Orbograph Integrates Parascript's Check Recognition and Verification to Process Brazilian Checks
10 Novembro 2008 - 9:00AM
PR Newswire (US)
- Parascript CheckPlus International for Brazil enables Orbograph
to efficiently recognize Brazilian checks - BOULDER, Colo., Nov. 10
/PRNewswire/ -- Parascript, LLC, the image analysis and pattern
recognition technology provider, today announced the release of
CheckPlus International for Brazil. The technology will be included
in Orbograph's recognition software solution to enable the
processing of Brazilian checks. CheckPlus International for Brazil
automates courtesy and legal amount recognition (CAR/LAR) on
personal and business checks to dramatically reduce labor costs and
errors associated with check processing. CheckPlus International is
currently deployed in Portugal, France, Italy, India and other
markets. "We are pleased to partner with Parascript, entering the
Brazilian check processing market with CAR/LAR technology.
Integrated as an engine within our recognition-centric
applications, Parascript's CheckPlus International enables
Orbograph to provide an enhanced product offering to our service
bureau, banking, and solution partners in Brazil," said Joe
Gregory, vice president of marketing for Orbograph. CheckPlus
International Brazil can process the entire stream of machine
printed and handwritten checks. Depending on country, the check
recognition technology automatically locates and recognizes amount
fields, the payee line, MICR (Magnetic Ink Character Recognition)
line, checksum, and others, as well as performs signature
verification to help financial institutions prevent fraud.
"Parascript is pleased to respond to the needs of the third largest
check processing market in the world with an accurate and efficient
check recognition solution," said Mike Fenton, vice president of
sales and operations for Parascript. "Our CheckPlus International
technology has been proven in markets around the world. Working
with Orbograph, we are excited to bring the highest read rates and
reliability to this new market." About Orbograph Orbograph Ltd.
(http://www.orbograph.com/), a subsidiary of Orbotech
(NASDAQ:ORBK), is a leading developer of recognition solutions for
the U.S. check processing and business process outsourcing markets.
Orbograph's technologies are in use at hundreds of banks, financial
institutions and service bureaus across North America, processing
millions of documents each day. Through its recognition solutions,
fraud detection, business process outsourcing technologies and
image quality assurance applications, Orbograph enables customers
to reduce costs, improve operational efficiencies and achieve rapid
ROI. About Parascript, LLC The Parascript image analysis suite
extracts meaningful information from images. Employing patented
digital image analysis and pattern recognition technologies, the
Parascript image analysis suite improves decision quality in
medical imaging, postal and payment automation, fraud detection and
forms processing operations. Parascript software processes over 100
billion imaged documents per year. Fortune 500 companies, postal
operators, major government and financial institutions rely on
Parascript products. Organizations include the U.S. Postal Service,
Bowe Bell + Howell, CheckFree -- now part of Fiserv, Elsag,
Lockheed Martin, NCR, Siemens and Unisys. Parascript is online at
http://www.parascript.com/. DATASOURCE: Parascript, LLC CONTACT:
Claudette Allingham of Parascript, LLC, +1-303-381-3100, ; or
Hilary McCarthy of SZPR, +1-508-829-2543, , for Parascript, LLC Web
site: http://www.parascript.com/ http://www.orbograph.com/
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