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Standard Register Partners with A2iA

Press release from the issuing company

DAYTON, Ohio--Feb. 28, 2002--Standard Register Document Systems announces today that it has entered into an agreement with A2iA to incorporate the A2iA CheckReader CAR/LAR software engine into Standard Register's Remittance Processing products. A2iA is a world-leading developer of Intelligent Character Recognition (ICR) software applications designed for cursive, unconstrained and constrained handwriting and machine print reading. This technology provides process automation through the ability to read the values of checks without operator intervention, facilitating the preparation of bank-ready deposits quickly and accurately. Pre-process mail sorting and operator amount key entry can be automatically checked for accuracy or eliminated entirely. Standard Register's Remittance Processing solutions have been helping companies achieve accurate process automation for years, and by adding the A2iA CheckReader, the value proposition increases. Supplementing check reading with the added capability of interpreting other data fields on the check or remittance stub creates a competitive advantage. "This is just one of the many process improvements Standard Register offers to meet the payment processing needs of our customers,'' said Tim Spencer, general manager, Document Systems. "This functionality allows them to increase automation within their payment processing operation, while improving accuracy and customer satisfaction.'' Standard Register's image-based remittance processing systems are for customers who process from 10,000 to 300,000 check payments per month. Standard Register's other payment-processing solutions include encoders, endorsers, software, hosted Internet bill/statement presentment, and mailed bill/statement fulfillment. For more information about these solutions, visit the Products and Services section of the company's Web site at: www.standardregister.com.