March 12, 2012 – Mt. Prospect, IL and Billerica, MA – Cummins Allison, the leading innovator and provider of coin, currency, and check handling solutions, along with Orbograph, a leading supplier of recognition solutions for the U.S. check processing market as well as paper and electronic payment solutions for healthcare revenue cycle management (RCM), today announced that the revolutionary JetScan iFX™ two-in-one solution for high speed currency and check scanning is now integrated with Orbograph's OrboCAR Accura XV™ check recognition and image quality assurance (IQA) solution. Orbograph was selected as part of Cummins Allison's expansion into check processing solutions for financial institutions, service bureaus and remote deposit capture (RDC) clients.
Accura XV will automate the processing of checks, deposit slips, cash tickets, money orders and other internal documents by reading various fields from these documents using handwriting and machine print recognition technologies. High check recognition rates minimize manual data entry and decrease balancing requirements in branch image capture, teller image capture and merchant deposits for RDC.
Orbograph's 15th anniversary recognition solution, Accura XV, provides unparalleled automation/read rates on small transactions and can also be tuned for increased accuracy levels on large deposits helping to resolve the ongoing problem of balancing large commercial deposits. Coupled with the JetScan iFX device's ability to scan and process cash and checks on a single device, the integrated Cummins Allison and Orbograph solution set will provide unparalleled deposit processing efficiencies.
"Cummins-Allison has a broad base of customers utilizing RDC which can benefit greatly from this solution," stated Rob Klein, Director of Enterprise Solution Design and Integration, Cummins Allison. "Additionally, we believe the financial industry will be one step closer to straight-through-processing by using a single device strategy in deposit processing. We chose Orbograph because they provide an incremental value proposition to our scanners, which is extremely important to us."
"We believe in delivering advanced technologies which streamline the check processing workflow as well as add value to the customer and employee experience," stated Barry Cohen, Co-President for Orbograph. "We are pleased that the Cummins Allison solution will fully utilize the capabilities of our recognition platform for a very unique deliverable."
For more information about Cummins Allison JetScan iFX products, visit http://ifx.cumminsallison.com, and to learn more about Orbograph's OrboCAR Accura XV, visit http://www.orbograph.com/orbocar-accura-xv.htm.
About Cummins Allison
Cummins Allison is a global leader in developing technologies which count, sort and authenticate currency. The U.S.-based company has a 100-year heritage of leadership in technology and product innovation and currently serves the majority of financial institutions worldwide, as well as leading organizations in retail, casinos, law enforcement, and government. The company holds more than 350 U.S. patents and has ongoing research and development (R&D) investments double the industry average. Cummins Allison is headquartered near Chicago, IL with R&D centers near San Diego, CA and Philadelphia, PA and wholly owned subsidiaries in Canada, the United Kingdom, Ireland, Germany, and France. The company also has an extensive sales and service network with more than 50 offices in North America and is represented in over 70 countries. For more information, visit cumminsallison.com.
Orbograph, a subsidiary of Orbotech, is a premier provider of recognition-centric services and software for check processing in the financial industry and end-to-end electronic solutions in healthcare revenue cycle management (RCM). Orbograph technologies are in use in over 1,000 financial institutions, service bureaus and billers processing billions of checks and claims annually. Orbograph solutions are utilized by 20 of the top 30 U.S. financial institutions with in-house check processing. In healthcare payments, Orbograph P2Post™ and Orbograph E2Post™ utilize innovative EOB conversion technologies to automate posting of receivables into practice management systems. Orbograph enables clients to envision more for their organization by reducing costs and managing risk while ensuring that achieving more is a reality.
NOTE: Actual performance may vary according to hardware used, configuration or other factors within your processing environment. Statistics cited in this release do not constitute guarantees of performance. For more information, visit us online at www.orbograph.com.
Carol Moore - Vice President Marketing
Joe Gregory - Vice President Marketing
800-995-2502 Ext. 5046