Panini, the global market leader in distributed check capture has partnered with J.Fleischman, an international technology distributor, to bring check truncation to Paraguay.
The companies provided the Paraguay Banking Association with Panini's Vision X® check scanner enabling truncation at the point of presentment, at bank teller lines, creating seamless digitization of the paper items for clearing.
"We chose the Panini Vision X® check scanner due to its reliability, robustness, ease of use and outstanding references," says Fernando Bazán, General Manager, J.Fleischman. "The ultraviolet document detection capability of the Panini scanner was also considered a decisive anti-fraud factor within the Paraguay Banking Association project."
The recent implementation with the Banking Association in Paraguay is also the first major adoption of Avantor(TM), Panini's scanner monitoring system, outside of North America. "We chose Avantor because the project demanded we have a robust platform to proactively view and manage all client scanners in real time," adds Bazán. Panini Avantor provides professional asset management, performance optimization, and device security - all in one modular and extensible system adaptable to the widest possible business requirements.
"This project has digitized the check compensation process in Paraguay, previously done physically by the cámara compensadora de cheques (Central Bank Check Chamber)," Bazán explains. "Today, all Banks have a Vision X scanner on their front desks, and all checks are captured on site and in real time. The compensation of checks is done seamlessly through the images captured by the Panini scanner."
"The benefits and efficiencies are undeniable," says Paula Marques, Latin America Account Manager, Panini. "We are happy to have a strong, productive relationship with J.Fleischman and Precodata enabling this major transformation in the check clearing process."