Caere announces new BilReader for large remittance organizations.LOS GATOS Los Gatos (lôs gä`tōs, lŏs, găt`əs), city (1990 pop. 27,357), Santa Clara co., W Calif.; inc. 1887. It is an affluent residential community and health resort. , Calif.--(BUSINESS WIRE)--Oct. 19, 1995--Caere Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CAER CAER Centre d'Arts Escèniques de Reus (French) CAER Community Awareness and Emergency Response program CAER Chemical Awareness and Emergency Response Program ), a leading developer of bar code and optical character recognition optical character recognition (OCR), method for the machine-reading of typeset, typed, and, in some cases, hand-printed letters, numbers, and symbols using optical sensing and a computer. (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. ) software, readers and systems, today announced the new BilReader, an automated data entry product which produces higher accuracy and productivity for banks and other large remittance organizations. The BilReader includes Caere's superior recognition technologies that provide a fast, highly accurate alternative to keyboard data entry of invoices, loan coupons and other transaction documents. Designed to increase productivity in large remittance organizations, the BilReader provides out-of-the-box compatibility with most existing hardware systems and combines the controller and input device in a small footprint. In addition, the BilReader lowers the cost-of-entry for automated data processing data processing or information processing, operations (e.g., handling, merging, sorting, and computing) performed upon data in accordance with strictly defined procedures, such as recording and summarizing the financial transactions of a at the teller window level or back room. The BilReader scans OCR-A OCR-A Optical Character Reader - Font A , OCR-B OCR-B Optical Character Reader - Font B and E-13B (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. ) at a fixed height, reads the information, and delivers formatted data to the host application, via keyboard wedge A device that distributes data from a point of sale terminal (bar code reader, magnetic stripe, etc.) to the computer. It is inserted between the keyboard and keyboard port on the computer, and the input appears as ordinary keystrokes. interface. The interface sends the data to the host PC, as though it were typed by an operator, and this information is sent to the host PC along with manually typed data through the same port. The BilReader increases productivity by providing rapid recognition of remittance documents, at a rate of up to 200 characters per second. Compared to manual data entry, productivity is often increased by 30%, or more. The BilReader also includes Caere's Advanced Data Editing, that allows the user to use sophisticated templates to validate input and use powerful editing tools to insert, suppress, translate, sequence, regulate transmission speed, move, mark, pad and other key strokes in any field scanned. These programmable features provide automatic interfacing to host software by allowing the unit to emulate the same keystroke key·stroke n. A stroke of a key, as on a word processor. key  stroke sequence an operator would have hand-keyed to enter the data. Additional productivity increases are provided by the BilReader's highly accurate recognition technologies. The BilReader utilizes state-of-the-art feature extraction In pattern recognition and in image processing, Feature extraction is a special form of dimensionality reduction. When the input data to an algorithm is too large to be processed and it is suspected to be notoriously redundant (much data, but not much information) then the and neural network-based recognition technologies to achieve accuracy rates of over 99.99 percent. This represents less than one character misread mis·read tr.v. mis·read , mis·read·ing, mis·reads 1. To read inaccurately. 2. To misinterpret or misunderstand: misread our friendly concern as prying. in 40,000 using Caere's Check Digit A numeric digit used to ensure that account numbers are entered accurately into the computer. Using a formula, a digit is calculated from each new account number, which is then made part of that number, either at the end, the beginning or somewhere in the middle of the number. Verification, a process by which the BilReader uses information on a document to verify its recognition of other digits on the document, accuracy is increased to one error in three million characters. This can be compared to human error rates of one in 300. This model combines key functions and has a small footprint, which are concerns to large remittance processing organizations such as banks, who value the work spaces at their teller windows. The BilReader is 8 inches x 4 inches x 3 inches, a small footprint which is important when desktop space is at a premium. "We're definitely proud of our accuracy rates and the increased productivity that the BilReader offers our users," said Serge Blanc Serge Blanc (born 22 September, 1972) is a former French football player. External links
"But one of the best features we see with the implementation of our BilReader is the increased attention that the teller can focus on customer service. Our technology frees the teller from tedious manual entry of data, so now more attention is directed to the customer, as well as reduces the time a customer waits in line." The BilReader lowers the cost-of-entry for automated data entry of invoices, loan coupons and other transaction documents. Priced at $1,650, the BilReader represents a 25 percent reduction in the cost of Caere's similar Model 833 with a separate controller. The BilReader interfaces with PC-AT-PS/2 and Macintosh machines and provides out-of-the-box support for most existing hardware, without any host software customization or installation. "By using this simple interfacing method, no software changes to the host are required and installation is as simple as plugging in a telephone," said Andrew Allansmith, marketing manager for business products. New Slot Reader Caere today also announced an enhanced Slot Reader, used for scanning remittance documents. While the BilReader represents a breakthrough in integration of Slot Reader and Controller, Caere also upgraded the features available to our standard slot reader, which still requires a separate controller box. The enhancements to the Slot Reader add bar code reading capabilities to the OCR (OCR-A, OCR-B) and magnetic stripe (MICR) reading capabilities of the previous version, and allows users to alternate between the modes automatically. The result is integrated OCR, barcode and magnetic stripe all in a single device. The enhanced Slot Reader connects to Caere's Model 833 or Model 840 OCR controllers, which edit the data so it is delivered to the host application in the desired format and offer additional ports for other types of scanners and interfacing. Pricing The suggested retail prices (SRP SRP - A data link layer protocol. ) for the BilReader and the enhanced Slot Reader are $1,650 and $737, respectively. Distribution and Availability All Caere Business Products Division products, including the BilReader and the enhanced Slot Reader are available through Caere's reseller network. The BilReader is expected to be available December 1, 1995. The enhanced Slot Reader is available immediately. Caere Corporation Caere Corporation, with U.S. headquarters in Los Gatos, Calif. and European headquarters, Caere GmbH, in Munich, Germany, is the leader in OCR technology and desktop document management products. Caere has expanded its line of OCR products as a result of the December 1994 merger with Calera Recognition Systems. Caere's products include the OmniPage and WordScan lines of OCR software that convert printed and faxed documents into electronic text; the PageKeeper line of Windows document management software that effortlessly retrieves a wide range of information from virtually any source; OmniForm, which converts paper forms to electronic format; the M/Series high-speed, high-volume OCR hardware and software for commercial applications; and a broad array of OCR and bar code readers that accelerate transaction processing. -0- Note to Editors: Trademark References: Caere, OmniPage, PageKeeper, and WordScan are registered trademarks of Caere Corporation. BilReader, OmniForm, and M/Series are trademarks of Caere Corporation. Other products named may be trademarks of their respective manufacturers and are hereby recognized as such. CONTACT: Caere Corp., Los Gatos Patrick Crisp or Rebekah Salgado, 408/395-7000 |
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