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Equicom Savings Bank chooses FSS Secure3D for online fraud detection

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FSS (Financial Software and Systems), one of the world’s leading providers of integrated payment products and a payment processor has partnered with Equicom Savings Bank (EqB) – one of the Philippines’ leading banks to fight fraud online and stimulate the growth of e-commerce.

As part of this partnership, FSS will provide Secure3D, a smart payment authentication solution, to create a more secure and transparent way for consumers to transact in the digital economy. The Philippines is one of the fastest growing e-commerce markets in Southeast Asia, with transactions expected to grow from US $ 4 billion in 2020 to US $ 15 billion in 2025.

With increasing adoption, fraudulent attack vectors have become increasingly sophisticated and costs are increasing, accounting for 2.03% of overall annual revenue. FSS Secure3D, modeled on EMVCo 3.2 guidelines, will help Equicom verify customer identity and report fraudulent transactions before a payment transaction is authorized.

Speaking on the collaboration, EqB Vice President and Head of Consumer and Small Business Lending Division Roussel E. Larger noted; “Fraud is an ever-evolving problem, so we need to make sure our prevention technology evolves even better to maximize protection. Our partnership with FSS allows us to leverage their experience and technology to mitigate fraud threats and create the low friction, trust experiences customers have come to expect, providing both protection and opportunities to increase. sales and income.

For his part, Krishnan Srinivasan, COO of FSS PayTech, said, “The payments market is fiercely competitive, so it is of paramount importance for financial institutions to put in place smart anti-fraud measures in order to reduce the costs of fraud. Our globally proven Secure3D provides a solid technological foundation to stay ahead of fraud and aligns with core operational and risk strategies, enabling Equicom to detect fraud without compromising client experience.

Modeled on EMVCo 3DS 3.2 guidelines, FSS Secure3D leverages rich data streams exchanged between merchants and issuers to continuously learn customer transactional DNA and assess risk based on a combination of customer-related attributes. location, merchant, transaction, and device.

This technology allows high-risk transactions to be systematically isolated while reducing the need to interrupt the consumer’s purchase. For high-risk transactions, FSS Secure3D dynamically provides additional verification checks such as biometric identification or a one-time access code. FSS offers authentication as a service on FSSNeT, where FSS takes responsibility for implementation, integration, certification, testing and technical operations. This practice alleviates the costs as well as the burden of regulatory compliance. Tested to process 8,000 transactions per second, FSS Secure3D ensures faster processing time and higher sales conversion. FSS Secure3D is certified by EMVCo and key card systems like Visa, MasterCard and Amex.


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Franklin Savings Bank awards $ 40,000 in grants to 9 organizations

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12 October 2021

Nine organizations received a grant from the FSB Fund for Community Advancement, the philanthropic arm of Franklin Savings Bank. This round of funding represents the 44th round of grants totaling $ 40,000 in scholarships. This year’s recipients include Belknap House (Laconia), $ 6,600; Bolduc Park (Gilford), $ 2,500; Franklin Congregational Christian Church, $ 5,000; Hero Pups (Stratham), $ 5,000; Community promoters of the Lakes region (Laconia), $ 3,500; Community Services of the Lakes Region (Laconia), $ 5,000; Peabody House (Franklin), $ 7,500; Raven Gael Blaisdell Foundation at Hall Memorial Library (Northfield and Tilton), $ 2,500; and UpReach Therapeutic Equestrian Center (Goffstown), $ 2,500.

Ron Magoon, President and CEO, said, “Supporting our communities is at the heart of our identity as a community bank. As we continue to go through this unprecedented time, the need still exists and we are doing our part to ensure that these local organizations are able to continue to fulfill their mission of helping others. This year, we received an impressive number of 57 applications, exceeding the maximum we have seen since the creation of our Fund.

The recipients will be celebrated at a reception on Wednesday October 6, 2021 at 5:00 p.m. at the Mojalaki Country Club in Franklin, NH.

The FSB Fund for Community Advancement was established in 1997 with an investment of $ 1,000,000 to support projects that will improve the lives of individuals in the communities served by Franklin Savings Bank. To date, the Fund has awarded 234 grants totaling $ 1,069,808 to support a wide range of community activities. Areas of support include economic development, affordable housing, education, health care, social services, environmental needs, arts and humanities, social services, as well as programs or services that meet needs. needs of children, adolescents and single-parent families. For more information, visit www.fsbnh.bank and click on Community.

Founded in 1869, Franklin Savings Bank is an independent, jointly owned community bank providing a full range of business loan, personal banking and investment services in the Central Lakes Region and southern New Hampshire. Based in Franklin, the Bank has offices in Bristol, Boscawen, Tilton, Gilford, Merrimack and Goffstown, as well as an office in Bedford for business loans. The Bank also provides investment, insurance and financial planning services through its wholly owned subsidiary, Independence Financial Advisors. As a recognized leader in providing the latest technology in financial services, Franklin Savings Bank remains committed to meeting the needs of the businesses, families and communities it serves, through a team of dedicated employees, a diverse range of financial products and services, and continuous investment in emerging technologies.

