GIFTS Software

GIFTS Software, Inc. provides anti-money laundering, office of foreign asset and control (OFAC) compliance, integrated funds transfer, investigation and compensation, Web-based cash management, e-banking, and customer relationship management solutions worldwide. It offers GIFTSWEB EDD Anti-Money Laundering and OFAC Solution, a browser-based enhanced due diligence (EDD) software with modules, such as Subpoena/Inquiry Module to perform online inquiries against a database of transactions to respond to regulatory subpoenas; and Profiler Module to perform ad-hoc queries, as well as create detection scenarios that are scheduled to run on a daily, weekly, monthly, or quarterly basis to identify unusual or suspicious transactional activity or customer/accounts. The company’s GIFTSWEB EDD module also include Patterning Module to develop historical transaction patterns for customer accounts or globally to compare these historical customer account patterns on period to period basis reporting unusual variances; OFAC/Sanction List to perform automated filtering of transactional and customer data information via real time or file based interface; and CIP to scan new accounts real-time against various sanction lists. In addition, GIFTS Software, Inc. offers eGIFTS, a global integrated funds transfer and telecommunications system for the integration of Fedwire, CHIPS, ACH, official check, book transfer payments, and SWIFT; and GIFTSWEB, an electronic banking system to provide secure Internet/Intranet Web-based cash management functionality to head offices, correspondents, affiliates, corporations, and private customers. Further, it provides GIFTS ICSWEB, an investigation and compensation system for the Web to provide a functionality for the processing of investigation inquiries. The company was founded in 1995 and is based in New York, New York. As of February 7, 2011, GIFTS Software, Inc. operates as a subsidiary of Fidelity National Information Services, Inc.