SAN DIEGO, CA--(Marketwired - March 07, 2016) - BAI PAYMENTS CONNECT CONFERENCE - Orbograph, a premier supplier of recognition solutions and image validation for the U.S. check processing market, as well as electronic/paper automation solutions in healthcare revenue cycle management, announced today that the company is releasing OrboAnywhere™ at BAI Payments Connect 2016, along with certification of the solution by Digital Check.
OrboAnywhere™ automatically validates the negotiability of paper-originated items for any self-service or traditional channels within the Omnichannel of a financial institution, providing a consistent client experience across self-service kiosks, concierge tablets, mobile devices, ATMs, video tellers, point-of-sale devices, remote deposit capture scanners, as well as over-the-counter or lockbox workflows.
As the financial industry expands its offerings of retail and treasury services to consumers and businesses, the ability to monitor transactions with corresponding images generated from a wide range of remote scanning devices introduces an entirely new set of risks into the payment clearing process.
OrboAnywhere's innovative business rules leveraging enriched recognition technologies can now identify operational, fraud and compliance risk scenarios as items are scanned, processed and cashed or deposited from any workflow. Over twenty validation tests generate real-time scenario scores to protect transactions systematically rather than requiring human review or approval. These tests are designed to protect the financial institution and support regulatory compliance in areas such as Uniform Commercial Code (UCC), Regulation CC, Anti-Money Laundering (AML), Bank Secrecy Act (BSA), as well as Know Your Customer (KYC). Field recognition results can also be used in downstream applications, such as big data and market segmentation.
Barry Cohen, Co-President of Orbograph stated, "The introduction of OrboAnywhere™ coincides with our 20-year anniversary. We are excited to launch a new product into a growing, self-service market, which has an expanded set of requirements that fit well with our company core competency."
Digital Check has certified OrboAnywhere™ to address industry problems of vault processing and image exceptions. Vault by Digital Check® integrates check and cash processing within a vault operation of a retail or corporate client, while Clear Inline® is an image enhancement software, which resolves difficult-to-read handwriting or printed text on checks and money orders. Both platforms can use OrboAnywhere's enriched recognition as well as 20+ validation tests for the following: identification of 3rd party checks, cashed checks and Illegal documents, amount errors, high dollar risk, signature, endorsement and quality issues, payor and payee comparisons, as well as use of negative lists, stale and post-dated checks.
Orbograph will be introducing the OrboAnywhere™ solution at the BAI Innovation Showcase in the San Diego Convention Center on Tuesday, March 8, 2016 from 8:30-10:45AM in Room 28C.
OrboAnywhere™ product and integration information for new business partners and financial institutions can be obtained by contacting Orbograph via website http://www.orbograph.com/orboanywhere.htm or through joe.gregory@orbograph.com.
About Orbograph
Orbograph (www.orbograph.com), a subsidiary of Orbotech, is a premier provider of recognition services and software for check processing in the financial industry and electronic/paper automation solutions in healthcare revenue cycle management (RCM). Orbograph technologies are in use in over 1,500 financial institutions, service bureaus and billers processing billions of checks and claims annually. Orbograph solutions are utilized by 20 of the top 30 U.S. financial institutions with in-house check processing. In healthcare payments, Orbograph P2Post and Orbograph E2Post utilize innovative EOB conversion technologies to facilitate and streamline the processing of payments and to automate the posting of receivables into practice management systems. Orbograph enables clients to envision more for by reducing costs and managing risk while ensuring that achieving more is a reality.
About Digital Check
Digital Check provides superior check scanners and document capture products for teller capture, branch automation, remote deposit capture, and remote lockbox applications. Digital Check's award-winning TellerScan®, CheXpress®, BranchXpress®, and SB™ electronic scanners are among the most cost-effective and reliable in the industry, and provide high-quality images with precise MICR accuracy. Digital Check's also offers software for image enhancement and clearing through their Clear by Digital Check® and Vault by Digital Check® Products.
NOTE: Actual performance may vary according to hardware used, configuration or other factors within your processing environment. Statistics cited in this release do not constitute guarantees of performance. For more information, visit us online at www.orbograph.com.
Contact Information:
FOR IMMEDIATE RELEASE
Press Contact:
Joe Gregory
VP Marketing
joe.gregory@orbograph.com
978-667-6037 Ext. 5046