Automatic Signature Verification (ASV) is an engine that runs on top of 01 Systems’ signature management system (SigCap) to verify the incoming cheques automatically.
ASV can help you save processing time, reduce cost, and also ensure that more cheques are processed efficiently. The ASV engine, will automatically capture signatures from the cheques images and verify them against existing specimens stored in SigCap. The combination of SigCap and ASV allows you to not only verify cheques based on image comparison, but also takes advantage of all the information saved in SigCap to make an transaction verification decision, such as effective/expiry date of signatory, and account operational mandates.
In addition to the SigCap data, passing or rejecting a transaction also depends on the engine’s match score thresholds which can be specified within the configuration. If any cheque gets rejected by the engine, the users can visually verify it and take the final decision, whether to pass or reject the transaction. For high value transactions, ASV can be configured to always send the cheque for manual verification regardless of the automatic verification result.