PR99375

LONGMONT, Colo., Jan. 6, 2023 /PRNewswire=KYODO JBN/ --

Parascript (

https://c212.net/c/link/?t=0&l=en&o=3747493-1&h=3026269201&u=https%3A%2F%2Fwww.parascript.com%2F&a=Parascript

), a Colorado-based company dedicated to creating AI-powered solutions for

document processing automation, has been awarded a patent (US 11521428 B1) on

December 6th, 2022. The patent is for Methods and Systems for Signature

Verification.

Logo -

https://mma.prnewswire.com/media/1962748/Parascript_Logo_Vertical_Logo.jpg

Parascript's patent for Methods and Systems for Signature Verification can help

companies that wish to validate individuals' identities through signature

verification. The proposed methods capture a signature image or a signature

trajectory on a digital pad where it is then verified by comparing to a

reference signature. The reference signature may be available in the form of an

image or a trajectory collected during the process of signing on a pen-enabled

device. The patent describes several use cases of identity verification:

identity verification for remote access to services, identity verification in

self-service kiosks, automated in-person identity verification, and the

encoding of signature biometrics on IDs, credit cards, etc. Below are some of

possible use cases.

    1. Identity verification for accessing services remotely by smartphone,

       tablet, or PC (e.g., customer onboarding, registration, verification,

       etc.) — The signature is captured by a scanner or a camera on the device

       and is compared to the reference signature. When an Identification

       Document (ID) is captured by camera or scanner, the reference signature

       is extracted from the image on the ID for verification.

    2. Identity verification in self-service kiosks — Signatures are captured

       on a signature pad or with a camera embedded in a self-service kiosk

       such as an Interactive Teller Machine (ITM) and verified against a

       signature extracted from an identification card scanned by the machine

       (driver's license, passport, other).

    3. Automated in-person identity verification — A paper document that bears

       the signature-in-question (for example a store-branded credit card

       application) is scanned and automatically matched against the signature

       on a scanned ID. Alternatively, the signature-in-question may be signed

       in person on a digital signature pad.

    4. Encoding biometrics of a signature on identification cards, credit

       cards, cards and other documents that may require identity

       verification — A person's signature is collected when the person applies

       for a driver's license, passport, credit card or other ID.

       This signature is encoded on the document (chip, magnetic stripe). The

       encoded data may be read and used for signature verification purposes,

       eliminating the need for Reference signature databases, and enabling an

       immediate and reliable method of identity verification. This method

       allows for increased security as the reference signature is not exposed.

Parascript Differentials

Parascript's Methods and Systems for Signature Verification enables high

accuracy automatic signature verification for identity verification. Innovative

machine learning technologies allow for simultaneous processing of signatures

presented in different forms (trajectory or image) without converting them to

the same input type. This eliminates limitations that impeded the use of

automatic signature verification for identity verification purposes, and it

enhances the accuracy of signature verification.

Parascript

Parascript's software saves companies over $1 billion annually. Parascript

state-of-the-art software incorporates proprietary AI technologies to provide

robust data capture solutions that bring the highest levels of accuracy when

processing documents. With over three decades of experience applying AI to

solve complex problems, Parascript can automate document-oriented processes in

structured, semi-structured, and unstructured formats, drastically reducing

human involvement. Parascript has automated the postal industry, mortgage,

payment processing, and hundreds of other processes.

CONTACT: Maria Komiyama, maria.komiyama@parascript.com

SOURCE  Parascript, LLC