FDMS Blue
First Data Merchant Services, and ConSyGen, Inc., a high technology software development company, have entered into an agreement where clients of First Data Merchant Services will sell ConSyGen's Counterfeit Cop product to merchants in a proactive effort to stop fraud.
The Counterfeit Cop is a small footprint device which uses both UV light and incandescent light to detect counterfeit currency in credit cards and the security features of travelers checks, drivers licenses, personal checks, U.S. government checks, casino chips, event tickets and many forms of identification, including passports. The Counterfeit Cop examines the content of the paper, the polymer threads and hidden watermarks (in new currency). It also detects imbedded holograms on credit cards and the security features of traveler's checks, drivers licenses, personal checks, U.S. government checks, casino chips, event tickets and many forms of identification.
Under the terms of the agreement, the Counterfeit Cop will be made available to merchants through FDMS' clients including, Chase Merchant Services, L.L.C., Huntington Merchant Services, PNC and Unified Merchant Services, as a way to combat currency fraud for merchants.
"First Data Merchant Services recognizes that counterfeit crime is a significant problem for merchants and how accepting only a small amount of counterfeit currency can greatly impact the bottom line," said Steve VanFleet, senior vice president, First Data Merchant Services product development.
Michael Garza, managing director of business products, ConSyGen, Inc., said, "We are confident that no other counterfeit detection device on the market has the ability to detect the wide variety of items that the Counterfeit Cop can detect. Through the use of the Counterfeit Cop, First Data Merchant Services' merchants will see a marked difference in the amount of counterfeit currency accepted."
First Data Corp., serves more than two million merchant locations, 1,400 card issuers and millions of consumers,. The company provides credit, debit and stored-value card issuing and merchant transaction processing services; Internet commerce solutions; Western Union money transfers and money orders; and check processing and verification services throughout the United States, United Kingdom, Australia, Mexico, Spain and Germany. For more information, visit www.firstdata.com.
ConSyGen was established in 1996 as a high technology software development and R&D company. The company has focused its business on providing innovative and superior commerce solutions worldwide. For more information, visit www.counterfeitcop.com or www.consygen.com.
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