A2iA, the worldwide leading software developer of tools for handwritten and machine-printed text recognition, data extraction, and the intelligent classification of paper documents, announced today that it has extended its relationship with Panini, the global market share leader in distributed capture. For more than 10-years, the organizations have offered a worldwide, scalable solution that addresses the complete range of check-processing needs across a wide variety of global industries.
Since the start of distributed capture, A2iA CheckReader™, a set of advanced image analysis and intelligent recognition engines that capture information from every data point on a check, has been integrated with the Panini Vision X® scanners, and most recently added to the new Panini I:Deal® check scanner, to provide codeline verification. By reading the MICR line (Magnetic Ink Character Recognition) both optically with A2iA’s proprietary recognition engines, and magnetically with Panini’s MICR Plus™ technology, the most accurate data is sent for clearing with reduced MICR rejects and misreads. Users working with this integrated solution receive over 99% MICR read rates, enabling an incremental reduction of labor required to perform manual corrections, decreased operating expenses, faster processing times and availability of funds, and improved customer service levels.
“We have experienced a very successful and long term relationship with A2iA, and are delighted to extend our relationship with new products and markets,” states Michael Pratt, Chief Marketing Officer, Panini. “Accurate MICR reading is critical to distributed capture success, so we know our customers will appreciate the combination of A2iA CheckReader with our market-leading check scanners for optimal data capture results.”
Both A2iA and Panini are driven by disciplined research and development, committed to addressing the specific needs and requirements of the marketplace. By combining innovative products and solutions from both organizations, users receive a complete foundation for Check 21 check truncation initiatives with built-in check image quality and usability features.
The Panini I:Deal® and Panini Vision X® scanners, incorporating A2iA CheckReader functionality, are available worldwide through Panini’s global network of distributors and resellers. For a complete list visit panini.com/partners-overview.
A2iA (a2ia.com), 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, with a focus on handwritten contents. A2iA’s Document Classification, OCR, ICR and IWR technologies do not contain any third-party technology and are available in 23-country versions and 6-languages. A2iA’s proprietary toolkits have been reducing data-entry costs and improving business process automation for nearly 20 years, and are used to enhance the forms-processing, transaction-processing, content management, document management, and knowledge management systems from leading vendors. For more information, visit the website or call within the Americas, or +33 1 44 42 00 80 within EMEA or Asia.
Founded in Turin, Italy, Panini (panini.com) has enabled clients to capitalize on shifts in the global payments processing market for more than sixty years. Panini has a rich history of technology innovation, leveraging the company’s expertise in research & development. Panini’s market leading solutions are based on state-of-the-art engineering resources and ISO-9000 quality certified production. Panini offers check capture solutions that enable customers to fully realize the advantages and efficiencies available with the digital transformation of the paper check. Panini’s scalable check capture solutions address the complete range of distributed check processing opportunities including teller capture, back-counter capture, corporate capture, merchant back office conversion (BOC), cash vault, microfilm replacement and remittance processing. For more information please call +1 937-291-2195 or visit the website.