 22, 2012 (SEND2PRESS NEWSWIRE) — With FFIEC compliance in force, operating efficiency paramount, and fraud evolving rapidly, CONIX Systems, Inc. (CONIX) has enabled financial institutions and payment processors to aggregate payment anomalies in a shared SaaS database. Creating a shared national duplicate and fraud detection database is imperative in meeting the challenges of today’s increasing payment alternatives.

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Trustmark National Bank Goes Into Production with CONIX Systems’ Dupe Detective

MANCHESTER, Vt., Nov. 4, 2011 (SEND2PRESS NEWSWIRE) — CONIX Systems, Inc. (CONIX), a leading international provider of payment processing solutions to the financial services industry, and Trustmark National Bank (Trustmark) have completed the bank’s implementation of Dupe Detective(TM), the payments industry’s leading Day 1, multi-channel duplicate payment product.

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White Paper Discusses Automated Filtering of ‘False Positive’ Duplicate Payment Suspects and Using X9 Addendum Records for Identification of Represented Return Items

MANCHESTER, Vt. (SEND2PRESS NEWSWIRE) — CONIX Systems, Inc. (CONIX), has created a white paper to educate banks and payment processors about how to safeguard themselves and their customers using a duplicate payment detection strategy that eliminates ‘false positives.’ Most false positives result from duplicate payment detection protocols that mistake return item representments for duplicate payments.

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False Suspects ‘Bite the Dust’ as CONIX’s X9 Inspector Tracks and Filters Re-presentments, Advancing Payments Processing Productivity

MANCHESTER, Vt. (SEND2PRESS NEWSWIRE) — CONIX Systems, Inc., (CONIX) announces the availability of its Dupe Detective X9 Inspector feature, providing banks and payments processing providers a proven duplicate detection solution that eliminates the most common source of false suspects. X9 Inspector enables payments processing operations to minimize the number of payments falsely identified as duplicate suspects.

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Trustmark National Bank Selects CONIX Systems’ Dupe Detective

MANCHESTER, Vt. (SEND2PRESS NEWSWIRE) — CONIX Systems, Inc. (CONIX), a leading international provider of payment processing solutions to the financial services industry, has signed Trustmark National Bank (Trustmark) for Dupe Detective™, the payments industry’s leading Day 1, multi-channel duplicate payment product. Dupe Detective enables institutions and processors to resolve duplicate payments prior to posting.

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Debit Transactions, Mobile Payments and Branch Item Capture to Drive 2011 Bank Technology Investments, says CONIX Systems, Inc.

MANCHESTER, Vt. (SEND2PRESS NEWSWIRE) — After hunkering down throughout 2010 recovering from a sobering 2009, banks will resume technology investments in 2011, in part with an eye toward meeting new demands on their payments operations, according to CONIX Systems, Inc.

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Symcor Inc. Selects CONIX Systems’ Enterprise IRD System to Print Image Replacement Documents (IRDs)

MANCHESTER, Vt. (SEND2PRESS NEWSWIRE) — CONIX Systems Inc., a leading international provider of payment processing solutions to the financial services industry, was selected by Symcor Inc., a leading North American financial processing company, to provide its Enterprise IRD (EIRD) solution – a system designed to print IRD documents from X9.37 files.

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Improper Payments Reduction Plan Makes Sense to CONIX Systems Technology President Frank Stokes, Should Be Applied to Financial Industry

MANCHESTER, Vt. (SEND2PRESS NEWSWIRE) — Franks Stokes, president of technology for CONIX Systems, Inc., a leading international provider of payment processing solutions to the financial services industry and pioneer in the acceleration of exception processing, agrees with the Obama Administration that reducing systemic drains on the Federal budget by better policing benefits and other types of payments to eliminate ‘improper payments’ will be a productive government debt reduction strategy.

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Xcept Steering Committee for Accelerating Exception Processing Adds Five Bank Members

MANCHESTER, Vt. (SEND2PRESS NEWSWIRE) — The Xcept Steering Committee, organized in the first quarter of 2010 by CONIX Systems, Inc., a leading international provider of payment processing solutions to the financial services industry and a pioneer in the creation of post-Check 21 exception management tools, has added five members representing the Bank of Oklahoma, Bank of the West, Marshall and Isley, and BB&T.

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