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First Ondemand works with international standards agencies and Government organisations to provide interoperable secure on demand instant authentication for the protection of global trade, transactions and currency.
Cheque/Check Authentication
First Ondemand offers innovative highly-secure practical solutions for cheque clearance and authentication, to counteract counterfeit, theft and fraud. First Ondemand solutions decrease back-office costs and increase clearance capabilities.
First Ondemand makes transactions more secure, comprehensive and accountable, to increase compliance control and enable increased counter-fraud security measures to work alongside Check Truncation.
Securing investment documents and certificates
First Ondemand seamlessly links paper documents into a network of multi-layered security protocols to ensure that individual hard copy documents are genuine and traceable, and enable advanced trusted reliable identity authentication, in a fraction of a second.
Investment Banking
Compliance Legislation. First Ondemand increase compliance control and management, through comprehensive and automated audit and identity controls.
Incorporate SolutionsIn Financial Services
- Identity verification
- Asset tracking
- Voucher processing
- Check processing
- Demand draft processing
- Regulation E (Electronic Funds Transfer)
- Document processing and tracking, e.g. letters of credit
- The Authentisec™ Value Based Token as an electronic wallet
- Alternative to store, merchant and mall cards
- Alternative to cash, college, gift and other cards
Pain Points - Banking
- Check fraud
- More than 500 million checks forged annually
- US banks and retailers lose billions of dollars
- More than 500,000 fraud cases against commercial banks
- FBI will not investigate cases in which loss is less than $50,000
- Identity management
- Check Truncation compliance
- IRD (Image Replacement Document) printing
- In-check processing costs
- Risk management
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