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.
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 leveraging advanced check recognition that allows for more self-service options.
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.
Is Check Payee Line Verification still necessary? It turns out it is for fraud prevention and regulatory compliance. Find out more here.
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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. Thats 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 […]