Briefs

December 07, 2005. VSoft Corporation Announces Availability of Check Data Mining; Technology Automates Data Capture Process, Improves Check Processing Procedures

ATLANTA--(BUSINESS WIRE)--Dec. 7, 2005--VSoft Corporation, a global information and technology provider of process improvement tools for financial institutions, announced the availability of its Check Data Mining application. This application automates the process of capturing data from presented items by reducing the amount of user-data entry, and provides real-time tracking of item volumes, recognition statistics, and operator activities.

For each item processed, operators refer to images of the item and enter the date, payee name, and expense code. The system tracks unreadable items for review and repair, and automatically populates consistent fields, such as the Institution and Business Date fields, to expedite data entry. The Check Data Mining application employs Intelligent Character Recognition (ICR) to automatically recognize hand-printed characters, as well as a Payee Dictionary that tracks the most recent date on which a check was processed for each payee. The system also performs auditing and daily clearing functions based on user-defined criteria, scheduling, and parameters.

Here is the rest of the story.