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MEDIA RELEASE
FOR IMMEDIATE RELEASE
inFORM Decisions enhances its iSeries Positive Pay,
Check Fraud Prevention Software to V. 4.0
Irvine, CA, February 11, 2003: inFORM Decisions Inc. enhances its iSeries
Positive
Pay module, an important security component to their secure eBanking solutions
suite for iSeries-AS/400 computers.
iSeries Positive Pay, now in V.4, seamlessly integrates with any
iSeries-AS/400-based
check writing application. iSeries Positive Pay transmits data on payments
directly
to a designated bank, which verifies payment and reduces check fraud.
In addition, iSeries Positive Pay now transmits multiple accounts to a bank?s
computer with "account stacking". The product transmits check data on
several
different accounts in a single bank transmission, thus eliminating the need to
reconnect for each different account, bank transaction fees are reduced and the
upload process is faster and easier to manage.
iSeries Positive Pay V.4 now also supports FTP by means of a secured server.
Although bisynchronous communications has been the standard for data
transmissions
of this type, bisync is limiting. Recently, banking institutions have begun
accepting transmissions via FTP over an asynchronous line, which is far more
common in other types of data transfer scenarios. Using FTP frees up the
iSeries-AS/400s
ECS line, requires less expensive data communications hardware and gives
companies
more flexibility in how they manage the link to their bank.
iSeries Positive Pay is eBanking software that enables companies to transmit
check processing information directly from iSeries-AS/400 based applications
to standard bank interfaces with a high level of security and reliability.
This significantly reduces the likelihood that a company will fall prey to check
fraud because it facilitates a one-to-one correlation between checks cut by a
company and checks cleared at the bank.
According to a top US accounting firm, 500 million checks are forged annually
with losses totaling more than $10 billion. Losses to check fraud are expected
to grow by 2.5% annually. The law generally allows merchants and banks to seek
restitution from the payee, so its important to do everything you can to limit
your exposure and liability. That?s what iSeries Positive Pay R.4 does. If a
bank or merchant?s own failures contributed to a forged signature or alteration
then responsibility lies with them."
iSeries Positive Pay can be licensed for any iSeries-AS/400 model/processor
configuration,
which includes assistance with configuration and testing. inFORM Decisions
offers
evaluation copies of iSeries Positive Pay free of charge. Software and
documentation
can be downloaded from www.informdecisions.com. For an evaluation copy on CD
call inFORM Decisions at (800) 858-5544 or forward your request via email to
inFORM Decisions at sales@informdecisions.com
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About inFORM Decisions, Inc.
inFORM Decisions develops leading edge automated and secure electronic check,
epayment and form systems for iSeries-AS/400 and NT Client-Server environments.
These solutions integrate seamlessly with existing applications and
dramatically
reduce material and labor costs for their clients worldwide. inFORM Decisions
develops their products with modularity in mind and delivers systems that are
tailored to a client?s needs.
For Details, Contact:
inFORM Decisions, Inc.
5540 Rockfield Blvd, Suite A
Irvine, California 92618
(800) 858-5544 Toll Free
(949) 609-4580 Phone
(949) 609 4581 Fax
www.informdecisions.com
info@informdecisions.com
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