NEW YORK — A2iA Corporation's A2iA CheckReader, a set of tools that locates and reads key transactional information from paper checks and arbitrary document images, has been integrated into EasCorp's new remote consumer deposit capture service, DeposZip.
With its recent launch, DeposZip is considered among the first commercially available service of its kind to allow consumers and small businesses to electronically scan checks from their home or office and send them to their bank or credit union for collection. This new technology partnership enables EasCorp's clients to leverage A2iA CheckReader for extracting key fields from paper checks, which in turn enables the processing of checks from anywhere that a desktop scanner is available, according to A2iA.
Designed as a "thin" client application and appropriate for a variety of end users, Alan Bernstein, EasCorp's senior vice president, marketing & strategic planning, describes the program as "flexible and scalable."
"What's exciting is that it opens a world of opportunities for us to retain members who move away, students who go off to college or local businesses that want the convenience of making deposits from their own shops," said Mark Emerson, executive vice president/COO of Sharon Credit Union, one of the first credit unions to launch the system.
According to A2iA, while a lot is happening behind the scenes, the process appears transparent to the user. The consumer simply logs on to their account as they would to complete any online-banking activity and then selects a new option called "Make a Deposit." From here, the user is redirected to EasCorp, follows instructions there, and scans the check on a simple desktop scanner. A2iA CheckReader then performs courtesy (CAR) and legal (LAR) amount recognition, MICR codeline recognition, image quality and image usability testing.
EasCorp's DeposZip can be deployed worldwide with a customizable design to match that of the bank's or credit union's branding.
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