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.

Image Quality Analysis (IQA)

Image Quality Analysis (IQA) in check processing software refers to the process of assessing the clarity, accuracy, and completeness of images of checks. It ensures that the images meet required standards for readability, alignment, and resolution, which is crucial for effective processing, fraud detection, and compliance with banking regulations. IQA helps prevent errors and ensures that checks can be properly cleared or deposited, particularly in compliance with Check 21 regulations, which allow for the electronic processing of checks.

Key points:

  • Ensures image clarity for accurate reading of check details (e.g., account numbers, signatures).
  • Verifies alignment and resolution to meet industry standards for processing.
  • Detects defects like smudges, distortions, or incomplete images that may affect processing.
  • Improves fraud prevention by ensuring images are clear and legible for verification.
  • Supports compliance with Check 21 regulations, allowing for electronic check processing.
  • Helps streamline check clearing and reduce manual intervention, increasing efficiency.

Learn more about Alogent's item processing suite of solutions, inclusive of built-in IQA features.

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