RemitStream Solutions Unit of Fiserv Chooses Covelight Systems to Secure LockboxOperations
Covelight Percept Privacy Protection and Fraud Management System Detects Policy Violations, Protects Confidential Data and Ensures Regulatory Compliance
CARY, NC, September 22, 2005 â€” Covelight Systems, an innovator of solutions for privacy protection and fraud management, today announced that RemitStream Solutions, a receivables management unit of Fiserv, Inc. (Nasdaq:FISV), has selected the Covelight Percept Privacy Protection and Fraud Management System to secure its lockbox services used for more than 40 banks.
RemitStream Solutions has offered outsourced lockbox products and services, including image capture and Internet image viewing, since July 2001 to financial institutions ranging from $100 million to $436 billion in assets.
Covelight Percept Privacy Protection and Fraud Management System will provide RemitStream continuous user auditing that is not only critical for information security, but also for compliance. In addition, the system will provide forensic data for incident investigation.
For additional information about RemitStreamâ€™s products and services, visit: www.remitstream.com For additional information about Covelightâ€™s products and services, visit: www.covelight.com.