New York, NY, June 04, 2015 --(PR.com
)-- A2iA (@A2iA), an award-winning developer of software for the worldwide data capture, document processing, and payment systems markets, today announced a partnership with Jaguar Software, a leading software engineering company focused on developing solutions for the banking and financial services industry. With proven check-imaging and point-of-deposit applications already in the market, Jaguar expanded its reach with mobile Check Payments (mCP) – its end-to-end mobile check deposit solution that utilizes A2iA Mobility™, a patented software toolkit, as its core image processing and data recognition engine.
Customizable and scalable to meet the commercial payment requirements of small merchants and large corporations alike, mCP simplifies and shortens the payment cycle, and reduces the risk associated with checks captured by anyone operating outside of an office such as remote agents, delivery drivers or field service agents.
“Specific industries require a check or cash payment upon product or service delivery, and mCP with A2iA Mobility is the ideal solution to meet this condition, as it allows for the check to be processed offline, from anywhere on the handset, and for the driver or technician to determine a check’s negotiability at the point-of-presentment,” said Richard Leirer, VP of Sales & Marketing at Jaguar Software. “Once captured, the payment information is updated directly within the organization’s accounts receivable system, ensuring funds are deposited by end-of-day, and that the payments and invoices are balanced without any manual processes.”
Simple & Scalable, Customizable for your Organization
The driver or field agent opens the mCP app on the mobile device and selects the invoice associated with the delivery or service from a drop-down menu. No sign-in is required.
The driver takes a photo of the front and back of the check or multiple checks in the transaction. All fields are automatically extracted, and all image quality and image usability analysis is performed directly on the handset, without the need for a data connection or Wi-Fi. Immediately, at the point-of-presentment, the driver knows if the check is negotiable and meets Check21 requirements.
When the driver clicks submit, the data is transmitted to the workflow engine and the organization’s accounts receivable system is updated.
All funds are balanced by close of business, and the risk for lost checks is eliminated. Without any manual data-entry, invoices and payments are matched and key data from the checks is automatically located and extracted.
An electronic deposit file is created for transmission to the Federal Reserve Bank.
A text message receipt can be sent, and an email deposit report generated.
mobile Check Payments (mCP), powered by A2iA Mobility™, is available through Jaguar Software within the United States and Canada. For more information contact Richard Leirer at 888-557-6475 extension 706.
For more than 24 years, A2iA has been committed to the research and development of its handwriting recognition and document classification solutions to create more efficient ways for organizations to improve business intelligence. Available in 36-country versions and 7-languages, A2iA’s award-winning toolkits are trusted worldwide to streamline document workflows and reduce the need for data-entry throughout industries such as banking/finance, healthcare, insurance, government, and service bureaus/outsourcing firms. For more information, visit www.a2ia.com or call +1 917-237-0390 within the Americas, or +33 1 44 42 00 80 within EMEA or Asia.
About Jaguar Software
Jaguar Software is an independent software developement company focused on all aspects of check processing. Jaguar implemented it’s first image based check processing system at a community bank in 1998. Since then Jaguar has continued to developed a complete line of check processing software solutions for any size business or agency handling checks or payments. Products include a complete Check21 systems, image ATM Deposit Automation, and several options for Remote Deposit including thick client, web based, and mobile solutions for financial instutions. Jaguar also offers a full featured remittance processing solution that can be utilized as a lockbox system or as a traditional remittance processing system by government agencies, utilities and other organizations that handle payments. For more information visit www.jaguarsoftware.com or call Richard Leirer at 888-557-6475 extension 706.