Check fraud is now rampant among millennials when checks remain a huge part of the payments landscape – the case for investing in check fraud detection software.
Why Are Tellers Still Handling Checks?
In the age of Amazon palm payments, why are tellers still handling checks at the counter? Find out why checks remain a huge piece of the payments landscape.
Improve Delivery Time with Straight Through Processing | Payment Processing
Straight Through Processing (STP) saves time & reduces costs with less risk of errors – here’s what to look for in a good solution for payment processing.
Banks Boost Branch ROI with Multi-channel Transaction Processing | Advanced Check Recognition
Banks boost branch ROI with multi-channel transaction processing leveraging advanced check recognition that allows for more self-service options.
Document Recognition | Why Rules & Neural Nets…
Why can’t capture and recognition software read fields that a person can read and how does it read what we find hard to read? The answer: neural nets.
Check Payee Line Verification – Has Its Time Come?
Is Check Payee Line Verification still necessary? It turns out it is for fraud prevention and regulatory compliance. Find out more here.
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 […]
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 […]
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 […]
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 […]
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 scanners OCR offers very basic capabilities and its often not the solution. Reading fields […]
Recognition and Remote Deposit Capture – Takeaways from this year’s RDC Summit
This years 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. Heres a summary of the […]