VisionShape Introduces ClearCheck; A Competitively Priced Complete Remittance Processing Solution for the Mid-Range Market.Business Editors/High-Tech Writers
TAWPI (The Association for Work Process Improvement, Boston, MA, www.tawpi.org) A membership organization dedicated to the improvement of work processes in data capture, document and remittance processing. Show
Booth # 857
LONG BEACH, Calif.--(BUSINESS WIRE)--June 9, 2003
VisionShape today introduced ClearCheck, a complete, desktop remittance processing system for NACHA NACHA National Automated Clearing House Association
NACHA National Agency Clearing House Association ARC (Accounts Receivable) truncation, which is based on VisionShape's successful AutoScan batch processing software.
The system is designed to handle volumes of between 500 and 5,000 items per day, depending on the check scanner selected.
The ClearCheck System includes a high-speed check scanner with automatic 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 reader, the ClearCheck software which creates data strings of the captured information for easy configuration to ARC format, and the latest version of VisonShape's AutoScan batch scanning software with MICR recognition, 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. and barcode recognition, with output images that can be stored as TIF TIF Tagged Image File (file name extension)
TIF Tax Increment Financing
TIF Temporary Internet Files
TIF Transport Innovation Fund (UK)
TIF Telecommunications Infrastructure Fund , JPEG JPEG
in full Joint Photographic Experts Group
Standard computer file format for storing graphic images in a compressed form for general use. JPEG images are compressed using a mathematical algorithm. or PDF. The user remittance processor can select from VisionShape's CS-500T, 550T, CS-380 or CS-370 check and small document scanners, which are connected through certified ISIS or TWAIN drivers. The CS-500 and 550T scanners are targeted at remittance processors who handle up to 5,000 items per day, while the CS-370 and 380's are designed for low volume remittance processors or remote collection agencies who process up to 500 payments a day.
"ClearCheck, in common with VisionShape's other products, offers a price/performance value that is hard to match," explained Gie de Keyser, President of VisionShape. "The system includes the latest version of our AutoScan batch processing software which is successfully installed in many sites around the world. The NACHA ARC Rules provide an opportunity for remittance processors to distribute their capture process and reduce costs - the CS scanners combined with our ClearCheck software are ideal for this new market. All our scanners simultaneously read both sides of each check conforming to NACHA's current ARC rules which require the original check to be destroyed. At the same time the scanners optically read the remittance and magnetically read the check's MICR line for easy conversion to the ARC transaction format to be forwarded to the ODFI ODFI Originating Depository Financial Institution (banking) or clearing bank. ClearCheck is a new product from VisionShape that allows remittance processors to easily offer ARC truncation to their customers."
VisionShape designs scanner software and software toolkits for production document imaging, forms processing users and developers of document imaging or capture solutions. Its products include high performance page and check scanners, industry leading barcode reading, image manipulation, character recognition and OMR (Optical Mark Reader) A scanner that reads marks on specific areas of the page. See mark sensing.
OMR - Optical Mark Reader , as well as browser based image viewing software with OCR, PDF and e-mail features.
VisionShape is a trademark of VisionShape Inc.
All other companies and products mentioned are trademarks or registered trademarks of their respective companies.