Navigation Links
Parascript Signature Verification Technology Used by Moscow Law Firm to Detect Signature Fraud in $160,000 Debt Collection Case

-- 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

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:
(Date:10/29/2015)... ARBOR, Mich. , Oct. 29, 2015 /PRNewswire/ ... Eurofins Genomics for U.S. distribution of its DNA ... DNA-seq kit and Rubicon,s new ThruPLEX Plasma-seq kit. ... to enable the preparation of NGS libraries for ... plasma for diagnostic and prognostic applications in cancer ...
(Date:10/27/2015)... , Oct. 27, 2015 In the present ... of concern for various industry verticals such as banking, ... to the growing demand for secure & simplified access ... ,sectors, such as hacking of bank accounts, misuse of ... equipment such as PC,s, laptops, and smartphones are expected ...
(Date:10/26/2015)... LAS VEGAS , Oct. 26, 2015 ... an innovator in modern authentication and a founding member ... launch of its latest version of the Nok Nok™ ... to use standards-based authentication that supports existing and emerging ... Suite is ideal for organizations deploying customer-facing applications that ...
Breaking Biology News(10 mins):
(Date:11/24/2015)... , Nov. 24, 2015 HemoShear Therapeutics, ... discovering drugs for metabolic disorders, announced today the ... its Board of Directors (BOD). Mr. Watkins is ... Human Genome Sciences (HGS), and also served as ... Jim Powers , Chairman and CEO of ...
(Date:11/24/2015)... , November 24, 2015 , ... in a European healthcare ... the companies will work closely together in identifying European breakthrough ... medical need. The collaboration is underpinned by a significant investment ... This is the first investment by Bristol-Myers Squibb in a ...
(Date:11/24/2015)... According to two new studies, fewer men are ... that many doctors, scientists, and public health experts have been ... PSA tests being done, will there be more men dying ... Samadi, "Despite the efforts made in regards to early ... cancer cause of death in men, killing approximately 27,500 men ...
(Date:11/23/2015)... THOUSAND OAKS, Calif., Nov. 23, 2015   Ceres, ... company, announced today financial results for the fiscal year ... its business. --> --> ... on commercializing forage and feed products with a better ... the company signed distribution agreements with several leading crop ...
Breaking Biology Technology: