image-quality-usability

Hidden Costs: Image Quality and Usability

Image quality remains an ongoing challenge for our financial clients. In benchmarking our data verification and check fraud prevention projects, it’s easy to demonstrate that image-based processing is highly successful. However, the very small percentage of poor quality images can cost financial institutions millions of dollars to research and correct. A recent white paper from […]

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Taking the Risk out of Risky Business: Restrictive Endorsement and Advanced Validation Applications

The advent of new channels and devices available for interacting with financial institutions has increased customer choices for remote deposits among other activities while simultaneously creating greater risk. Whether intentional or by accident, the potential for a check to be altered or deposited multiple times on different dates or at different institutions are real and […]

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Infographic: Adoption of Mobile Banking

Mitek Systems has a great year in review infographic regarding adoption of mobile computing devices and their use within retail banking. It’s becoming pretty clear that being able to perform common banking functions with your mobile device is a very appealing draw to many banking customers and it shouldn’t really come as a surprise. ATM […]

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Video: Process Documents and Checks with a Single Capture Solution

Parascript has been a recognized leader for check recognition in the financial services and banking industry. The company is a key technology supplier providing the powerful engine behind the best solution providers with the highest accuracy and exceptional read rates. This world-class check recognition engine is now available as part of Parascript’s Intelligent Document Recognition […]

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Why Check Scanner OCR is Not Enough for Check Recognition

There is often a need to read different data from checks, such as amounts, dates, signatures and so on. It may seem that the most logical approach is to rely on the OCR capability that comes with check scanners. Unfortunately, check scanner’s OCR offers very basic capabilities and it’s often not the solution. Reading fields […]

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Recognition and Remote Deposit Capture – Takeaways from this year’s RDC Summit

This year’s annual Remote Deposit Capture summit was held in Orlando, Sept 25-27. It is a fascinating niche event that unlike many industry conferences evolves dramatically each year. And for the financial industry, which tends to be slow about technology adoption; watching the evolution of this space is really interesting. Here’s a summary of the […]

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Over $1,000 Billion Bill Payments by Mail in 2013

According to a recent report from Aite Research, $1.062 billion of consumer payments will be done by mail in 2013 in the U.S. That’s compared to $1.769 billion done online. Payments with checks are declining, but as we can see here, they are still part of the second most used payment channel. Even if the […]

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