Since 2009, Franklin Savings Bank has donated over 11% of its net income to charity. Visit www.fsbnh.bank to find out more or follow the bank on Facebook, LinkedIn, Twitter and YouTube.


This press release was produced by the FSB. The opinions expressed here are those of the author.



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Franklin Savings Bank awards $ 40,000 in grants to nine organizations | Local

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FRANKLIN – Nine organizations received a grant from the FSB Fund for Community Advancement, the philanthropic arm of Franklin Savings Bank. This round of funding represents the 44th round of grants totaling $ 40,000 in scholarships.

This year’s recipients include Belknap House (Laconia), $ 6,600; Bolduc Park (Gilford), $ 2,500; Franklin Congregational Christian Church, $ 5,000; Hero Pups (Stratham), $ 5,000; Community promoters of the Lakes region (Laconia), $ 3,500; Community Services of the Lakes Region (Laconia), $ 5,000; Peabody House (Franklin), $ 7,500; Raven Gael Blaisdell Foundation at Hall Memorial Library (Northfield and Tilton), $ 2,500; and UpReach Therapeutic Equestrian Center (Goffstown), $ 2,500.

Ron Magoon, President and CEO, said, “Supporting our communities is at the heart of our identity as a community bank. As we continue to navigate these unprecedented times, the need still exists and we are doing our part to ensure that these local organizations are able to continue to fulfill their mission of helping others. This year, we received an impressive number of 57 applications, exceeding the maximum we have seen since the creation of our Fund. “

The recipients will be celebrated at a reception on Wednesday, October 6, 2021 at 5 p.m. at the Mojalaki Country Club in Franklin.

For more information, visit www.fsbnh.bank and click on Community.


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Spencer Savings Bank Donates $ 75,000 to American Red Cross NJ for Hurricane Ida Relief Efforts

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Elmwood Park, NJ, October 9, 2021 – (PR.com) – Spencer Savings Bank, a leading New Jersey-based community bank, donates $ 75,000 to the American Red Cross NJ to support Hurricane Ida relief efforts.

“Hurricane Ida had a devastating impact on many communities in New Jersey,” said Jose B. Guerrero, President and CEO of Spencer. “We are proud to help support our local community as it continues to recover from this devastating storm. We hope this donation will help bring some relief to families and communities that have been hit hard across the state. “

In the month following Hurricane Ida, the Red Cross and its partners worked tirelessly to assist those affected by the storm. In New Jersey, more than 335 Red Cross volunteers worked tirelessly to help families affected by the devastating floods caused by Ida.

“Thanks to the generosity of Spencer Savings Bank, the Red Cross is able to provide care to New Jersey residents whose homes have been severely affected by Ida,” said Rosie Taravella, Regional CEO, American Red Cross. New Jersey. “Donors who have offered their support throughout this emergency are helping families affected by Hurricane Ida recover. “

Since September 1 in New Jersey, the Red Cross has provided more than 2,070 overnight stays in shelters and served nearly 20,670 meals and snacks; distributed over 11,620 cleaning kits and 12,069 other relief supplies such as comfort kits, rakes, tarps and more; provided health or emotional support to over 2,124 people; and provided 4,355 people from 1,502 families with disaster recovery support through social assistance.

If you would like to help out and donate to the American Red Cross in New Jersey, please visit their website at redcross.org/NJ.

About the American Red Cross in New Jersey:
The American Red Cross provides programs and services to a population of 8.8 million people in New Jersey. The Red Cross trains and mobilizes more than 4,400 volunteers who support service delivery across the state. In New Jersey last year, the Red Cross responded to 848 local disasters, mostly house fires, helping 2,004 displaced families; collected over 90,923 units of blood through Red Cross blood drives and blood donation centers; provided emergency messages to over 6,898 military family services, helping families find help and / or get advice and referrals; and trained 72,073 people with life skills in preparation, CPR, AED use, first aid and water sports. For more information, please visit redcross.org/NJ.

About Spencer Savings Bank:
Spencer Savings Bank, a leading New Jersey-based community bank headquartered in Elmwood Park, New Jersey, has served its local communities with integrity and pride for over 100 years. The bank has total assets of over $ 3 billion and operates 20 financial centers across New Jersey. Spencer specializes in providing premier banking products and services for consumers and businesses. Visit SpencerSavings.com for more information.

For more information, contact:
Anita Guerrero (SSB): 201-703-3800 x 8421
Vice-president, director of corporate communications


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