Parascript® CheckUltra®
Get superior check recognition with the highest read rates and accuracy
As the banking and financial services industry is experiencing rapid growth of image exchange, it is more important than ever to improve check processing efficiency wherever possible. Banks are taking more decisive steps in restructuring operations and further automating current proof-of-deposit (POD) processes along with the adoption of remote check capture, corporate capture, lockbox imaging, or branch capture.
Designed for service bureaus, business process outsourcing (BPO), and high volume payment processors, CheckUltra establishes new standards for check processing, providing the highest read rates and accuracy for courtesy amount (CAR), legal amount (LAR), and magnetic ink character recognition (MICR) available on the market.
CheckUltra not only reads CAR, LAR, and MICR line on financial documents, but also analyzes image integrity and detects images of personal checks, business checks, and Image Replacement Documents (IRDs) suspected to have a defect. With this ability, banks can identify problematic items immediately, resulting in improved integrity of the images they pass to other banks and to their customers.
Benefits include:
- Dramatic increase in recognition rates and accuracy - Demonstrates up to 10 percent increase in CAR/LAR read rate when compared to other products available on the market.
- Improved recognition results of MICR line - Offers optical recognition results at least on par with, if not higher, than the results of magnetic readers.
- CAR/LAR mismatch detection - Cross-validates CAR/LAR results to detect counterfeits and alterations.
