Chesapeake System Solutions Inc. (www.chessys.com), a provider of integrated financial governance, risk management and compliance software solutions to the world’s foremost enterprises, announced at the BAI Payments Connect Conference & Expo in Kissimmee that it has integratedA2iA CheckReader™, a comprehensive check-processing toolkit, into its T-Recs® Enterprise reconciliation system to offer advanced bank account reconciliation and positive pay functionality.
Chesapeake executives will demonstrate T-Recs Enterprise’s advanced capabilities at Booth #602, Florida Exhibition Halls, Gaylord Palms Resort & Convention Center. Chesapeake exhibited all three days of the conference, March 1–3.
T-Recs Enterprise offers banks a robust, scalable, service-oriented architecture that seamlessly integrates with existing back-office systems. The solution delivers its advanced functionality in a server environment, lowering operational costs and facilitating innovation in the delivery of high-profile, fee-generating cash management services. T-RecsEnterprise’s browser client makes it simple to offer Web-based services to corporate customers and allows banks to do so at a fraction of the cost. T-Recs Enterprise delivers standard (next day and same day), payee, ACH, wire, teller and reverse positive pay services with image integration for initial scrubbing and customer pay/no-pay decisions.
John Snyder, Chesapeake’s Director of Business Development, says, “Intelligently processing check images on a robust reconciliation platform offers an opportunity to close one of the biggest loopholes in payment fraud. A2iA CheckReader offers an unparalleled solution to this complex problem, while T-Recs Enterprise is by far the most advanced reconciliation system on the market today. Bringing together these two solutions yields the perfect technology combination. Banks implementing this system will be able to provide their corporate customers some truly unique services.”
Jean-Louis Fages, A2iA President and Chairman of the Board, shares, “Positive pay is a topic gaining more attention in the industry today, especially as attempts at fraud become more sophisticated. Chesapeake is leading the way in this market niche, and A2iA is proud to partner with such a forward-looking organization. A2iA CheckReader’sprecision-engineered advanced image analysis and proprietary recognition engines offer fast read-rates and unparalleled accuracy, which complement the functionality T-RecsEnterprise offers.”
Chesapeake System Solutions’ T-Recs Enterprise is available as a licensed software offering, a hosted solution, a Software-as-a-Service (SaaS) solution and an outsourced service. The firm’s other financial governance, risk management and compliance software solutions—SmartAnalysis®, SmartTreasury® and Unclaimed Property Compliance System (UPCS®)—also are offered in licensed, hosted, SaaS and outsourced versions. All Chesapeake products are backed by an outstanding customer support team and application-unique training courses designed for every experience level.
About A2iA
A2iA, Artificial Intelligence and Image Analysis, is a software company that operates one of the world’s largest research centers focusing on ways to extract information from everyday paper documents that contain handwritten information. A2iA’s Document Classification, OCR, ICR and IWR technologies have been reducing data-entry costs and improving business process automation for nearly 20 years. A2iA recognition engines can be used to enhance the forms processing, transaction processing, business process management, record-management, e-discovery, content management, document management and knowledge management systems from leading vendors. For more information, please visit A2iA online at www.a2ia.com or call 917-237-0390.
About Chesapeake System Solutions, Inc.
Chesapeake System Solutions is an industry leader in providing integrated software solutions that simplify the complexities of financial and treasury management operations. Headquartered in Owings Mills, Maryland, Chesapeake provides integrated financial governance, risk and compliance solutions to the world’s foremost enterprises. Chesapeake’s integrated suite of software solutions brings visibility and control to the processes of balance sheet reconciliation, risk management and compliance, while intuitive design features simplify financial data reporting, workflow management, financial oversight and close. Since 1993, Chesapeake’s applications have helped national and international organizations of every size improve productivity, lower costs and document compliance with Sarbanes-Oxley, PCI Standards and other regulations.
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