Chesapeake System and A2iA team on bank payment fraud prevention

Source: Chesapeake System Solutions

Chesapeake System Solutions, a provider of integrated financial governance, risk management and compliance software solutions to the world's foremost enterprises, announced today at the BAI Payments Connect Conference & Expo in Kissimmee, Fla. that it has integrated A2iA 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 will exhibit all three days of the conference, March 1-3, during scheduled Expo hours.

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-Recs Enterprise'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's precision-engineered advanced image analysis and proprietary recognition engines offer fast read-rates and unparalleled accuracy, which complement the functionality T-Recs Enterprise offers."

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