Parascript Releases New Check Recognition Solution, Elevates Industry Standards for Security, Accuracy

Recognition Technology Expert's CheckPlus(TM) 2.0 Software Boasts

Stronger Read Rates, a New Software License Protection Manager

And Support for Microsoft(R) Windows(R) 2000 and Windows Me



Apr 02, 2001, 01:00 ET from Parascript, LLC

    ORLANDO, Fla. and BOULDER, Colo., April 2 /PRNewswire/ -- Parascript LLC,
 a provider of recognition technology designed to convert information contained
 on paper into computer-usable data, has unveiled its CheckPlus 2.0 Total
 Recognition(R) software, the latest version of its popular check and
 remittance processing solution.
     As the newest installment in the product family based on Parascript's
 proprietary Total Recognition technology, CheckPlus 2.0 offers the transaction
 processing industry the most complete solution available for accurate check
 recognition for Proof of Deposit, remittance and other check processing
 applications.  Among the new features Parascript has integrated into the
 product are:
 
     -- Recognition Read Rate Increase - CheckPlus 2.0 strengthens Parascript's
        industry-leading read rates by 3 to 5 percent on handwritten checks
        over version 1.0, offering customers the highest accuracy rates
        available for CAR/LAR recognition.
 
     -- New Software License Protection Manager - Based on customer
        recommendations, and replacing the hardware-based lock used in previous
        versions, Parascript's CheckPlus 2.0 employs a software-based lock for
        license protection.  Parascript is one of the first to market with a
        new software license protection manager, making it easier for partners
        to integrate CheckPlus 2.0 into their application.
 
     -- Check Date Recognition - Providing customers with the power to process
        checks on a first-in/first-out basis, CheckPlus 2.0 locates and
        recognizes the data contained in the date field on both personal and
        business checks.  The product's date recognition feature also enables
        customers to schedule and process postdated checks.
 
     -- Signature Presence - CheckPlus 2.0 determines the presence of a
        signature on the front of personal and business checks.  This feature
        provides initial approval for check cashing on ATMs and assists in
        preventing check fraud.
 
     -- Support for Windows 2000 and Windows Me - Addressing the needs of
        customers who have upgraded their systems to Windows 2000 and Windows
        Me, CheckPlus 2.0 has been optimized to support these popular Microsoft
        platforms.  Parascript's new release also supports Windows 98 and
        Windows NT.
 
     "Our goal with CheckPlus 2.0 is to strengthen the trusted reputation we
 developed with our original solution by implementing functionality that
 further streamlines the automated check recognition process," said
 John Unoski, general manager of Parascript's Total Recognition Products.  "By
 offering higher read rates, signature presence recognition and the ability to
 process checks by date, CheckPlus 2.0 not only meets current market demands,
 but also provides enabling technology to further automate manual check
 processing tasks and reduces costs."
     Parascript's CheckPlus software is based on the company's core Total
 Recognition technology, which is the unique solution that recognizes all
 character types -- cursive, handprint and machine print.  Currently,
 Parascript's Total Recognition technology recognizes more than 68 million
 documents daily for organizations that include the U.S. Postal Service, Chase
 Manhattan Bank, Wachovia Bank and ALLTEL.
     CheckPlus 2.0 will be available to customers in May 2001.
 
     About Parascript LLC
     Parascript's Total Recognition(R) technology automatically converts
 paper-based information on forms and checks into computer-useable data.  It is
 the only complete technology that recognizes all character types -- cursive,
 handprint and machine print -- on all forms, with exceptional accuracy,
 reducing data entry expenses for organizations that use forms to capture
 information.  With Total Recognition technology, companies can turn
 handwritten and print data, even legacy data, into electronic information that
 can be used to power web-based offerings and other e-business initiatives.
 Total Recognition is available in the form of software development kits or
 through Total Recognition Services, Parascript's Internet delivery model
 designed to eliminate recognition infrastructure expenses; and through
 Parascript's partners.  Parascript also customizes Total Recognition
 technology to meet the specific recognition needs of partners and end users.
 
     Total Recognition and CheckPlus are trademarks of Parascript LLC.  All
 other names are trademarks of their respective owners.  For information on
 Parascript's products, contact Parascript Headquarters:  7105 LaVista Place,
 Niwot, CO 80503, 303.381.3100, www.parascript.com.
 
