Triversity

June 27, 2005 08:01 ET

Triversity Announces the First Loss Prevention Software Solution That Meets Payment Card Industry Data Security Standards

TORONTO--(CCNMatthews - Jun 27, 2005) -

Triversity Inc.

-- FraudWatch 3.0 is the Leader in Protecting Cardholder Information With Features Such as Full Encryption, Advanced Password Management and Roles-Based Security

Triversity Inc., the fastest growing international provider of customer-centric retail solutions, today announced the release of FraudWatch™ 3.0, the first loss prevention software solution that meets the requirements of the Payment Card Industry (PCI) standards for protecting cardholder data. Triversity will demonstrate FraudWatch 3.0 in booth #301 at the National Retail Federation's Loss Prevention Conference and Exhibition, June 27-29 at the San Diego Convention Center.

"Continuing thefts of credit card data underscore the need for retailers to protect consumer information and to ensure that they have the right technology and procedures in place for PCI compliance," said David Thomas, president, Triversity Inc. "Retailers who implement loss prevention solutions should be certain that the software meets PCI standards -- and with FraudWatch 3.0, they can be sure."

FraudWatch 3.0 includes full encryption of credit/debit card information, as well as other new software features such as audit trails when data is accessed, advanced password management, masking of sensitive data when displayed, and restriction of information on a need-to-know basis. These security features, when combined with the practices and procedures of the PCI standards, can help retailers achieve PCI compliance.

In addition to enhanced security, FraudWatch 3.0 includes a number of additional new features, including automatic report scheduling; user-defined report formatting; the ability to support multiple languages at the same location; loyalty and gift card support; and the capability for integration with case management and workflow systems.

FraudWatch is the retail industry's most powerful, flexible and easy-to-use solution for detecting fraud and policy violations. Designed by loss prevention professionals, FraudWatch is a Web-based system that can be easily accessed from any location via a Web browser, dramatically reducing the cost to deploy and administer the system. FraudWatch offers the fastest time-to-benefit of any loss prevention solution. It can be implemented inside a retailer's data center, or Triversity can securely host the application. Either way, FraudWatch can be implemented in as little as six weeks, giving organizations a rapid return on investment while saving time and resources.

About Triversity Inc.

Triversity (www.triversity.com) is the fastest growing international provider of customer-centric retail solutions. Triversity's suite of "sell-side" software solutions, called Customer-Centric Solutions for Retail, enables retailers to deliver a best-in-class customer experience across all channels, while helping them to optimize their operating efficiencies and increase profitability. Retailers around the world have built their businesses around Triversity's market-leading solutions, which include POS Solutions, Store Solutions, Centralized Transaction Services, Business Decision Support Solutions and Retail Support Services. In order to deliver complete sell-side solutions and services, Triversity extends its offerings through partnerships with the industry's leading technology vendors. Triversity's retail solutions are installed in hundreds of retailers in more than 30 countries, processing billions of transactions a year. Triversity's corporate headquarters is located in Toronto, with U.S. headquarters near Philadelphia.

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