Magazine article American Banker

New-Generation Monitor Sounds Alarm for Branches

Magazine article American Banker

New-Generation Monitor Sounds Alarm for Branches

Article excerpt

Mosler Inc., a developer of electronic security products, has introduced advanced monitoring software designed to serve banks with large branch networks.

The new software, called Flexcom II, is the latest offering from Hamilton, Ohio-based Mosler, which was been in the bank security business for more than 125 years.

First known for its relatively low-tech products - sturdy cash vaults - and as the manufacturer of the first pneumatic system for drive-up teller windows, Mosler also specializes in computerized monitoring systems that are in use at over 200 financial institutions across the country.

Site Monitoring Expanded

The Flexcom II software incorporates a new data access method that enhances the capabilities of existing Mosler security monitoring devices, company officials said.

According to Tom Cook, a product marketing manager at Mosler, the Flexcom II system was recently purchased by Fleet/ Norstar Financial Group Inc. in Providence, R.I., Shawmut Bank in Boston; and Central Fidelity Bank in Richmond, Va.

The key advantage to Flexcom II is that it increases the number of sites the system can monitor to over 4,000 from 512. Each site can be designated as a small branch or a large office building.

Linkage for Merger Partners

At those sites, the system can handle over 500,000 total individual "input points," or the various doors, safes, fire alarms, and automated teller machines that banks need to monitor.

Mr. Cook said that this increased capability is of particular importance to newly merged banks that need to link the various security systems found in their branches. …

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