Parascript Expands International Check Recognition and Verification to Indian Check Processing Markets
- Parascript CheckPlus International enables efficient processing of Indian banking and financial documents -
BOULDER, Colo., Jan. 28 / / -- Parascript, LLC, the image analysis and pattern recognition technology provider, today announced the latest version of CheckPlus International. This latest release of its universal check recognition and verification solution is now available for deployment for payment processors in India. CheckPlus International, also being used in France, Italy, Portugal, and other markets, offers an adaptable architecture to meet country-specific formats, backgrounds, and writing styles delivering the best read rates and accuracy available.
Depending on country, CheckPlus International provides the functionality for reading payee line, MICR line, checksum, and other fields. It can also perform signature presence detection and verification on personal and business checks, allowing financial institutions to quickly identify random and skilled forgeries.
"Parascript recognizes the global need for accurate and efficient check recognition and fraud detection solutions," said Mike Fenton, vice president of sales and operations for Parascript. "With this latest release of CheckPlus International, we have, once more, expanded our product suite to meet the growing demands of domestic and international customers."
"Used with our check image processing application, Parascript's CheckPlus International enables Aperta to provide an enhanced product offering to our banking and solution partners in India," said Martin Wylupek, technical director for Aperta.
Developed for banks, financial institutions and payment processors in India, CheckPlus International enables efficient processing of digitized check images. More accurate and robust than other check recognition technologies, CheckPlus International automates check courtesy and legal amount recognition (CAR/LAR), dramatically reducing operating costs.
About Aperta
Established in 1992, Aperta is an innovative company that has grown to become an acknowledged leader in payment processing solutions and applications for the commercial, public sector, banking and financial marketplace. Aperta item processing applications are installed in many countries in Africa, Europe, North America, Central and Latin America. For more information, visit http://www.aperta.com/.
About Parascript, LLC
The Parascript image analysis suite extracts meaningful information from images. Employing patented digital image analysis and pattern recognition technologies, the Parascript image analysis suite automates costly data entry and improves decision quality in postal automation, check and remittance processing, fraud detection and forms processing operations. Parascript software processes over 100 billion imaged documents per year. Fortune 500 companies, postal operators, major government and financial institutions rely on Parascript products. Organizations include the U.S. Postal Service, Bowe Bell & Howell, CheckFree, Elsag, Lockheed Martin, NCR, Siemens and Unisys. Parascript is online at www.parascript.com/.
Source: Parascript, LLC
CONTACT: Claudette Allingham of Parascript, LLC, +1-303-381-3100, claudette.allingham@parascript.com
Web site: http://www.parascript.com/
http://www.aperta.com/
