NEW YORK & PHOENIX--(Viewpointe®, a leading provider of electronic content and exchange solutions and services, today announced that the United States Patent and Trademark Office has issued United States Patent Number 8,320,635 to the company for its image quality invention. The patent covers the proprietary technology, methodology and system to centrally monitor the quality of images of financial documents.)--BAI Payments Connect -
“Combining proprietary technology with our best-in-class exchange solutions, we are able to offer customers complete end-to-end check image clearing, settlement and risk management solutions that are truly unique in the industry.”
Viewpointe’s latest patent offers financial institutions a way to monitor and evaluate the quality of images of financial documents stored for remote access. It also provides the capability for a centralized image storage facility to grant a responsible financial entity access to the images in order to make decisions based on the results of a quality analysis.
“This patent approval is a major milestone in Viewpointe’s commitment to provide innovative exchange and settlement solutions to our customers,” said William Shute, Viewpointe senior vice president, product. “Combining proprietary technology with our best-in-class exchange solutions, we are able to offer customers complete end-to-end check image clearing, settlement and risk management solutions that are truly unique in the industry.”
The patent facilitates the process of institutions exchanging images in place of paper documents for monetary transactions (e.g., checks) by analyzing and identifying suspect images. Since the legislation of Check 21, financial institutions have been relying on image presentment and clearing. With large number of images stored, sent and received at remote locations (clearing agents and contractors) as well as by banks, analyzing the quality of images is imperative.
Viewpointe offers end-to-end check image exchange, clearing and settlement services for institutions of all sizes. Founded by financial institutions for financial institutions, Viewpointe helps organizations address their check clearing needs through its stable, secure and price-competitive image exchange network. In 2012, Viewpointe exchanged more than 3.7 billion items; our National Settlement System settled $6.2 trillion.
Viewpointe® is a leading provider of multibank infrastructure solutions for customers ranging from credit unions to Fortune 100 financial institutions. With one of the largest national archives of check images and digital information in a private cloud environment, Viewpointe offers archive capabilities, end-to-end check image exchange clearing and settlement and Automated Clearing House association services. Bank Technology News named Viewpointe one of the top innovators of 2008, an annual ranking of the 25 most advanced people, companies and technologies in financial services. Since 2006, Viewpointe has been named to the prestigious FinTech 100, representing the best of the best in financial technology and service providers. For more information, please visit http://viewpointe.com/.