A2iA CheckReader Now Verifies Image Usability on Checks; Prepares Banks for Image Exchange.Business Editors/High-Tech Writers NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of & PARIS--(BUSINESS WIRE)--April 7, 2004 A2iA CheckReader 3.1 Assures that Information on Checks is Present and Usable; Reduces Banks' Exposure to Risk & Liability from Poor Check Image Capture Building on A2iA CheckReader, the trusted recognition technology behind many of today's leading check processing applications, A2iA Corp. has expanded the functionality within A2iA CheckReader 3.1, to allow developers to more easily build Check 21-ready applications. This additional feature will enable banks and financial institutions to verify check usability in real-time. Check 21 has accelerated the need and interest of banks to ensure that check images are usable and contain information in the required fields. The Check 21 Act establishes a Substitute Check's or Image Replacement Document's (IRD IRD Institut de Recherche pour le Développement (French) IRD Inland Revenue Department (New Zealand's tax revenue collection department) IRD Integrated Receiver Decoder ) legal status and X9, which is an American National Standard (standard) American National Standard - (ANS) A common prefix for ANSI documents or standards, e.g.: "ANS Forth", or "American National Standard X3.215-1994". for substitute checks created under the Accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. Standards Committee X9 for the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry. The X9 standard establishes the construction, layout, data elements, data content, and printing specifications for an IRD. This new legislation and interest in enhanced security measures Noun 1. security measures - measures taken as a precaution against theft or espionage or sabotage etc.; "military security has been stepped up since the recent uprising" security is increasing banks' need for a reliable tool to identify unusable images in order to avoid fraud, returns and additional research. Scheduled for release on April 19, A2iA CheckReader 3.1 will automatically include this functionality, improving the quality and integrity of archives. "The latest version of A2iA CheckReader is ongoing proof of our commitment to our partners' and customers' needs," said Jean-Louis Fages, chief executive officer and president of A2iA Corp. "We are continuing to develop the capabilities of A2iA CheckReader to make it the most comprehensive check recognition software on the market today." A2iA CheckReader will detect a number of fields when they are not filled in, including courtesy and legal amounts, signature, payee The person who is to receive the stated amount of money on a check, bill, or note. payee n. the one named on a check or promissory note to receive payment. PAYEE. The person in whose favor a bill of exchange is made payable. name and date, or when the image capture process makes then unusable. This will allow A2iA CheckReader to flag potential problems, such as a scanner issue, an incorrectly printed check, or whether the check simply needs to be rescanned. A2iA's fast and accurate recognition software runs tests on the check image and identifies checks that are unacceptable. The bank can then decide on the appropriate decision based on A2iA's assessment of that particular check image. A2iA CheckReader Usability is designed to reduce the number of "false positives" in order to keep the workload associated with Image Usability Testing Usability testing is a means for measuring how well people can use some human-made object (such as a web page, a computer interface, a document, or a device) for its intended purpose, i.e. usability testing measures the usability of the object. to a minimum. Given A2iA's outstanding reputation for cursive whole word recognition, A2iA CheckReader can also identify whether the check is machine-printed or handwritten hand·write tr.v. hand·wrote , hand·writ·ten , hand·writ·ing, hand·writes To write by hand. [Back-formation from handwritten.] Adj. 1. and highlight a check that is not signed or has missing important information, such as the payee name, which is required for processing. New Document Identification System In addition, A2iA CheckReader 3.1 contains a new document identification system, which helps streamline the workflow in remittance, teller and POD applications. By automatically identifying documents such as deposit slips, remittance coupons and cash out tickets, A2iA helps to fully automate workflow. Developers no longer need an external plug-in or additional programming to identify what the document is before the recognition process begins. A2iA AddressPack Functionality A2iA CheckReader 3.1 also works with A2iA AddressPack to accurately read zip code zip code System of postal-zone codes (zip stands for “zone improvement plan”) introduced in the U.S. in 1963 to improve mail delivery and exploit electronic reading and sorting capabilities. , city, state, and street address by matching words on paper to real addresses in a postal database or "dictionary." Not only does this allow for improved recognition of names and addresses on checks, but it can now also capture handwritten information on change of address (COA (Certificate Of Authenticity) A document that accompanies software which states that it is an original package from the manufacturer. It generally includes a seal with a difficult-to-copy emblem such as a holographic image. ) forms. Availability The A2iA CheckReader recognition engine is an easy-to-use, affordable technology that will help banks and financial institutions reduce overall risk, clearing expenses and other costs related to bank fraud from checks that pass through the system with poor unacceptable images or missing signature or payee names. A2iA CheckReader is available through A2iA's official licensees and resellers. For more information about the wide range of applications containing A2iA recognition engines, please call (917) 237-0390 or visit www.a2ia.com. About A2iA Corp. A2iA (Artificial Intelligence & Image Analysis), founded in 1991, headquartered in New York and Paris, is a leading developer of technology for reading machine print and natural handwriting, including cursive handwriting from paper documents. A2iA's focus is on recognition for payment systems and paper-intensive industries and their two leading products, A2iA CheckReader and A2iA FieldReader, are helping businesses reduce their data-entry costs. A2iA CheckReader and A2iA FieldReader combine the company's OCR OCR in full optical character recognition Scanning and comparison technique intended to identify printed text or numerical data. It avoids the need to retype already printed material for data entry. , ICR (Intelligent Character Recognition or Image Character Recognition) The machine recognition of hand-printed characters as well as machine printing that is difficult to recognize. and Intelligent Word Recognition technologies with its artificial intelligence and neural network systems, making it the most comprehensive advanced recognition engines on the market today. For more information: www.a2ia.com. |
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