Firm tackles banks’ need for Check 21 compliance with new hardware, software and services.
Unisys unveiled a check imaging and processing system aimed at helping
financial services firms comply with the new Check 21
legislation.
Check 21, or the U.S. Check Clearing for the 21st Century Act,
mandates that banks accept image replacement documents (IRD) or electronic
images of checks in addition to paper checks. It goes into effect in
October.
The Unisys system, called NDP Quantum Series, consists of hardware,
software and services all aimed at ensuring banks can image their checks quickly
and securely, while reducing the chances of fraud.
The NDP Quantum Series includes check data recognition software for
reducing rejects and streamlining exception item recognition, Unisys said. It
also includes Check 21 image quality flags that identify items with potential
readability problems so an operator can review and correct information.
The system also includes digital signature recognition technology, to
combat fraud, and design changes to Unisys’s legacy check imaging system that
reduce jams and downtime, including a “resume flow” switch to restart
post-exception processing quickly. The system also comes with front and rear
upstream image cameras.
Available immediately, the NDP Quantum Series ranges in price from
$65,000 for an entry-level 200 dpm model to $250,000 for a fully configured 600
dpm system.
For more information, visit Unisys here.
