A2iA CheckReader Shortens Processing Times, Reduces Risk And Helps Fight Fraud In Deposit-Automation-Enabled ATMs
First Georgia Community Bank Company deploys completely electronic, enhanced-deposit-automation solution.
A2iA, the worldwide leading developer of tools for document analysis and handwritten and machine-printed data extraction, announced recently that its comprehensive check-processing toolkit, A2iA CheckReader, is deployed at the First Georgia Community Banking Company in their first completely electronic, enhanced-deposit-automation solution. As a component of CFS DepositWizard ATM, a solution that allows for the image capture of a check-deposit at the ATM instead of the central processing center, A2iA CheckReader seamlessly provides a verification of the check-image quality and usability, as well as performs recognition on all data-points on the check, including CAR (courtesy amount) and LAR (legal amount) mismatch.
CFS Inc., in partnership with CashTrans and Columbus Data Services (CDS), developed this scalable solution, which is integrated into Nautilus Hyosung's MX 7600i enhanced deposit automation ATM with Bulk Note Accepter (BNA)/ Bulk Check Acceptor (BCA).
DepositWizard ATM with A2iA CheckReader is a scalable solution that can be deployed in-house or in a hosted environment, accelerating timelines, reducing operating costs and combating fraud at the point of deposit. It allows users to securely connect and automatically process transactions from the deposit-automation-enabled ATMs to the financial institutions' back office, with no human intervention required. This significantly shortens processing and posting times and virtually eliminates the risk for "empty-envelope" fraud. Customers are also given the convenience of making secure deposit transactions at any time, despite teller hours.
DepositWizard ATM with A2iA CheckReader is available to banks and credit unions as either an in-house or hosted solution.
A2iA, Artificial Intelligence and Image Analysis, is the worldwide leading developer of handwritten and machine printed text recognition, information extraction and intelligent document classification toolkits. By enhancing solutions from systems integrators and independent software vendors, A2iA allows complex and cursive data from all types of forms, documents and checks, including unstructured handwritten letters, to become part of a structured database, making it searchable and reportable, with the same level of flexibility as printed or digital data. The company's proprietary OCR, ICR and IWR toolkits do not contain any third-party technology and are available in 23-country versions and 6-languages. Proven to reduce costs and nearly eliminate data-entry and manual document processing, A2iA's technology has been improving business process automation and providing a visible ROI for nearly 20 years as it enhances forms-processing, transaction-processing, content management, document management, and knowledge management systems worldwide.
About Conlan Financial Solutions
CFS, Inc. is a software company that specializes in delivering full service check imaging solutions to financial institutions. The company has been a chosen and trusted partner to financial institutions for many years offering clients over 100 years of combined experience in the industry. Located in Tallahassee, Florida, CFS currently has financial institutions in 8 states that rely on the software and excellent support from the company. CFS, Inc. provides solutions for financial institutions to include development of products, enhancements, ongoing maintenance and support from a single company with a proven track record of success. A large part of the company's ongoing success is due to partnering with major financial software and hardware solution providers which allows for smooth integration. CFS, Inc. software and services can greatly improve the effectiveness of your financial institution, while lowering your operating costs.
SOURCE: A2iA Corporation