Longmont, CO, Oct. 22, 2019 (GLOBE NEWSWIRE) -- Parascript, which supplies the digital workforce with automated document classification and data entry solutions that process over 100 billion documents annually, announced today that Precodata S.A., a leading banking solutions provider in South America, has selected Parascript’s industry-best signature verification and check processing solutions to include as part of its product offerings.
“We are looking forward to leveraging SignatureXpert and the suite of check processing solutions to enhance automation and fraud prevention for our customers,” said Hugo Altamirano, Executive Director of Precodata, S.A. “Our partnership with Parascript ensures our customers have access to the latest in automatic signature verification and check automation.”
Precodata provides secure, reliable and high quality solutions to a wide variety of customers, ranging from financial, insurance to healthcare institutions as well as medium and small businesses needing to improve their practices. As a software provider, Precodata develops and integrates software solutions as well as deploying premium third-party products such as Parascript SignatureXpert and CheckPlus International. Many banks and other international financial institutions enable their check clearing, account opening, account holders administration and money laundering prevention leveraging Precodata solutions.
“This is a great opportunity for us to partner with one of the top solution providers in South America,” said Bill Johnson, Vice President of Global Sales. “This partnership offers a powerful combination of the most advanced signature authentication and check automation technologies with Precodata’s leading business solutions.”
The initial focus areas for the Precodata-Parascript partnership are as follows:
- Leveraging SignatureXpert will enable signature authentication in check processing, loan origination, customer onboarding and countless other uses where it is crucial to detect signature fraud. SignatureXpert provides the highest degree of accuracy for any document type that requires signature validation. Advanced image preprocessing capabilities ensure a clean image. It delivers universal authentication in a single document stream.
- Automation via CheckPlus International ensures real-time solutions have access to streamlined and reliable data from any check or check-like document. A single recognition SDK integrates check recognition. It automates check courtesy amount and legal amount recognition (CAR/LAR), check number, date, payee name and MICR lines, verifies signature presence and locates payor blocks.
Precodata offers a wide range of solutions including document e-Signing running on mobile, desktop and server platforms as well as automatic signature verification, fingerprint scanners, iris and facial recognition. In addition, Precodata also specializes in secure printing.
“Our Printing Department is equipped with advanced machinery where we design and print the whole bills of exchange and checks in our country, also plastic cards (magstripe and chip cards) and other negotiable documents and instruments,” Mr. Altamirano explained. “With Parascript, we’ve taken signature verification and check processing to the next level in terms of accuracy and reliability.”
About Precodata
Precodata SA provides payment and transaction monitoring solutions with the highest quality, security, reliability and confidentiality, developing and applying the best in technology and innovation. Certified according to ISO 9001, Precodata SA implements its quality management system in the production, marketing and delivery of payment methods and related services. This includes authentication and transaction monitoring solutions, biometrics solutions and associated management software. Precodata SA provides turnkey solutions to the finance industry for rapid, accurate and efficient payment processing. Visit us at Precodata and let us solve your needs.
About Parascript
Parascript supplies the digital workforce with document automation solutions focused on transactions, information governance, fraud prevention and business processes. Parascript provides advanced capture leveraging machine learning with real-time adaptability and zero configuration. Our software offers easy-to-use, image-based analysis, classification, data location, extraction and verification. More than 100 billion documents for financial services, government organizations and the healthcare industry are analyzed annually by Parascript software. Parascript offers its technology both as software products and as software-enabled services to our partners. Our BPO, service provider, OEM and value-added reseller network partners leverage, integrate and distribute Parascript software in the U.S. and across the world. Visit Parascript.
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