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Harland Clarke partners with Memento
SAN ANTONIO (5/19/11)--Harland Clarke Corp., a payments provider, has partnered with Memento Inc. to offer Harland’s nearly 11,000 financial institution clients Memento’s enterprise fraud and compliance solutions. Memento’s proprietary software helps banks fight fraud related to checks, deposits, automated clearing house and internal issues. In 2008, financial institutions experienced more than $1 billion in losses due to check, deposit and kiting fraud, according to the American Bankers Association’s 2009 Deposit Account Fraud Study Report. In the same year, insider fraud accounted for about 60% of bank fraud cases where a data breach or theft of funds occurred, according to estimates by financial services research and consulting firm Celent. “Harland Clarke’s goal is to continually help our financial institution clients achieve greater success by addressing their needs,” said Dan Singleton, Harland Clarke, president/CEO. “As these needs evolve, so do the solutions we offer. “Memento has proven itself in providing the next-generation technology required to effectively combat fraud and compliance issues faced by banks and credit unions. Its solutions are recognized as offering exceptional accuracy, rapid return on investment and unmatched business value.”


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