COCC Consolidates Anti-Fraud, Security Services

AVON, Conn. – COCC has combined its anti-fraud and security software and services into a solution the core processor calls Sentry Services. Using internal and external resources, the fraud protection suite will focus on three areas – assessment, prevention and education – to help the company’s 140 clients, about 40 of them credit unions, avoid creating “new information silos” that can isolate potentially vulnerable areas from the attention they need, the client-owned company says. “With fraud solutions proliferating throughout the industry, we believe that financial institutions will benefit most from a holistic anti-fraud solution suite that optimizes efficiency and effectiveness,” said Wendy DeMore, first vice president of product management at COCC (www.cocc.com.) Packaging the growing number of anti-fraud and security solutions – from anti-money laundering screens to Internet intrusion detection – this way also will help COCC focus its continuing efforts, DeMore says. Approximately 18% of COCC’s research and development budget has been allocated to Sentry Services.