SOURCE: Orbograph

Orbograph

October 13, 2015 09:00 ET

Orbograph Announces Pre-Release of OrboAnywhere™ at BAI Retail Delivery 2015

Multi-Channel, Real-Time Image Validation Targeted Toward Self Service Devices

LAS VEGAS, NV--(Marketwired - October 13, 2015) - BAI RETAIL DELIVERY 2015 - Orbograph, a premier supplier of recognition solutions for the U.S. check processing market as well as electronic/paper automation solutions in healthcare revenue cycle management (RCM), announced today that the company is demonstrating a pre-release of OrboAnywhere™ at BAI Retail Delivery 2015.

OrboAnywhere is an evolution in recognition technology; automatically validating the negotiability of paper-originated items for any self-service or POS channel within the Omnichannel of a financial institution. OrboAnywhere provides a consistent client experience across multiple platforms including self-service kiosks, concierge tablets, mobile devices, ATMs, video tellers, point of sale devices and remote deposit capture.

Automated system logic identifies operational, fraud and compliance risk scenarios as items are scanned, processed and cashed or deposited from self-service workflows. Over twenty newly developed, real-time scenario scores are generated from enhanced field-level recognition to protect transactions systematically rather than requiring human review or approval. Examples include: Identification of 3rd party checks, cashed checks and illegal documents, amount errors, ambiguities and high dollar risk, signature, endorsement and quality issues, payor and payee comparisons as well as use of negative lists, locational decisioning with check vs. device, stale and post-dated checks and anti-money laundering.

Barry Cohen, Co-President of Orbograph, stated, "As the marketplace has adopted self-service devices, there is a growing need for a consistent client experience. OrboAnywhere emulates the human review process of paper-originated transactions and flags items with risk of errors, fraud or compliance."

About Orbograph

Orbograph (www.orbograph.com), a subsidiary of Orbotech, is a premier provider of recognition services and software for check processing in the financial industry and electronic/paper automation solutions in healthcare revenue cycle management (RCM). Orbograph technologies are in use in over 1,500 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 facilitate and streamline the processing of payments and to automate the posting of receivables into practice management systems. Orbograph enables clients to envision more for 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.

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