June 25 - CTS North America, a market leader in branch automation solutions for the financial services industry, has announced that sales of its LS150 Ultraviolet scanner exceeded 10,000 units earlier this year, reinforcing the company’s position as a global provider of secure branch automation technology.
For financial institutions, increasing check fraud, counterfeit and tampering issues are costly and compromise financial data integrity. In certain markets like India, for example, financial institutions face some of the most complex check fraud concerns in the world, increasing the need for an effective solution. As a result, several of India’s largest financial institutions depend on CTS’ LS150 UV to guarantee strong lighting power, a sharper signal and more uniform images to increase fraud detection, reduce costs and optimize personnel.
“The ability to develop, deliver and implement specialized scanning technology for major markets affirms CTS’ position as a leading provider of the most sophisticated branch automation solutions that support the full range of processing needs for financial institutions globally,” said Glen Fossella, chief operating officer of CTS North America. “In addition to proof of scale, this milestone accurately reflects our efforts to pioneer the next generation of innovation through unrivaled technological expertise.”
CTS’ wide range of scanners provides unrivaled durability and advanced image processing features for improved quality and compression. From a reduced footprint at the retail level through compact technology to a streamlined back-office with high-volume check processing capabilities, CTS products are engineered to add efficiency across the entire organization.
About CTS North America
CTS North America is a market leader in providing branch automation technology to the financial services industry. Its parent company, CTS Electronics, is a global provider of automated systems for payments, document processing, cash recycling and deposits. CTS has more than one million peripherals installed across five continents, including more than 500,000 document readers and check scanners worldwide. Additional information is available online at www.ctsna.com.