A2iA CheckReader™ And Summit.NET's Web-Based Remote Deposit Module Eliminates Geographic Limitations And Improves Fund Availability
A2iA (Artificial Intelligence and Image Analysis), a leading provider of tools for document analysis and handwritten data extraction, announced recently that its comprehensive check-processing toolkit, A2iA CheckReader™, has been integrated into Summit.NET's Next Generation Web-Based Remote Deposit Module. A2iA CheckReader's advanced image analysis and intelligent recognition engines enable software applications to capture handwritten and machine printed information from all areas of a check or related payment document. Together with Summit.NET's Web-Based Remote Deposit Module, this integrated solution enhances customer loyalty, expands a financial institution's market area and eliminates geographic limitations. Corporate customers can deposit checks from anywhere in the world that they have internet access, saving time, money and reducing errors.
Summit.NET's Web-Based Remote Deposit Module utilizes Smart Client technology to convert paper-based transactions into image-based transactions. Once in digital format, A2iA CheckReader locates and reads the check's Courtesy Amount (CAR) and Legal Amount (LAR) in real-time. Email alerts and reports notify all parties of the status of the transaction, including whether any further action is required, and the extracted information is then easily transmitted to the financial institution through a secure internet connection, improving fund availability.
"When designing our Next Generation Smart Client Remote Deposit System, we required a CAR/LAR engine that was easy to download and implement in a remote merchant environment," said Ron Thill, President of Summit Financial Solutions, Inc. "A2iA CheckReader provided us with a toolkit that allowed us to meet our goals, while at the same time provided our customers with a high level of recognition to simplify the process to make deposits at their bank from a remote location."
By allowing customers the convenience of banking from any location, Summit.NET's Web-Based Remote Deposit Module with A2iA CheckReader provides financial institutions a competitive advantage and can be deployed worldwide. "In today's competitive market, with organizations cutting costs and staff, Summit.NET's Web-Based Remote Deposit Module with A2iA CheckReader is a proven solution to reduce operating expenses and automate workflow," said Jean-Louis Fages, A2iA President and Chairman of the Board. "By allowing funds to be deposited almost immediately and from anywhere in the world, customers see an improved cash flow."
Summit.NET's Web-Based Remote Deposit Module with A2iA CheckReader is available to financial institutions for deployment to their customers worldwide. For more information, call Summit Financial Solutions, Inc. at 314-576-0484 For more information, visit www.summitfs.net.
A2iA, Artificial Intelligence and Image Analysis, is a software company that operates one of the world's largest research centers focusing on ways to extract information from everyday paper documents that contain handwritten information. A2iA's Document Classification, OCR, ICR and IWR technologies have been reducing data-entry costs and improving business process automation for nearly 20 years. A2iA recognition engines are used to enhance the forms-processing, transaction-processing, content management, document management, and knowledge management systems from leading vendors. For more information, visit www.a2ia.com.
About Summit Financial Solutions, Inc.
Summit Financial Solutions, Inc. is a developer and provider of payment processing software and services. Summit introduced the financial industry's first integrated check imaging solution based entirely on Microsoft's .NET platform. Summit.NET was the first system specifically built to handle the electronic image exchange requirements of Check 21. The Company's open data and image capture, exchange, remittance and lockbox solutions are in service at over 600 banks. Summit, a wholly owned subsidiary of Computer Services, Inc., is based in Jefferson City, Missouri. For more information, visit www.summitfs.net.
SOURCE: A2iA Corporation