Bank check OCR, or Optical Character Recognition, is a technology that allows banks and financial institutions to efficiently process and digitize handwritten or printed checks. This technology works by using image processing algorithms to analyze and extract relevant data from the check, such as the payer’s name, the amount of money, the date, and account and routing numbers. Bank check OCR eliminates the need for manual data entry, which saves time and reduces the likelihood of errors. This technology has become increasingly popular in recent years due to its ability to improve the speed and accuracy of mobile deposit check processing, making it an essential tool for banks and other financial institutions. Bank check OCR uses Veryfi Lens to capture all the aspects and intricacies inside a bank check. Watch this Youtube video to see the process of capturing a bank check using Veryfi Lens and submitting it to Veryfi OCR API for data extraction of the bank check: [ https://www.youtube.com/watch?v=gm6qkNCZVtw&ab_channel=Veryfi ]
Implementing bank check OCR involves using specialized software that can read and interpret the information on the check. The software typically uses advanced algorithms and machine learning techniques to extract data from checks. With the help of bank check OCR, banks can process checks faster and with greater accuracy, reducing the risk of fraud and improving customer service. In addition, this technology can be used to store digital records of checks, which can be easily accessed and analyzed, providing valuable insights into customer behavior. Overall, bank check OCR is a powerful tool for banks and financial institutions looking to streamline their operations and improve their bottom line.
Give your app superpowers with just a few lines of code to accelerate time to market, delight customers, and drive growth.Discover More
Add receipt capture features to your loyalty app and unlock instant purchase validation with valuable cross-basket insights.Discover More
Launch Veryfi in days, not months, to eliminate manual data entry and unleash your team’s full potential.Discover More
Veryfi Lens includes a computer vision model that identifies bank checks in the viewfinder, greatly exceeding native smartphone capabilities for edge detection.
Distinguish a bank check from its surroundings, including other hard edges and similarly colored surfaces.
Veryfi Lens includes Al computer vision and camera features that optimize image quality to ensure the greatest possible data extraction accuracy.
Veryfi Lens can be configured to automatically capture an image when a bank check is detected in the viewfinder.
The fastest, most accurate OCR APIs on the market support Bank Checks, Receipts, Invoices, W-2s, and plenty of other documents.
Integrate Veryfi with just a few lines of code, liberating your team to stay focused on building industry-leading customer experiences.