Orbograph Integrates Parascript’s Check Recognition and Verification to Process Brazilian Checks

-- Parascript CheckPlus International for Brazil enables Orbograph to efficiently recognize Brazilian checks --

November 10, 2008, Boulder, CO (AllPayNews.com) – Parascript, LLC, the image analysis and pattern recognition technology provider, today announced the release of CheckPlus International for Brazil. The technology will be included in Orbograph’s recognition software solution to enable the processing of Brazilian checks. CheckPlus International for Brazil automates courtesy and legal amount recognition (CAR/LAR) on personal and business checks to dramatically reduce labor costs and errors associated with check processing. CheckPlus International is currently deployed in Portugal, France, Italy, India and other markets.

“We are pleased to partner with Parascript, entering the Brazilian check processing market with CAR/LAR technology. Integrated as an engine within our recognition-centric applications, Parascript’s CheckPlus International enables Orbograph to provide an enhanced product offering to our service bureau, banking, and solution partners in Brazil,” said Joe Gregory, vice president of marketing for Orbograph.

CheckPlus International Brazil can process the entire stream of machine printed and handwritten checks. Depending on country, the check recognition technology automatically locates and recognizes amount fields, the payee line, MICR (Magnetic Ink Character Recognition) line, checksum, and others, as well as performs signature verification to help financial institutions prevent fraud.

“Parascript is pleased to respond to the needs of the third largest check processing market in the world with an accurate and efficient check recognition solution,” said Mike Fenton, vice president of sales and operations for Parascript. “Our CheckPlus International technology has been proven in markets around the world. Working with Orbograph, we are excited to bring the highest read rates and reliability to this new market.”

About Orbograph
Orbograph Ltd. (www.orbograph.com [1]), a subsidiary of Orbotech (NASDAQ/NM SYMBOL: ORBK), is a leading developer of recognition solutions for the U.S. check processing and business process outsourcing markets. Orbograph’s technologies are in use at hundreds of banks, financial institutions and service bureaus across North America, processing millions of documents each day. Through its recognition solutions, fraud detection, business process outsourcing technologies and image quality assurance applications, Orbograph enables customers to reduce costs, improve operational efficiencies and achieve rapid ROI.

About Parascript, LLC
The Parascript image analysis suite extracts meaningful information from images. Employing patented digital image analysis and pattern recognition technologies, the Parascript image analysis suite improves decision quality in medical imaging, postal and payment automation, fraud detection and forms processing operations. Parascript software processes over 100 billion imaged documents per year. Fortune 500 companies, postal operators, major government and financial institutions rely on Parascript products. Organizations include the U.S. Postal Service, Böwe Bell + Howell, CheckFree – now part of Fiserv, Elsag, Lockheed Martin, NCR, Siemens and Unisys. Parascript is online at http://www.parascript.com [2].