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National Bank of Canada Licenses Computrol's Premier Check Kiting Detection System
St. Louis, MO. - October 31, 2000 -- Computrol, Inc. today announced that the National Bank of Canada has licensed Computrol's premier Kiting Detection System (KDS) software. National Bank of Canada, with over $70 billion of assets, is one of the six largest banks in Canada. The National Bank is now the fifth major Canadian bank that uses Computrol's check fraud detection systems. The KDS system analyzes customers' checking account activity to identify potential check kiting schemes. "Kiting is the most common form of check fraud," said Bonnie Williams, Computrol's product manager for the Kiting Detection System. "Kiting involves a depositor with accounts in two or more banks. Check kiting takes advantage of the time required for checks to clear to obtain unauthorized credit. The resulting losses have cost individual banks thousands or even millions of dollars on individual schemes." "KDS gives National Bank of Canada a sophisticated tool to better identify possible kiting schemes. And KDS has been proven in hundreds of financial institutions," said Mike Allen, president of Computrol. "KDS will alert the bank to accounts having certain activity patterns that are not apparent from reports obtained from most checking account processing systems. And because KDS is parameter-based, the bank will be able to fine tune the software to fit their particular business circumstances." "We are very pleased to have National Bank as a customer and we expect that the bank will obtain immediate benefits from the software," said Williams. "Based on the experience of other users, we expect that the bank should be able to recoup its investment in the software in less than one year by reducing kiting losses." "With the addition of National Bank of Canada, we have now added four major Canadian banks to our extensive list of U.S.-based users of our kiting detection software in just the last twelve months," Williams added. "We are pleased by the increased usage of our software among larger banks. We are also very encouraged by the acceptance of our new PC-based Kiting Management System (KMS) software that can be used both as a standalone product by smaller banks or as a companion product to KDS. KMS allows faster recognition of kiting suspects and improves account investigation by providing an arsenal of inquiry, analysis and reporting capabilities. With KMS you can access checking account data (including transactions and deposit items), customize test criteria, stratify accounts for reviewers, analyze activity patterns, automate follow-up procedures and develop complementary management reports." Computrol's KDS software processes on an IBM S/390 enterprise server or other mainframe platforms. Computrol's KMS processes on a PC and provides a PC-based DB2 database for analyzing kiting suspects and their respective account data. National Bank of Canada, founded in 1859, is an integrated financial group providing financial services to consumers, small and medium-sized enterprises and large corporations in its core market, while offering specialized services to its clients elsewhere in the world. Its assets now exceed $70 billion and, together with its subsidiaries, it employs over 17,000 people. About Computrol Computrol, Inc. is a software development and services company headquartered in St. Louis, Missouri. Founded in 1975, Computrol has designed, developed and installed major business applications for many of the top Fortune 500 companies.
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