      Visit Us At:
 
      BAI Transaction Processing
      Orlando, Florida
      April 1-3, 2001
      Booth #262
 
 

SOURCE Parascript, LLC
    ORLANDO, Fla. and BOULDER, Colo., April 2 /PRNewswire/ -- Parascript LLC,
 a provider of recognition technology designed to convert information contained
 on paper into computer-usable data, has unveiled its CheckPlus 2.0 Total
 Recognition(R) software, the latest version of its popular check and
 remittance processing solution.
     As the newest installment in the product family based on Parascript's
 proprietary Total Recognition technology, CheckPlus 2.0 offers the transaction
 processing industry the most complete solution available for accurate check
 recognition for Proof of Deposit, remittance and other check processing
 applications.  Among the new features Parascript has integrated into the
 product are:
 
     -- Recognition Read Rate Increase - CheckPlus 2.0 strengthens Parascript's
        industry-leading read rates by 3 to 5 percent on handwritten checks
        over version 1.0, offering customers the highest accuracy rates
        available for CAR/LAR recognition.
 
     -- New Software License Protection Manager - Based on customer
        recommendations, and replacing the hardware-based lock used in previous
        versions, Parascript's CheckPlus 2.0 employs a software-based lock for
        license protection.  Parascript is one of the first to market with a
        new software license protection manager, making it easier for partners
        to integrate CheckPlus 2.0 into their application.
 
     -- Check Date Recognition - Providing customers with the power to process
        checks on a first-in/first-out basis, CheckPlus 2.0 locates and
        recognizes the data contained in the date field on both personal and
        business checks.  The product's date recognition feature also enables
        customers to schedule and process postdated checks.
 
     -- Signature Presence - CheckPlus 2.0 determines the presence of a
        signature on the front of personal and business checks.  This feature
        provides initial approval for check cashing on ATMs and assists in
        preventing check fraud.
 
     -- Support for Windows 2000 and Windows Me - Addressing the needs of
        customers who have upgraded their systems to Windows 2000 and Windows
        Me, CheckPlus 2.0 has been optimized to support these popular Microsoft
        platforms.  Parascript's new release also supports Windows 98 and
        Windows NT.
 
     "Our goal with CheckPlus 2.0 is to strengthen the trusted reputation we
 developed with our original solution by implementing functionality that
 further streamlines the automated check recognition process," said
 John Unoski, general manager of Parascript's Total Recognition Products.  "By
 offering higher read rates, signature presence recognition and the ability to
 process checks by date, CheckPlus 2.0 not only meets current market demands,
 but also provides enabling technology to further automate manual check
 processing tasks and reduces costs."
     Parascript's CheckPlus software is based on the company's core Total
 Recognition technology, which is the unique solution that recognizes all
 character types -- cursive, handprint and machine print.  Currently,
 Parascript's Total Recognition technology recognizes more than 68 million
 documents daily for organizations that include the U.S. Postal Service, Chase
 Manhattan Bank, Wachovia Bank and ALLTEL.
     CheckPlus 2.0 will be available to customers in May 2001.
 
     About Parascript LLC
     Parascript's Total Recognition(R) technology automatically converts
 paper-based information on forms and checks into computer-useable data.  It is
 the only complete technology that recognizes all character types -- cursive,
 handprint and machine print -- on all forms, with exceptional accuracy,
 reducing data entry expenses for organizations that use forms to capture
 information.  With Total Recognition technology, companies can turn
 handwritten and print data, even legacy data, into electronic information that
 can be used to power web-based offerings and other e-business initiatives.
 Total Recognition is available in the form of software development kits or
 through Total Recognition Services, Parascript's Internet delivery model
 designed to eliminate recognition infrastructure expenses; and through
 Parascript's partners.  Parascript also customizes Total Recognition
 technology to meet the specific recognition needs of partners and end users.
 
     Total Recognition and CheckPlus are trademarks of Parascript LLC.  All
 other names are trademarks of their respective owners.  For information on
 Parascript's products, contact Parascript Headquarters:  7105 LaVista Place,
 Niwot, CO 80503, 303.381.3100, www.parascript.com.
 
      Visit Us At:
 
      BAI Transaction Processing
      Orlando, Florida
      April 1-3, 2001
      Booth #262
 
 SOURCE  Parascript, LLC