Salt Lake City-based Zions Bancorporation has implemented Orbograph's (Billerica, Mass.) Automation 08 recognition services within its POD workflow. Orbograph develops recognition solutions for check processing.
At Zions, the Automation 08 service is part of an implementation for regional capture centers running the Metavante Image Solutions' VisionIP image capture platform. According to Orbograph, the Automation 08 recognition service enables financial institutions and service bureaus to approach straight-through-processing (STP) levels of efficiency and targets automation levels of 98 percent with 99 percent accuracy. Operationally, this solution will eliminate all but 2 percent of the Amount Field data entry requirements for Zions. It will also significantly reduce balancing costs by attaining 99 percent accuracy, says the company.
Peggy Bresnick Kendler has been a writer for 30 years. She has worked as an editor, publicist and school district technology coordinator. During the past decade, Bresnick Kendler has worked for UBM TechWeb on special financialservices technology-centered ... View Full Bio