Parascript has announced the new release of SignatureXpert, an automated signature verification engine that processes signatures with higher accuracy to prevent fraud.

SignatureXpert 5.1 universal locator capabilities enable it to be leveraged by Parascript partners in locating one or more signatures and reliably extracting these in situations where the signature location changes based upon the cheque format. With these capabilities, SignatureXpert supports the back office signature verification process needs of banks, financial institutions and corporations worldwide.

Using a single SignatureXpert API, Parascript system integration partners can now quickly fine-tune cheque parameters such as the signature coordinates, the number of signatures to extract, and where multiple signatures are located in relationship to each other to verify signatures on cheques anywhere in the world.

SignatureXpert also offers pre-tuned parameters to accurately locate and verify signatures on cheques from fourteen countries: Argentina, Australia, Brazil, Canada, the Dominican Republic, France, Ghana, India, Kenya, Malaysia, Mexico, Thailand, the United Arab Emirates, and the United States. The software requires no tuning or parameters set by the user on the unique cheque formats for these countries.

“With SignatureXpert’s new universal capabilities, system integrators everywhere can access our highly accurate signature verification capabilities in a single SDK. Parascript partners can automatically authenticate high volumes of signatures for successful cheque fraud prevention. They can do this no matter what type of cheque they’re processing,” said Greg Council, Vice President of Marketing and Product Management.

The signature authentication benefits of SignatureXpert include the ability to:

• Locate and verify signatures automatically at a faster and more efficient rate than humans with higher accuracy.
• Provide double verification of signatures for increased accuracy when manual verification is necessary.
• Ensure significant cost savings, greater efficiency and reliability through automating manual signature verification processes.

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