January 18, 2015 — Parascript, the innovation leader in advanced document classification, data location, extraction and validation, today announced the new release of SignatureXpert, the automated signature verification engine that processes signatures with higher accuracy to prevent fraud.
SignatureXpert 5.1 universal locator capabilities enable it to be leveraged by Parascript partners in locating one or more signatures and reliably extracting these in situations where the signature location changes based upon the check format. With these capabilities, SignatureXpert supports the back office signature verification process needs of banks, financial institutions and corporations worldwide.
Using a single SignatureXpert API, Parascript system integration partners can now quickly fine-tune check parameters such as the signature coordinates, the number of signatures to extract, and where multiple signatures are located in relationship to each other to verify signatures on checks anywhere in the world.
SignatureXpert also offers pre-tuned parameters to accurately locate and verify signatures on checks from fourteen countries: Argentina, Australia, Brazil, Canada, the Dominican Republic, France, Ghana, India, Kenya, Malaysia, Mexico, Thailand, the United Arab Emirates, and the United States. The software requires no tuning or parameters set by the user on the unique check formats for these countries.
“With SignatureXpert’s new universal capabilities, system integrators everywhere can access our highly accurate signature verification capabilities in a single SDK. Parascript partners can automatically authenticate high volumes of signatures for successful check fraud prevention. They can do this no matter what type of check they’re processing,” said Greg Council, Vice President of Marketing and Product Management.
The signature authentication benefits of SignatureXpert include the ability to:
- Locate and verify signatures automatically at a faster and more efficient rate than humans with higher accuracy.
- Provide double verification of signatures for increased accuracy when manual verification is necessary.
- Ensure significant cost savings, greater efficiency and reliability through automating manual signature verification processes.
About Parascript, LLC
Parascript automates the extraction of meaningful, contextual data from image and document-based information to support transactions, information governance, fraud prevention, and business processes. Parascript software processes any document with any data from any source with its easy-to-use, image-based analysis, classification, data location, and extraction technology. More than 100 billion documents for financial services, government organizations, and the healthcare and life sciences industry are analyzed annually by Parascript software. Parascript offers its technology both as software products and as software-enabled services to our partners. Our BPO, service provider, OEM and value-added reseller network partners integrate and distribute Parascript software in the U.S. and across the world.