ParaScript, a leader in AI-powered document processing company, today announced significant enhancements to its flagship check recognition solution, CheckXpert.AI®. The most notable addition is the i...
BOULDER, Colo.: ParaScript, a leader in AI-powered document processing company, today announced significant enhancements to its flagship check recognition solution, CheckXpert.AI®. The most notable addition is the introduction of advanced endorsement reading, an innovative feature that detects, reads and interprets handwritten or stamped text on the back of checks.
Endorsement reading is a critical addition to ParaScript’s check fraud prevention capabilities, as more financial institutions shift from physical inspection to remote and mobile deposit channels. This helps ensure checks are deposited through authorized channels and reduces the risk of fraud, including duplicate deposits and unauthorized third-party endorsements.
It identifies phrases like “For mobile deposit only” or “Deposit only to account of payee,” which often signal restrictions or conditions for processing. If an endorsement is missing, suspicious, or unauthorized, the system flags it instantly, providing a confidence score for each result. The technology automatically detects the orientation of the check, locates the endorsement area and reads any text present, matching it against a customizable list of authorized phrases.
Alongside endorsement detection, the new release of CheckXpert.AI® introduces several other enhancements including document type detection, improved money order amount reading, the ability to use custom vocabulary support for memo field reading and individual legal amount recognition.
“As financial institutions are dealing with sophisticated fraud schemes, they need tools that offer both accuracy and automation to stop fraud before it impacts customers and leads to significant financial losses,” said Emiliano Giacchetti, CEO of ParaScript. “Our latest check fraud prevention capabilities give financial institutions smarter, more reliable ways to detect check fraud and improve confidence in handling checks in the digital world.”
About ParaScript
ParaScript develops AI-powered recognition solutions that process over 100 billion documents annually and touch nearly everyone in the US who sends mail or writes checks. Leading financial institutions, government agencies, and corporations in the US, Europe, Latin America and Australia rely on ParaScript to automate their document processing, improving efficiency and accuracy, while reducing costs. Visit www.parascript.com to learn more.
Fonte: Business Wire
Alaa Abdul Nabi, Vice President, Sales International at RSA presents the innovations the vendor brings to Cybertech as part of a passwordless vision for…
G11 Media's SecurityOpenLab magazine rewards excellence in cybersecurity: the best vendors based on user votes
Always keeping an European perspective, Austria has developed a thriving AI ecosystem that now can attract talents and companies from other countries
Successfully completing a Proof of Concept implementation in Athens, the two Italian companies prove that QKD can be easily implemented also in pre-existing…
Chai Discovery, which builds frontier artificial intelligence to predict and reprogram the interactions between biochemical molecules, today announced…
Roblox Corporation (NYSE: RBLX) today announced that it will report the company’s second quarter 2025 financial results before the opening of the U.S.…
#AI--NiCE (Nasdaq: NICE) today announced the winners of its 2025 International CX Excellence Awards, honoring organizations from across EMEA and APAC…
#AI--LambdaTest, a unified agentic AI and cloud engineering platform, has announced it has become a strategic sponsor of Appium, the world’s most widely…