ParaScript, a company specializing in AI-powered document processing, has launched an embedded signature verification solution designed to enhance check security and prevent fraud at the point of presentment across various banking channels.
The new patented technology securely places a customer’s verified signature on each check in a protected, hidden format. This enables instant, on-check signature verification at the moment of presentment, allowing financial institutions to intercept fraudulent activity before financial losses occur. The system is applicable across ATMs, teller lines, kiosks, remote deposit capture (RDC), and high-speed processing environments.
Historically, financial institutions have relied on archived data, such as signature cards or previously processed documents, for signature verification. ParaScript’s solution aims to provide faster verification, reduce processing delays, improve the accuracy of fraud detection, and minimize reliance on external databases. These capabilities are intended to strengthen trust and protect customers from fraudulent activities.
The solution operates by securely embedding a customer’s verified signature in an encrypted, invisible format onto every check during the initial checkbook issuance. When a check is subsequently processed, the embedded signature is automatically extracted and decoded by specialized verification software. This process facilitates an instant comparison with the signature handwritten on the document. Advanced AI models analyze the handwritten portions, evaluating the probability that a signature matches the embedded reference and flagging any discrepancies for further review. The embedded and invisible nature of the data prevents it from being copied, altered, or exploited by fraudsters.
Emiliano Giacchetti, CEO of ParaScript, stated, “Fraud schemes are becoming more complex, and financial institutions need tools that provide both security and efficiency. Our embedded signature verification solution gives financial institutions a secure, real-time method to confirm signatures, protecting clients while enabling smoother, more confident check processing.”The embedded signature verification capability will be offered as an add-on module within SignatureXpert.
AI®, ParaScript’s existing signature forgery detection software. The product is available for immediate implementation by financial institutions. ParaScript develops AI-powered recognition solutions that process over 100 billion documents annually. The company serves financial institutions, government agencies, and corporations in the US, Europe, Latin America, and Australia, helping them automate document processing, improve efficiency and accuracy, and reduce costs.
