Parascript Announces New Release of Check Recognition and Verification Software for Portugal
- Parascript CheckPlus International offers improved courtesy and legal amount recognition accuracy for processing of Portuguese checks; also being used in France, Italy, India and other markets - BOULDER, Colo., June 3 /PRNewswire/ -- Parascript, LLC, the image analysis and pattern recognition technology provider, today announced the release of CheckPlus International for Portugal. CheckPlus International for Portugal reads the courtesy amount and legal amount on checks and cross-validates the results to ensure the highest recognition rates and accuracy, enabling banks to minimize cost and labor associated with check processing.
CheckPlus International Portugal can now process the entire stream of machine printed and handwritten Portuguese checks. CheckPlus International has been successfully implemented in Portugal, France, Italy and India, among other markets. Depending on country, CheckPlus International automatically locates and recognizes amount fields, the payee line, MICR (Magnetic Ink Character Recognition) line, checksum, among others, and performs signature verification to help financial institutions prevent fraud. "Parascript is committed to continuously improving check recognition technology and offering our partners and their clients the most accurate recognition software available worldwide," said Mike Fenton, vice president of sales and operations for Parascript. "This latest release of CheckPlus International for Portugal offers significantly higher accuracy levels with its courtesy amount and legal amount recognition and cross-validation, which helps to further prevent fraud."
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/. First Call Analyst:
CONTACT: Claudette Allingham of Parascript, LLC, +1-303-381-3100, Web site: http://www.parascript.com/
2008-06-03 10:00:06 0376106 PRNEWSWIRE
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