Parascrip Launches SignatureOnline

Thursday 18 November 2004 14:09 CET | News

Parascript has launched SignatureOnline, the latest product in its fraud prevention software suite that enables organizations to detect counterfeit signatures at the point of transaction, helping to hamper fraud before the transaction is processed, resulting in reduced fraud losses and improved customer satisfaction.

By tracing the movement of a pen on a data input device, SignatureOnline recognizes differences in legitimate signing style or behavior, enabling financial and retail institutions to verify signatures and detect fraud in real-time for workflow automation, document management, electronic transactions and other applications. The new software from Parascript uses signature trajectory, which combines the analysis of spatial characteristics, behavioral biometrics and other characteristics of a handwritten signature to verify personal identification for check cashing and point of sale transactions. SignatureOnline employs the following to offer the most comprehensive and advanced fraud detection available: Multiple Verifiers - SignatureOnline applies a powerful combination of multiple proprietary verifiers. These verifiers analyze the shape, speed, stroke, pen pressure and timing received during the act of signing. Each verifier produces a specific result. The final confidence value is based on the combination of individual results to ensure the greatest verification accuracy. Analysis of Behavioral Biometrics - SignatureOnline analyzes handwritten signatures and detects random and skilled forgery through behavioral biometrics, which tracks deviations from the authentic movement pattern to ensure that forgery is detected even when the perpetrator has a copy of the authentic signature. Multiple Reference Signatures - SignatureOnline compares signatures against multiple reference signatures available, for added protection. This reduces the number of authentic signatures that were wrongly rejected by taking into consideration random deviations inherent to human handwriting. Confidence Value - SignatureOnline issues an overall confidence value that indicates the certainty that the signature presented for verification and the corresponding reference signature on file match. This mechanism gives organizations the ability to execute different levels of interpretation to meet specific application requirements. Universal Algorithms of Signature Analysis - SignatureOnlines ease of implementation and user-friendly interface helps system integrators accelerate application deployment. The software is ready to use and does not require additional training. SignatureOnline is language-independent and easily integrates into any solution that requires an engine for online signature verification SignatureOnline is built on Parascripts flagship Total Recognition technology - the most complete technology that recognizes cursive, handprint and machine print with the industry’s highest read rates and accuracy.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce