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Description

No matter where or how you conduct transactions, we offer solutions that guarantee prompt and secure payments for your business, all while avoiding any surprise fees. Our proprietary payment technology was developed entirely in-house, enabling us to fulfill our commitments effectively. Established in 2005, Clearent was created to redefine the standards of payment processing. From the outset, our dedication to excellence, openness, and exceptional customer support has been at the core of our operations. We aim to enhance your profitability by providing cutting-edge payment solutions, transparent credit card processing free from hidden charges, rapid funding, and comprehensive access to your transaction data. Our focus on quality, transparency, and customer satisfaction remains unwavering and drives everything we do. As a payment processor, we are dedicated to ethical practices, relentlessly striving to improve and ensure our clients achieve maximum profitability. We believe that by continuously refining our services, we can help our clients thrive in an ever-changing marketplace.

Description

Recognizing the importance of data precision and automation in the fintech industry, Mitek's dedicated research and development teams have introduced an innovative method for check image recognition. This new solution, known as XE™, delivers substantial benefits, such as enhanced straight-through processing rates, by utilizing a recurrent neural network (RNN)-based engine that achieves markedly higher accuracy than competing products. Furthermore, XE™ features a versatile and customizable design that integrates seamlessly into comprehensive payment, omnichannel, and banking systems, enabling automatic identification and extraction of essential check details, including the amount (both Courtesy Amount – CAR and Legal Amount – LAR), date, and payee name, irrespective of whether the writing is in printed form or cursive. Additionally, the toolkit incorporates advanced image quality analysis (IQA) and image usability analysis (IUA) to verify that the check aligns with Check 21 standards as well as other relevant industry and regulatory requirements. This innovative approach positions Mitek as a leader in the fintech space, addressing the growing demand for precise and efficient financial solutions.