VICOR, Inc.

Image IVS

While Check 21 has created many opportunities, it has also created an image integrity challenge for the payments industry. Today, there is no industry-wide solution which can certify and manage the validity and quality of an image. Yet the need for banks to efficiently verify the usability of images has never been more important since exposure to risks such as liability, fraud, the inability to recover Day 2 images, and compliance/privacy issues have increased. VICOR’s Image IVS is an industry-wide approach to image quality and usability that focuses on problem prevention, not just detection, and is image source independent.

There is tremendous overhead in performing thorough and repetitive image usability analysis for check volumes and other image-based applications of most banks. Many banking applications – check image exchange, point of capture validation, fraud detection, risk mitigation, data mining, payee recognition, MICR encoding verification, digital signature stamping, snippet routing, and compliance reporting – can take advantage of a single IQA/IUA solution to directly access and manage check images and data in support of their image services. VICOR’s Image IVS analyzes each image once to suit these many purposes, thereby reducing the need to perform usability analysis on large image volumes over and over again.

Utilizing a web-services oriented architecture, we designed Image IVS to be multi-purpose, with highly scalable parallel processing flexibility—for internal lockbox and remittance processing applications, other banking processes within the enterprises’ payments infrastructure, for distributed corporate capture solutions, and across the industry via a consortium of image exchange partners. The solution requires minimal integration and supports multiple capture devices.

VICOR’s Image IVS reengineers how images are managed by replacing different and often disjointed IQA systems and reducing system administration costs. The application allows efficient image usability verification across the payments enterprise with many benefits.