Navigation Links
Parascript Signature Verification Technology Used by Moscow Law Firm to Detect Signature Fraud in $160,000 Debt Collection Case
Date:7/11/2009

-- 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. Parascript Signature Verification Technology Used by Moscow Law Firm to Detect Signature Fraud in $160,000 Debt Collection Case
2. Striata and CIC Launch Integrated eSignature, eDelivery, and eBilling for the Financial Services Industry
3. Striata and CIC Launch Integrated eSignature, eDelivery, and eBilling for the Financial Services Industry
4. 2009 Signature Genomic Laboratories Travel Award winner announced
5. CHIs 5th Biomarker World Congress: Signature Event with Cutting-Edge Agenda
6. Stroma genomic signature predicts resistance to anthracyclin-based chemotherapy in breast cancer
7. CIC to Host Webinar Featuring Independent Research Firm: Enabling Straight Through Processing - Why the Insurance Industry Needs Electronic Signature Technology
8. Scientists make strides toward defining genetic signature of Alzheimers disease
9. CIC Teams With Industry Leader iPipeline to Provide Electronic Signature Platform to the Nations Top Insurance Carriers
10. Cancer signatures uncovered
11. Dartmouth researchers discover gene signatures for scleroderma
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:11/14/2016)... SARASOTA, Fla., Nov. 14, 2016  xG Technology, Inc. ... in providing critical wireless communications for use in challenging ... ended September 30, 2016. Management will hold a conference ... at 5:00 p.m. Eastern Time (details below). ... announced a $16 million binding agreement to acquire Vislink ...
(Date:6/22/2016)... 22, 2016  The American College of Medical Genetics and ... Magazine as one of the fastest-growing trade shows during ... the Bellagio in Las Vegas . ... of growth in each of the following categories: net square ... number of attendees. The 2015 ACMG Annual Meeting was ranked ...
(Date:6/21/2016)... , June 21, 2016 NuData ... the new role of principal product architect and ... the director of customer development. Both will report ... technical officer. The moves reflect NuData,s strategic growth ... response to high customer demand and customer focus ...
Breaking Biology News(10 mins):
(Date:11/30/2016)... 2016 Biotest Pharmaceuticals Corporation (BPC), a leading ... the addition of its newest plasma collection center located ... . The 15,200 square foot state-of-the-art facility officially opened ... brings the total number of BPC,s plasma collection centers ... BPC,s Chief Executive Officer said "We are pleased to ...
(Date:11/30/2016)... -- Tempus, a technology company focused on supporting physicians ... Center have partnered to better determine which patients ... based on next generation genomic and transcriptomic sequencing. ... collaboration, Tempus will provide sequencing and analysis of ... Penn. Utilizing next-generation sequencing, machine learning and bioinformatics, ...
(Date:11/30/2016)... Connecticut , November 30, 2016 ... ... Aptuit, LLC today announced that ... library. An additional 150,000 novel compounds have increased the Screening ... to broaden the hit discovery capabilities of the company. This ...
(Date:11/30/2016)... ... November 30, 2016 , ... Energetiq Technology, a world leader ... generation, ultra-bright, Laser-Driven Light Source, the EQ-77, at the MRS Fall Exhibit 2016. ... offers higher radiance and irradiance from a truly broadband white light source. The ...
Breaking Biology Technology: