News | October 21, 2008

Expanded Capabilities Of A2iA CheckReader™ Provide For More Automation And Efficiency, And The Potential For Additional Savings In Both Time And Operating Costs

Source: A2iA Corporation
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A2iA, a leading provider of tools for document analysis and handwritten data extraction, recently announced enhancements to its A2iA CheckReader toolkit. A2iA CheckReader, a set of advanced image analysis and intelligent recognition engines, enables software applications to capture handwritten and machine-printed information from all areas of checks and related payment documents. Using its own proprietary advanced neural network and artificial intelligence, A2iA CheckReader leaves computer resources available for other applications and operations such as teller software and ATM functions, reducing data-entry time and costs in ATM check acceptance, branch or distributed capture, remittance, and proof operations. This most recent release provides enhanced functionality and recognition capabilities for the product's 22-country versions, which are available in six languages, and enhance transaction-processing systems from leading vendors worldwide. The expanded capabilities of A2iA CheckReader automate the classification, reconciliation and recording of customers' everyday expenditures from all types of paper-based payments. A2iA CheckReader also provides the ability for additional analysis and extraction of information from check images, advances the fight against check fraud, and provides additional customer relationship management (CRM) data.

"With today's unstable economy and financial institutions focusing more on reducing their operating costs, A2iA continues to develop new features that further enhance automation and efficiency across the entire organization," said Jean-Louis Fages, A2iA President & Chairman of the Board. "A2iA remains an industry leader, proven by our proactive developments and ability to respond to a changing industry."

A2iA CheckReader enhancements and features include:

  • US Financial Documents:
    • Auto-Locate: Check-image extraction from a flatbed scanner image despite its location and orientation, for further recognition of the key fields on the check.
    • Expanded Capabilities of A2iA CheckReader
    • Improved recognition for payee name within Image Replacement Documents (IRD).
    • Improved identification of cashier's checks.
    • Improved identification of money orders.
  • UK Checks:
    • Recognition of payor name on UK checks.
  • Brazilian Checks:
    • CAR/LAR/Coupon mismatch detection.
  • Hong Kong Checks:
    • Ability to recognize date and payee name from Hong Kong checks whether handwritten or machine printed.
  • Indian Checks:
  • Improved amount recognition.

A2iA CheckReader‘s improved check-image quality and usability analysis continues to address the needs of the end-users in addition to those of financial institutions. By using invalidity detectors for the back of US checks, plus tools such as a comparison of payer name image with the referenced check stock, A2iA CheckReader provides the ability to process checks at the point-of-presentment as well as anywhere that a desktop or consumer scanner is available with fewer rejects, fewer unread checks, and more embedded functionality. A2iA operates one of the world's largest private research centers dedicated to finding ways to extract information from handwritten paper documents and continues to reinvest its revenue into research that improves its core recognition engines, addressing today's changing environment.

Availability
A2iA CheckReader is available to software developers for integration into front- and back-end bank operations software, image-enabled ATMs for check acceptance, branch or distributed capture, remittance, check cashing, accounting, online banking, point-of-sale document management, and proof operations. Precision-engineered to work together to provide extremely high read-rates and unparalleled accuracy, A2iA's recognition engines also provide information about check image quality, usability and negotiability in one simple call. For more information please visit us online at www.a2ia.com.

About A2iA
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 over 17 years. A2iA recognition engines can be used to enhance the forms processing, transaction processing, business process management, record-management, ediscovery, content management, document management, and knowledge management systems from leading vendors. For more information please visit us online at www.a2ia.com

SOURCE: A2iA Corporation