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Unisys Launches Check Imaging Hardware and Services for Check 21 Legislation

Monday 5 April 2004 11:10 CET | News

Unisys Corporation has introduced the NDP Quantum Series -- a new check processing hardware system with related software and services that validates check image quality and accelerates financial services firms overall check processing operations.The U.S. Check Clearing for the 21st Century Act, or Check 21, mandates that banks accept image replacement documents (IRD), or electronic images of checks, in addition to paper checks. The act, which goes into effect on October 28, 2004, addresses the financial industrys intention to move toward more electronic processes, making their operations faster, more secure and more cost effective. The NDP Quantum Series responds to this drive with capabilities designed especially for handling image exchange and IRDs. Tests of the NDP Quantum Series in client environments have demonstrated up to 60 percent improvements in workload processing compared with previous NDP Series generations, as well as up to 20 percent faster workload processing compared with current competitive check processing system models. Banks must work to assure their financial partners, and more importantly their customers, that check images have not been miscaptured or fraudulently altered. Check image exchange standards such as Check 21 make the quality, security and dependability of the image capture process more critical than ever before. The NDP Quantum Series combines industry leading check processing systems with financial industry expertise that understands the need for banks to verify the legitimacy and security of their check processing operations. Unisys also offers a companion image exchange solution, compliant with emerging industry standards, that makes it easier to transfer payment data related on the check. Along with providing payment systems technology and services to the market, Unisys works actively with industry groups such as the Financial Services Technology Consortium (FSTC) and the Electronic Check Clearing House Organization (ECCHO) to develop image standards in response to Check 21 and encourage image exchange adoption across the industry. Features of the NDP Quantum Series include: -- An intelligent combination of check data recognition techniques that reduces rejects and facilitates exception item recognition, as well as Check 21 image quality flags that identify items with potential readability problems so an operator can review and correct information. -- Technology that recognizes digital signatures to verify images and protect against image fraud. -- Design changes that reduce jams, stoppages and downtime, including high-capacity document delivery for continual operation and a "resume flow" switch to restart post-exception processing quickly. -- Front and rear upstream image cameras that reduce the size of the system and lower financial institutions cost of ownership. The NDP Quantum Series is available immediately. Prices for the Unisys NDP Quantum Series - with models that provide 200, 300, and 600 dpm speeds-- range from $65,000 for an entry-level 200 dpm model, to $250,000 for a fully configured 600 dpm system.

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Categories: Payments & Commerce | Payments General
Countries: World
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