Alaric to Provide Antifraud Solution to Banks in the Philippines

Dec. 17, 2012

New York City-based fraud prevention and payment systems provider Alaric signed a partnership agreement with Channel Group of the Philippines. Under the agreement, Channel Group will resell Alaric’s fraud prevention system to Philippine banks.

“The time is right to introduce this new generation of switching and fraud detection products to the market here,” said Wally Sandoval, managing director of Channel Group. “This doesn’t just give the Philippines a chance to move away from aging legacy systems but rather to leap forward technologically, by offering standards-based solutions with an extremely modern feature set.”