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MiniCheck-OCR, Inc has developed a suite of applications known
as the *MiniCheck MGR™. The *MiniCheck MGR™ is a revolutionary new front-end application
for electronically processing checks and validating IDs at the point-of-sale. Using
the *MiniCheck MGR™ will enable merchants of all sizes to handle checks more efficiently
and more cost effectively. At the point-of-sale, the *MiniCheck MGR™ provides the
ability to validate a photo ID such as a drivers license in order to prevent losses
due to fraud. This ID validation is done using a set of advanced algorithms to decipher
the electronically encoded data in either the magnetic strip or barcode located
on the ID itself. An image of a photo ID can then be captured at the point-of-sale
and stored within the record archive maintained by the financial institution or
service provider. The *MiniCheck MGR™ combines both MICR and OCR technology to provide
a robust feature set not available anywhere else. The ability to read the full MICR
line information from the bottom of a check using Magnetic Imaging Character Recognition
while at the same time capturing the customers’ personal information using Optical
Character Recognition is unique to the *MiniCheck MGR™ . This information is placed
into a user-accessible data base that allows the user to search the data base and
generate targeted mailing lists in a matter of seconds. The *MiniCheck MGR™ offers
pre-integration to the most popular check reader-imaging devices on the market as
well as the major service providers like TeleCheck. This pre-integration makes setting
up check processing services far easier and quicker than any other solution on the
market today.
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