A2iA Signs Worldwide Software License Agreement with Alogent.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)--Jan. 21, 2003 A2iA Corp. Worldwide Agreement Builds on the Strength of A2iA CheckReader Software & Extends Powerful Solution to Financial Institutions Around the Globe 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 worldwide license and maintenance agreement with Alogent Corporation, a leading developer of payment processing solutions for global financial institutions. The new agreement enables banks, billers, and payment processors around the world to benefit from advanced image-capture and automation technology, which integrates complete check, deposit and payment slip data recognition and validation at both branch and central processing locations, improving overall efficiency and cutting costs. A2iA's software, A2iA CheckReader (TM), 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 into words and characters. A2iA CheckReader's capabilities are extensive, adding the ability to not only read the 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 to tighten security. A2iA CheckReader is integrated with Sierra(R) Clearing(TM), Alogent's central check and remittance processing solution, and Sierra(R) Xpedite(TM) for Extensible Deposit Automation(TM), which automates deposits through capturing, validating and managing financial transactions at points of physical payment, including ATMs and walk-in payment sites. This agreement now enables the companies to offer these powerful solutions worldwide. Recent installations at Lloyds TSB Bank and Barclays Bank have consistently resulted in increased processing efficiency, validation accuracy, and improved processing quality. The combined solutions automate the capture and electronic processing of MICR code lines, 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. data, and images from documents. The integration of A2iA CheckReader allows Sierra's applications to reduce manual verification workloads, raise productivity and quality at each branch, while increasing data recognition accuracy and client ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). for their customers. In each branch, A2iA CheckReader's additional recognition capabilities and Alogent's deposit automation reduce transaction time and cost, expediting teller transactions and allowing financial institutions to process transactions faster and put customer information to work earlier in the day. "We're delighted to be able to extend our relationship with A2iA to leverage the strength of Alogent's advanced image and data capture expertise," said Robert Coyan, Director of Business Development at Alogent. "A2iA is pleased to announce our worldwide alliance with Alogent, which not only solidifies our partnership, but allows us to extend our capabilities to their global customers," 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 collaboration will enable us to bring time and cost cutting technologies to the world's premier financial institutions." About Alogent Alogent develops and delivers open-architecture item processing software to banks, billers, and payment processors who want to make payment processing more efficient and more profitable. Alogent specializes in high speed, high-volume transaction processing on a server-based platform that processes both paper and electronic payments. Alogent's solutions for front office deposit automation and accelerated central item processing are scalable, and based on the Microsoft Windows, SQL Server, Windows DNA and XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. architecture. For more information, email info@alogent.com or visit www.alogent.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, 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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