11/18/2003 - Fujitsu Transaction Solutions Inc. will demonstrate a new check-imaging prototype powered with A2iA's recognition engine. Designed for automated teller machines, the prototype will be demonstrated with Fujitsu's rear-service Model 8020 ATM at BAI's Retail Delivery Conference & Expo 2003. A2iA is a worldwide developer of natural handwriting and print recognition technology.
In addition to its image-capture and display capabilities, Fujitsu's prototype will demonstrate features to reduce fraud, increase processing speed, improve accuracy and reduce cost:
According to the Federal Reserve Board, approximately 50 billion checks are written in the United States annually. This prototype is being developed, in part, as a result of new legislation that will allow the banking industry to exchange check images so that a substitute check will have the same legal standing as the original. The United States Senate passed the Check Truncation Act of 2003 in June. The bill is similar to H.R. 1474, commonly called Check 21, which passed the House of Representatives earlier this year and was signed into law by President Bush in late October. The bills are targeted to go into effect in 2005.
Fujitsu's Booth 1933
BAI's Retail Delivery Conference & Expo 2003
Ernest N. Morial Convention Center
November 19 -20, 2003
Fujitsu Transaction Solutions Inc., headquartered in Frisco, Texas, is a wholly owned subsidiary of Fujitsu Limited (TSE: 6702) and the IT "lifecycle solutions" provider for retailing technologies. Focused on helping customers relentlessly reduce costs, Fujitsu's offerings include infrastructure management services, point-of-sale hardware and software, handheld devices and Web-enabled automated-teller machines. The company has operated in North America for more than 30 years and has 1,000 employees and 25 offices in the U.S., Canada and the Caribbean. It serves customers such as Albertsons, Best Buy, ChevronTexaco, Nordstrom, REI, Staples and The TJX Companies, among others.
Web site: www.ftxs.fujitsu.com
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