San Francisco, California August 5, 2009
ARX, the global provider of digital signature solutions, recently created a joint solution with I.E. Mittwoch & Sons–NCR, a leading provider of peripheral equipment and software, allowing an Israeli banking committee to actualize a nationally mandated security procedure for the clearing process of all digital check imagery.
Israeli bank regulation 357, which defines a best practice for banking IT processes equivalent to the US Check 21 Act, requires financial institutions to utilize a secure channel for distribution of checks. Two key components of satisfying this regulation were a scanning capacity, which created images of the checking documentation, and a digital signature solution, which ensured the integrity of the clearing process. Due to a history of successful deployments and the simplicity with which they can be integrated, NCR's scanning solutions and ARX's CoSign digital signature solution were chosen to provide a comprehensive answer.
"CoSign's non-proprietary technology allowed it to serve as the ideal digital signature compliment to the deployed image clearing applications," said Raanan Dahari, Director of Sales-EMEA, ARX. "The joint initiative enabled a comprehensive solution that precisely addressed the need of the Israeli banks."
The joint ARX and I.E. Mittwoch & Sons-NCR solution allows for an expedited check-clearing process, as banks can now digitally route thousands of checks a day utilizing NCR scanning capabilities to capture checking images and CoSign digital signatures to seal deliveries. In addition to expediting financial processes, I.E. Mittwoch-NCR and ARX have alleviated both the need to physically route processed check documentation, and the extensive costs involved with securing the process.
