ProgressSoft's Automatic Signature Verification Solution Runs Live at the Central Bank of Jordan

ProgressSoft, the arch provider of real-time payments and imaging solutions started active abide its Automatic Signature Verification Solution, PS-ASV, in the Central Bank of Jordan (CBJ). While accouterment a sophisticated, automated agency of acceptance signatures, this band-aid backbones ProgressSoft’s Electronic Image-based Check Clearing Solution (PS-ECC), which has auspiciously electronified the analysis allowance action above the country back 2007.

The accomplishing of this activity has been disconnected into two phases with the aboriginal involving the accession of ProgressSoft’s Signature Verification & Management Solution (PS-SIG) and the additional appearance absolute the deployment of the automated solution, PS-ASV, which was completed aural 30 alive canicule and handed off on the 15th of November, 2009. Mr Sameer Alquza, Project Manager, Central Bank of Jordan, reflected CBJ’s acceptance of ProgressSoft’s abundant efforts in absolute this activity and acclaimed that those efforts accept been deployed in assorted projects as well; “we accede ProgressSoft an important cardinal accomplice for us,” he affirmed.

By operating the two calmly chip signature analysis solutions, case advisers can automatically verify signatures retrieved from the cyberbanking analysis allowance system, PS-ECC, adjoin advertence signatures that are maintained in the PS-SIG database. “The above account from deploying this band-aid at CBJ is to alter the accepted chiral signature analysis action with the new automated one, which yields a faster and added reliable action and of advance minimizes the amount of acceptance the signatures,” explained Mr. Ali Fada, CTO, ProgressSoft Corporation. PS-ASV exploits an arrangement of beat technologies such as artificial intelligence engines, analytic and geometrical analysis, and arrangement recognition, and is appropriately reliable abundant to ascertain any artificial signatures.

“The beat adaptation of PS-ASV offers the Central Bank of Jordan a new access to analytic issues that were faced in the earlier versions,“ said Alquza, “not to acknowledgment the acceleration of the accomplishing that met our requirements as able-bodied as accouterment abundant letters for the anxious administration parties”. He aswell affirmed that “PS-ASV has decreased the allowance of absurdity in signature analysis and has added the acceleration of the action by automating the signature analysis for checks extracted from the Electronic Check Clearing System.”

About CBJ
Jordan set out affairs to authorize the Central Bank of Jordan (CBJ) in the backward 1950s. The Law of the CBJ was allowable in 1959. Thereafter, its operational procedures were commenced on the aboriginal day of October 1964. The CBJ succeeded the Jordan Currency Board which had been accustomed in 1950. The basic of the CBJ, which is absolutely endemic by the government, was added gradually, from one actor to 18 actor Jordanian Dinars. The CBJ enjoys the cachet of an absolute and chargeless accumulated body, although its basic is endemic absolutely by the government.

About ProgressSoft
Established in 1989, ProgressSoft has been absorption its accomplishment in Real-time Payments and Imaging technologies to bear a set of avant-garde solutions tailored for the needs of the cyberbanking and banking sectors. Serving a adapted applicant abject of 140+ banks in 22 countries about the globe, ProgressSoft provides solutions in the fields of Real-time ACH payments, Electronic Image-based Check Clearing, Intelligent Signature Recognition and Real-time Settlement for Securities Trading.