Early Warning, a leader in fraud prevention and risk management, has
selected the Authentic software solution from NCR Corporation (NYSE:
NCR) to build a bank-to-bank good funds network supporting faster
availability of funds.
Authentic enables payment authorization and transaction routing. Major
banks, processors and merchant acquirers around the world rely on
Authentic’s unparalleled flexibility to support any transaction type
from any device, source or system. Authentic will be integrated with
Early Warning’s core payments products and services.
Early Warning’s good funds network will facilitate communication among
financial institutions, giving a participating depositing bank a
real-time guarantee for check and ACH transactions and will support both
credit push and debit models. As a result, customers will receive faster
availability of funds on deposited items and instant notification of
items presented for deposit – all based on real-time activity.
Lou Anne Alexander, chief market development officer of payment
solutions, Early Warning, said, “Financial institutions are responding
to customer demands for faster availability of funds as well as better
real-time information on their available balances. Early Warning is
intently focused on ensuring these transactions are just as safe as they
are fast. The combination of our tools, the resources provided by the
paying bank and NCR’s capabilities produce a dynamic decisioning
capability that mirrors the sophistication that a paying bank would rely
on if the item was presented at its own institution. Integrating the
good funds network into our core product offerings is our response to
the desired outcomes of leading financial institutions and regulatory
guidance for fast, secure transactions.”
“NCR has a deep commitment to innovation and software growth. By
combining our Authentic software with Early Warning’s solutions, we will
deliver innovative services to the banking and payments industry,” said
Steve Nogalo, vice president and general manager of Payments Solutions,
NCR. “Together, we will drive value for our financial services customers
and enable consumers to enjoy safe, secure, and fast transactions across
every touch point for their banking or purchases.”
Early Warning’s enhanced service will improve both the depositing
and paying financial institutions’ ability to meet customer demands for
funds availability across all channels. It will also satisfy heightened
regulatory expectations to accelerate the availability of information
related to items presented for a safer, faster financial system.
About Early Warning
Early Warning provides risk management solutions to a diverse network of
1100 financial institutions, government entities and payment companies,
enabling businesses and consumers to transact securely and conveniently.
Owned and governed by five of U.S.’ largest banks, Early Warning’s
unique business model facilitates a data exchange system based on
collaborative, shared intelligence. For more than 20 years, the company
has worked with organizations of all sizes to advance collaborative risk
management and fraud prevention. For more information please visit www.earlywarning.com.
About NCR Corporation
NCR Corporation (NYSE: NCR) is the global leader in consumer transaction
technologies, turning everyday interactions with businesses into
exceptional experiences. With its software, hardware, and portfolio of
services, NCR enables more than 550 million transactions daily across
retail, financial, travel, hospitality, telecom and technology, and
small business. NCR solutions run the everyday transactions that make
your life easier.
NCR is headquartered in Duluth, Georgia with over 30,000 employees and
does business in 180 countries. NCR is a trademark of NCR Corporation in
the United States and other countries.
Web sites: www.ncr.com,
www.ncrsilver.com
Twitter: @NCRCorporation
Facebook: www.facebook.com/ncrcorp
LinkedIn: www.linkedin.com/company/ncr-corporation
YouTube: www.youtube.com/user/ncrcorporation
Copyright Business Wire 2015