VECTORsgi Patent for Check Capture Solution Enables Rapid Deployment of Check 21 Environments

Wednesday 17 March 2004 20:57 CET | News

VECTORsgi has received a patent (No. 6,608,274) from the United States Patent and Trademark Office for its method and system of online communication between its check management system and check sorters or capture devices.

The new check capture solution will have a direct impact on a banks preparedness for Check 21, because it will allow the financial institutions to send and receive images of checks instead of paper checks. Standardizing communications will help banks apply business rules and policies, regardless of the hardware device. VECTORsgi is a leading provider of financial transaction applications that automate key internal processes including check imaging, check image exchange, electronic payments and other transaction processes for financial institutions. The companys solutions are in over 80 of the top 100 banks in the United States. VECTOR:Capture for Prime Pass enables financial institutions to uniformly apply business rules, such as verifying data and image quality, across the company. As an example, fraud rules can help banks identify fraudulent items earlier in the processing cycle.

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Categories: Payments & Commerce | Payments General
Countries: World
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