A2iA Signs Deal with MORE to Integrate A2iA CheckReader Handwriting Recognition into Large Banking Teller Transactions.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)--July 8, 2003 Software License Agreement Extends Powerful Recognition Solution to Financial Institutions, Saving Time & Money While Improving Customer Service at Teller Line A2iA, a pioneer of natural handwriting recognition Handwriting recognition is the ability of a computer to receive intelligible handwritten input. The image of the written text may be sensed "off line" from a piece of paper by optical scanning (optical character recognition). , IWR IWR Institute for Water Resources IWR Interactive Web Response IWR Internet Weather Report IWR Institute for Water Research IWR Isolated Word Recognition IWR I Will Report IWR Institute for Wood Research IWR Internal Work Request IWR Inter-Works Requisition (Intelligent Word Recognition) and OCR/ICR technology, today announced a software license agreement with MORE, Inc., to integrate A2iA's handwriting recognition technology into the 'point of presentment' at large banks and financial institutions. This new agreement enables financial institutions to integrate A2iA's powerful handwriting recognition engine to capture critical information from checks at the teller level, improving overall efficiency and cutting costs - for both banks and its customers. MORE, Inc., who specializes in Windows(R)-based teller systems and other branch automation products for the banking industry, will work closely with A2iA to take advantage of the power and functionality of A2iA CheckReader to enhance the efficiencies and savings offered by its ImageTeller(R) product. ImageTeller(R) allows financial institutions to eliminate much of the cost associated with processing paper items from the teller line while enhancing customer service and reducing transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. times. ImageTeller(R), using A2iA CheckReader, allows the teller to process these transactions with fewer keystrokes, in less time, with greater accuracy than with older traditional teller systems. A2iA CheckReader is employed by financial institutions worldwide for its full-check recognition capabilities. Available in four languages and 17 international, country specific versions, it uses its own advanced recognition technology to locate, clean, de-slant and segment cursive writing Also called "script," a form of handwriting in which each letter of a word is connected to another letter. Contrast with "block lettering" or "printing," in which the individual letters do not touch. into words and characters. A2iA CheckReader's capabilities are extensive, adding the ability to not only read the courtesy and legal dollar amounts on checks and deposit slips, but all of the 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 machine-printed fields. This includes the date, payer and 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. names, address block, MICR (Magnetic Ink Character Recognition) The machine recognition of numeric data printed with magnetically charged ink. It is used on bank checks and deposit slips. MICR readers detect the characters and convert them into digital data. line as well as the ability to detect signatures. These additional recognition capabilities allow financial institutions to capture more customer data. Valuable for marketing and CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. purposes, this data could also help institutions track terrorist, fraud and other money laundering The process of taking the proceeds of criminal activity and making them appear legal. Laundering allows criminals to transform illegally obtained gain into seemingly legitimate funds. activity, supporting the Patriot Act, enacted after September 11, 2001. This agreement now enables the companies to offer these powerful solutions to financial institutions nationwide. Allegiant Bank in St. Louis is the most recent installation, with many other deals pending. "The only way to maximize cost savings and transaction efficiencies is to re-engineer transaction processing from the 'point of presentment' to the final step in Item Processing," said Stephen McCampbell, President of MORE, Inc. "A2iA was the first company to work with us that had the vision to recognize the greater benefits of moving recognition technology from the back room to the teller line. We have been extremely pleased with both the relationship and the capabilities of the product; the tellers love the speed and accuracy of the combined products and the fact that they have to manually enter only a small portion of the data." The 'point of presentment' market can apply to 'point of sale,' ATM or teller-check presentment. Transaction accuracy is validated while the customer is present and deposit errors can be corrected on the spot without the need for costly account adjustments after the fact. The marriage of these technologies creates benefits for the teller, the customer, and the bank. "The integration of A2iA CheckReader with ImageTeller(R) further reinforces our commitment to moving our technology from centralized processing operations to automated front office systems," said Jean-Louis Fages, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of A2iA. "This integration is a commonsense application of A2iA's extensive experience and understanding of the unique recognition tasks in 'point-of-presentment' systems and we expect the installations with MORE to help us further penetrate the 'point-of-presentment' market. Our experience with over 8,000 point of presentment installations will allow A2iA and MORE to develop ground-breaking new systems for major banks and financial institutions in North America." 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. About MORE, Inc. Founded in Albuquerque, New Mexico “Albuquerque” redirects here. For other uses, see Albuquerque (disambiguation). Albuquerque (pronounced [ˈæl.bə.kɚ.kiː], Spanish: [al.βu. in 1989, MORE, Inc. specializes in Teller Automation and other Branch Automation solutions for financial institutions ranging from small community banks to some of the largest banks in world with products and services in Hong Kong, Singapore, Tokyo, London, Istanbul, Canada, Panama, Virgin Islands and many locations in the US. MORE, long recognized for innovation, offers the only installed, in-production, image-enabled teller system in the United States that is fully integrated with back-room image POD. For more information: www.moreinc.com or 505-344-1233. |
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