associated with check processing, achieves amount recognition rates of over

90 percent -

BOULDER, Colo., Oct. 28 /CNW/ -- Parascript, LLC, the image analysis and pattern recognition technology provider, today announced that Quebec Automobile Insurance Corporation (SAAQ), Quebec's government agency under the auspices of the Quebec's Minister for Transport, has implemented Aperta's Active Image Document Processing System (AiDPS), which incorporates Parascript's CheckPlus International for Canada software. The integrated solution allows SAAQ to remove post-encoding check verification tasks and batch preparation workloads, resulting in reduced labor costs. Additionally, with the read rates achieved by Parascript's CheckPlus International software, SAAQ is able to further keep human intervention at a minimum.

After a few months of operating with Aperta's and Parascript's payment processing solution, the SAAQ has achieved amount recognition rates above 90 percent and significantly reduce labor costs at rates that truly exceeded their expectations. "We are very satisfied with the integrated check recognition solution from Parascript and Aperta and its user-friendly interfaces," said Alayn Plante, manager, centralized operations for SAAQ. "We are confident our cooperation with Aperta and Parascript will continue to result in increased operational efficiencies."

SAAQ had issued an RFP for an image-based application to modernize their equipment and replace their microfilm-based system. Performance criteria and confidence level requirements were included in the RFP to make sure the new solution would reduce the manual workload inherent in checks and stub processing. SAAQ required recognition performance levels for hand written and printed characters to make sure at least 70 percent of stubs and checks would be processed without operator intervention. The date recognition rate was set to 30 percent with an accuracy level of 95 percent. The integrated solution from Aperta and Parascript achieved amount recognition rates above 90 percent and date recognition rates averaging 75 percent, far exceeding SAAQ's requirements.

"By combining Parascript's CheckPlus International recognition software with Aperta's AiDPS, we can provide an outstanding check processing solution to payment processors and financial institutions, significantly lowering labor processing costs worldwide," said Tim Kickham, sales director for Aperta.