Navigation Links
Parascript Signature Verification Technology Used by Moscow Law Firm to Detect Signature Fraud in $160,000 Debt Collection Case
Date:6/22/2009

-- Results from Parascript SignatureXpert confirm that signatures on financial documents were fraudulent, and enabled the Arbitration Court of Moscow to initiate forensic examination and expert study --

BOULDER, Colo., June 22 /PRNewswire/ -- Parascript, LLC, the image analysis and pattern recognition technology provider, today announced that it has partnered with the Moscow Law Firm "Gareev, Muslov, and Partners" to implement Parascript SignatureXpert software in formal arbitration proceedings. Recently, Parascript's signature verification software was used to detect fraudulent signatures on certain financial documents in a major debt collection case in Moscow, Russia leading to the recovery of $160,000 from fraudulent activity related to the delivery of saw-timber materials.

SignatureXpert analyzed and verified suspect signatures against proven, valid signatures from job applications, labor agreements, invoices, and other documents. Advanced verification technology and a unique methodology proposed by Parascript's specialists were applied to execute graphology analysis and detect forgeries on suspect documents. The result of the analysis confirmed that signatures on certain financial documents were fraudulent. The Moscow Court determined that these results provided conclusive proof for initiating subsequent forensic examination and expert study in the Russian Federal Center of Forensic Sciences under the Ministry of Justice of the Russian Federation.

"The forensic study confirmed the signature verification results and conclusions obtained by SignatureXpert. Results of the forensic expertise were used as evidence and served as the basis for the decision of the Arbitration Court of Moscow to proceed with the $160,000 debt collection case," said A. Gareev, chairman of the law firm. "We are very pleased with the accuracy and reliability delivered by Parascript's signature authentication technology."

SignatureXpert leverages artificial intelligence and exploits the most comprehensive and advanced methods available in the art of signature verification. Automatic comparison is executed by a powerful combination of verifiers. In particular, the technology combines a human-like holistic analysis of signature segmentation with a subsequent analysis of the signature elements and characteristics.

"The growth of fraud through forgery has become one of the biggest security problems challenging almost any large, modern organization, including insurance companies, banks, and other financial and government institutions. We are proud to partner with Moscow Law Firm 'Gareev, Muslov, and Partners' to respond to their need to support arbitration proceedings," said Mike Fenton, vice president sales and operations for Parascript. "This marks another successful international application of our universal signature verification technology, already being used in the United States, United Kingdom, United Arab Emirates, Zimbabwe, and other countries to detect forgeries on financial documents and mail-in ballots."

About Parascript, LLC

The Parascript image analysis suite extracts meaningful information from images. Employing patented digital image analysis and pattern recognition technologies, the Parascript image analysis suite improves decision quality in medical imaging, postal and payment automation, fraud detection, and forms processing operations. Parascript software processes over 100 billion imaged documents per year. Fortune 500 companies, postal operators, major government, and financial institutions rely on Parascript products. Organizations include the U.S. Postal Service, Bowe Bell + Howell, CheckFree - now part of Fiserv, Elsag, Lockheed Martin, NCR, Siemens, and Unisys. Parascript is online at http://www.parascript.com.

About Gareev, Muslov, and Partners

Moscow Law Firm "Gareev, Muslov, and Partners" provides legal services to businesses in Russia and represents clients' interest in courts of all instances. Knowledge of the law, high qualifications, and experience in conducting trials enable unconventional approach to judicial proof issues required by the customers. Clients include Russian and Forbes 500 international companies.


'/>"/>
SOURCE Parascript, LLC
Copyright©2009 PR Newswire.
All rights reserved

Related biology news :

1. Entrust Digital Signatures Help Secure More Than 18 Million U.S. ePassports
2. Genes selective signature aids detection of natural selection in microbial evolution
3. 2008 Signature Genomic Laboratories Travel Award presented
4. Dartmouth researchers discover gene signatures for scleroderma
5. Cancer signatures uncovered
6. CIC Teams With Industry Leader iPipeline to Provide Electronic Signature Platform to the Nations Top Insurance Carriers
7. Scientists make strides toward defining genetic signature of Alzheimers disease
8. CIC to Host Webinar Featuring Independent Research Firm: Enabling Straight Through Processing - Why the Insurance Industry Needs Electronic Signature Technology
9. Stroma genomic signature predicts resistance to anthracyclin-based chemotherapy in breast cancer
10. CHIs 5th Biomarker World Congress: Signature Event with Cutting-Edge Agenda
11. 2009 Signature Genomic Laboratories Travel Award winner announced
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/16/2017)... 16, 2017   Bridge Patient Portal , ... MD EMR Systems , an electronic medical ... GE, have established a partnership to build an ... the GE Centricity™ products, including Centricity Practice Solution ... These new integrations will allow healthcare delivery ...
(Date:4/17/2017)... -- NXT-ID, Inc. (NASDAQ: NXTD ) ("NXT-ID" or ... 2016 Annual Report on Form 10-K on Thursday April 13, 2017 ... ... Investor Relations section of the Company,s website at http://www.nxt-id.com  under ... http://www.sec.gov . 2016 Year Highlights: ...
(Date:4/11/2017)... 11, 2017 No two people are ... the New York University Tandon School of Engineering ... found that partial similarities between prints are common ... mobile phones and other electronic devices can be ... vulnerability lies in the fact that fingerprint-based authentication ...
Breaking Biology News(10 mins):
(Date:7/17/2017)... Doylestown, Pa. (PRWEB) , ... ... ... leading provider of technology-enabled clinical trial solutions, today announced safety software company ... channel within the eHealth Solutions business segment to advance technology innovation across ...
(Date:7/17/2017)... Utah (PRWEB) , ... July 17, 2017 , ... ... molecular diagnostics company that has developed and intends both to manufacture and sell ... trading on the NASDAQ Capital Market. , Headquartered in Sandy, Utah, Co-Diagnostics’ intellectual ...
(Date:7/15/2017)... ... July 15, 2017 , ... Cuvette manufacturer FireflySci ... During this time, the people at FFS have learned that their biggest asset was ... FFS are able to launch new products to meet the changing needs of scientists ...
(Date:7/14/2017)... Belgium/ Denville, USA/ Martinsried, Germany (PRWEB) , ... ... ... announced a newly developed standardized solution for sample preparation of proteins to clean ... and the Diagenode Bioruptor® sonication system. , The PreOmics iST Kit is ...
Breaking Biology Technology: