Parascript Releases Universal Recognition And Verification Solution To Process Banking And Financial Documents

Parascript LLC, the Intelligent Recognition technology provider for the banking and financial industry, today announced the next generation of Parascript CheckPlus, the only financial document processing solution that combines check processing, forms processing and fraud detection.

CheckPlus 5.0 can process a form and a check together without having to separate and send them to different departments-reducing handling and operating costs. Integrators, banks and financial institutions can apply the product to a broader range of applications, reducing restrictions on the types of documents that may be processed automatically.

"We are dedicated to meeting the changing needs of the banking and financial services industry," said Mike Fenton, vice president of sales and operations for Parascript. "We are confident that CheckPlus 5.0 will further enhance the product offerings of our partners in providing universal and highly efficient recognition and verification solution that combines check processing, forms processing and fraud detection into one product."

CheckPlus 5.0 processes the full stream of documents for proof of deposit (POD) and remittance applications including business checks, personal checks, cash tickets, deposit slips, money orders, image replacement documents (IRDs) and other documents. The signature verification capability of the product ensures the industry's highest accuracy rates in detecting random and skilled forgeries.

About Parascript, LLC
Parascript Intelligent Recognition engines capture, interpret and transform paper-based data into actionable information. Uncovering the hidden meaning of information, we help commercial and government organizations drive higher accuracy and productivity while automating costly data entry. The first to solve the cursive handwriting puzzle, Parascript has grown to be the Intelligent Recognition solution for the U.S. Postal Service and other Global 2000 organizations including Bowe Bell & Howell, Carreker, Elsag, Lockheed Martin, NCR, Siemens and Unisys. Parascript is online at www.parascript.com.