Similar to identity theft, this type of fraud happens when an unauthorized individual gain access through online banking applications, capturing the account information to create and write bad checks.
Account-centric enterprise content management solutions allow users to access account holder information based on their account numbers.
ACH (Automated Clearing House) is an electronic payment network that enables banks, credit unions, businesses, and consumers to securely send and receive funds between accounts for transactions such as direct deposit, bill payments, recurring payments, and account transfers.
An adverse action notice is a document sent to a loan applicant stating a bank’s rationale for denying a loan. It may also contain a counteroffer, such as a lesser amount or a request for an approved co-borrower.
Agentic AI refers to artificial intelligence systems that can autonomously plan, reason, make decisions, and take action to achieve specific goals with limited human intervention.
The term “aging exceptions” refers to a group of critical exceptions that have not been resolved within a reasonable amount of time.
Altered check fraud occurs when a fraudster changes the amounts and Payee from a stolen check.
API is short for “application programming interface.” Technology companies like Alogent rely on APIs to connect multiple software applications, thereby enabling a two-way exchange of information to support users’ needs.
Audit and exam prep is a process that financial institutions go through in order to adequately prepare for upcoming audits and exams.
An authorized signer form is a document that allows an account holder to grant a range of clearance levels to individuals to perform certain functions within a bank account.

Document scanning software is the interface that allows a computer user to communicate information to a scanner, which then converts a paper document into an electronic image.

Scanners are sold with document scanning software, which must be installed to operate the equipment correctly. Software bundled with a scanner allows users to specify preferences, including:

  • resolution quality
  • color, black and white, or grayscale scan mode
  • single page versus duplex scanning

Third-party imaging systems, such as AccuAccount, provide built-in features that enhance the use of scanning technology.

Types of Document Scanning Software

Document scanning software can be classified into several categories, based on the vendor and the product’s capabilities. Original equipment manufacturer (OEM) software performs the basic functionality that enables the conversion of a document into a digital file. However, because the document scanning software bundled with scanners is often limited, some users seek out other types of software to enhance both the scanning experience and management of electronic documents. That’s where a tool like AccuAccount comes in handy. In addition, there are other types of document scanning software that provide additional functionality, such as the ability to take advantage of optical character recognition (OCR).

Document Scanning Software in the Banking Industry

Financial institutions generate a lot of documents, which is why document scanning software is vital for increasing efficiency and reducing the amount of archival space needed for paper files.

OEM software is rarely sufficient to provide adequate levels of efficiency, which is why many banks and credit unions go one step further and use third-party scanning and imaging software. For example, AccuAccount contains a suite of scanning software tools for financial institutions to elevate efficiency while reducing paper:

  • AccuPrint – Virtual printer that can “print” an email or other electronic document as a digital image into AccuAccount. The software also tags the document by owner and type and allows the user to choose the customer/member, account, or document tab in which to file it within AccuAccount.
  • AccuImg – Desktop scanning software that allows a document imaging technician to create an electronic image of a single document, barcoded documents, and batch scanning without barcodes on a desktop scanner.
  • AccuCapture – Works with a multifunction device scanner, using barcodes to automatically direct the placement of scanned documents within the correct file in the banking management system.

Imaging & Scanning Resources

Looking for more information on how to streamline your document scanning and imaging workflows? Be sure to check out our extensive resource library with free spreadsheets, whitepapers, and eBooks.

Browse our banking definitions page for more terminology.

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