BAI Retail Delivery 2015, Las Vegas, NV. October 13, 2015 – Orbograph, a premier supplier of recognition solutions for the U.S. check processing market as well as electronic/paper automation solutions in healthcare revenue cycle management (RCM), announced today that the company is demonstrating a pre-release of OrboAnywhere™ at BAI Retail Delivery 2015.
OrboAnywhere™ is an evolution in recognition technology; automatically validating the negotiability of paper-originated items for any self-service or POS channel within the Omnichannel of a financial institution. OrboAnywhere™ provides a consistent client experience across multiple platforms including self-service kiosks, concierge tablets, mobile devices, ATMs, video tellers, point of sale devices and remote deposit capture.
Automated system logic identifies operational, fraud and compliance risk scenarios as items are scanned, processed and cashed or deposited from self-service workflows. Over twenty newly developed, real-time scenario scores are generated from enhanced field-level recognition to protect transactions systematically rather than requiring human review or approval. Examples include: Identification of 3rd party checks, cashed checks and illegal documents, amount errors, ambiguities and high dollar risk, signature, endorsement and quality issues, payor and payee comparisons as well as use of negative lists, locational decisioning with check vs. device, stale and post-dated checks and anti-money laundering.
Barry Cohen, Co-President of Orbograph stated, “As the marketplace has adopted self-service devices, there is a growing need for a consistent client experience. OrboAnywhere™ emulates the human review process of paper-originated transactions and flags items with risk of errors, fraud or compliance.”
Orbograph (www.orbograph.com), a subsidiary of Orbotech, is a premier supplier of electronic/paper automation solutions in healthcare revenue cycle management (RCM) and recognition software for the U.S. check and lockbox processing markets. Orbograph technologies are in use in over 1,600 financial institutions, service bureaus, clearinghouses and billers processing billions of checks and claims annually. The cloud-based Healthcare Payments Automation Center (HPAC) is “Enabling Transformation of Healthcare Payments” by converting paper-based EOBs, correspondence and patient payments, normalizing ANSI X12 EDI 835 remittance advices and reconciling EFT/ACH payments to ERAs via reassociation. HPAC automates posting of receivables into patient accounting systems and hospital information systems, achieving straight-through processing levels of efficiency. Orbograph recognition technologies are “Enabling Transformation of the Check Experience” in 20 of the top 30 U.S. financial institutions with in-house check processing. Get more information at www.orbograph.com, or contact Joe Gregory, 978-667-6037 x5046, firstname.lastname@example.org.
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NOTE: Actual performance may vary according to hardware used, configuration or other factors within your processing environment. Statistics cited in this release do not constitute guarantees of performance. For more information, visit us online at www.orbograph.com.