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Financial Institutions
ID-Check FastForm for Financial Institutions is a software application that works by scanning
the bar code or magnetic strip on the back of a driver’s license or Government ID. We automate
this data into usable elements, such as name and address. The data then automatically populates
the fields to any computer screen taking only 1 second. Financial institutions have implemented
our technology for new account set up, and also at the teller stations, which has proven to
dramatically reduce fraudulent check cashing.
A simple scan replaces over 200 key strokes on a keyboard and eliminates all of the potential
undetected errors. Statistics show that an undetected error occurs every 500 keystrokes. This
equals one undetected error in every two new accounts that are set up.
Eliminate data entry error, improve customer service and efficiency at the new account areas,
and reduce fraud in the teller stations with our patented ID technology.
Read about our technology in this
case study from FiServ and Greer National Bank.
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