payment processing software News

News items related to payment processing software as issued by the Send2Press Newswire service on behalf of the noted news source.

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

MANCHESTER, Vt., Feb. 28, 2013 (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.

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.