SignCheck - Benefits

SignCheck® closes the last gap in the automation of payment processing with automatic signature and check stock verification that offers unparalleled levels of reliability. Unlike visual verification, automatic signature and check stock verification is reliable, accurate and scalable.

SignCheck® incorporates analytical knowledge from a team of highly-sophisticated forensic writing experts. Their experience was reflected in the training of the neural network and the fuzzy logic in SignCheck®. Fraud Specialists are able to focus on questionable items only, eliminating traditional “needle in a hay stack” analysis. Verification thresholds can be lowered to high fraud areas to optimize fraud detection.

Results of all workflow processes are stored in a result file and may be directly used by other systems processing (storage in payment image archives, merging with debiting checks).

• SOFTPRO's customers process most of their transaction items automatically, thanks to ongoing optimization of reference data, forms and the workflow itself.
• SignCheck® is scalable to process almost any number of transactions within a given operating window. Scalability is achieved through the addition of hardware and no code changes are required.
• SignCheck® provides audit security to meet Basel II requirements: Verification results are completely documented and may be reproduced at any time.

SignCheck® extracts and weighs 60 different primary and 500 secondary static signature characteristics and combines them in parameter vectors. After calculation, a neural network is used to define the level of similarity between a signature and a reference. The natural variation of a signature is taken into account throughout the comparison.

Check value may be used to set thresholds for verification. These settings may be adjusted daily, depending on changing security requirements.

SignCheck® has proven its technological leadership in independent vendor tests with impressive results. Recently, SignCheck ® successfully passed a qualification test held by key financial institutions in the United States and was ranked best in its class.

Since the parameters of workflow and verification procedures can be configured and customized, and because SignCheck® supports multiple banks, it is the perfect fit for both insourcing and outsourcing scenarios. This gives you the flexibility to adapt quickly to eventual business changes.

The first version of SignCheck® premiered in 1994 at Credit Suisse. Today many banks world wide are using this SignPlus® module including Barclays, Citigroup, Discover Financial, HypoVereinsbank, JPMorgan Chase and OCBC (>> SOFTPRO Customers). Millions of checks and transaction documents are verified automatically each working day (>> SOFTPRO Facts & Figures).

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