RANCOCAS, N.J., May 15, 2014 /PRNewswire/ -- SQN Banking Systems (sqnbankingsystems.com), a leading provider of integrated fraud detection and process improvement products for the financial industry, today introduced its latest application designed to save financial institutions from write-offs and loss.
SENTRY: Content™ enables financial institutions to confirm that presented checks are legally valid instruments by automatically scanning each check to ensure that fields are complete, the check is signed, and the dollar amounts match.
"Whether a check is incomplete or unsigned or clearly indicates fraud, the financial institution needs to know quickly and easily," said Joe Uhland, President of SQN Banking Systems. "By going beyond manual examination to automatically review the written portions of every check image, SENTRY: Content streamlines the process, increases accuracy, and helps reduce losses for the bank."
Using SQN's unique extraction techniques in concert with intelligent character recognition (ICR) and optical character recognition (OCR) software, SENTRY: Content detects handwritten and machine printed data. That allows the application to not only verify that all fields have been completed, but also to examine dates for post-dating or if a stale date has been entered; detect discrepancies between legal and courtesy amounts; and confirm that the account number, check number and barcode matches the MICR data.
Anyone interested in learning more about SENTRY: Content is invited to visit sqnbankingsystems.com, or to call SQN at 888-744-7226.
About SQN Banking Systems
For more than 30 years, SQN Banking Systems has provided innovative fraud detection products to the financial industry. The SENTRY suite includes real-time fraud analysis, exception item processing, image fraud detection, transaction analysis, automated and visual signature verification, official check verification, and safe deposit management. For more information, visit us at sqnbankingsystems.com.
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