The agreement adds Mitek’s ImageNet payments check engine platform to AnyDoc’s Infiniworx solution for automated remittance, check, and Check 21 processing.
According to said Mitek Systems, AnyDoc’s use of the Mitek ImageNet payment platform enables the data elements of a check image to be automatically captured, eliminating the need for operators to hand-key the check data. It is able to read and accurately interpret the MICR symbols and font used to designate bank account number, check number and routing number.
In addition, the Mitek ImageNet payment platform recognizes numeric and written values – commonly known as courtesy amount recognition/legal amount recognition (CAR/LAR) – on a check for validation and data accuracy. The data captured by the Mitek ImageNet payment platform can then to be used to incorporate automatic database lookups and the auto-population of additional customer information, without human intervention.
The check is then processed to capture the account number, check number, check amount and MICR, and the remittance is processed for the details utilizing AnyDocRemit, allowing the remittance statement detail to be more accurately captured and overall processing speed increased. Checks can be virtually endorsed and electronically deposited remotely according to Check 21 specifications, said Mitek Systems.
Charles Jackson, founder and CEO of AnyDoc Software, said: This feature alone has the potential to eliminate the labor it now takes to burst checks from the remittance pages, especially when you have tens of thousands of checks to deposit quickly. The Mitek ImageNet payment platform rounds out our complete document processing solution for accounting. Users will benefit by eliminating the need to hand-key check data and most of the time-consuming manual verification process that was required before an accurate deposit could be made. Now check data can be captured automatically and deposits made without leaving one’s desk.
