Parascript, LLC and VSoft Corporation today announced that Synergent, a leading item and data processing services provider to northeast regional credit unions, eliminated costs associated with manual item capture, processing and delivery, including courier services, with VSoft's Branch Capture product that includes Parascript's check recognition technology. Synergent was further able to expand its client base by eliminating geographic restraints inherent in manual items processing and delivery operations.
Branch Capture allows Synergent's credit union clients to capture check images and data with small desktop scanners at the branch level. The images and MICR data are then sent electronically to a central location, eliminating the need to physically transport paper checks. The Branch Capture product uses Parascript's Courtesy Amount/Legal Amount (CAR/LAR) recognition technology to automatically read the amounts on checks, reducing the amount of intervention and keying required by tellers.
