ATLANTA - (08/02/04) -- VSoft Corp. and A2iA (ArtificalInteligence and Image Analysis) said they have integrated VSoft'sBranch Item Capture technology with A2iA's CheckReader to allowfinancial institutions to capture check images at the point ofpresentment in the branch. The combined technologies willautomatically read checks and deposit slip amounts, reducing thelabor-intensive balancing process in the branches. The integratedproduct will help prepare institutions for Check 21 by helping themto better monitor image quality and detect missing fields, such ascourtesy and legal amounts, signature, payee name, payeeendorsement and date.
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The digital banking fintech expects to reach profitability this year as it recovers from a post-2021 valuation drop with three consecutive years of growth.
10h ago -
National Capital Bank, founded in 1889, and Old Dominion National Bank, founded in 2007, are combining with plans to take the merged entity public.
11h ago -
Early Warning Services' peer-to-peer payment platform Zelle is launching its own stablecoin, ZLUSD, which will allow it to open its network to remittances abroad. India will be the first country.
11h ago -
As competition for diners' spending heats up, the card company agreed to pay $700 million for the European reservation and management platform.
11h ago -
A letter released publicly from the Government Accountability Office on Monday underscored previously raised concerns about the Federal Deposit Insurance Corp.'s lack of "rotation" requirements for case managers on bank supervisory teams.
June 15 -
Analysts say Payoneer is an attractive addition in a market where fast-moving developments in international payments, AI and digital assets are pressuring payment companies to scale quickly.
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