NICE Actimize wins prepaid credit card co deal

Green Dot has more than 3.3 million active cards.

NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) financial crime prevention system developer NICE Actimize said today that it will provide risk management solutions to prepaid financial services company Green Dot Corporation.

Green Dot is a provider of general purpose reloadable prepaid cards, with more than 3.3 million active cards as of September 30. NICE Actimize will provide its Card Fraud, AML Suspicious Activity Monitoring, Know Your Customer/Customer Due Diligence and Enterprise Risk Case Manager solutions to detect and prevent fraud and money laundering activity, as well as manage related investigations and regulatory reporting requirements.

Green Dot chief risk office John Morton said, “The prepaid card space is rapidly expanding, and we want to remain at the forefront of the industry by leveraging compliance and risk management technology that provides the breadth and flexibility required for growth as our organization and industry evolve."

Published by Globes [online], Israel business news - www.globes-online.com - on January 5, 2011

© Copyright of Globes Publisher Itonut (1983) Ltd. 2011

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