If your only experience with pawnshops is watching Pawn Stars on television, you might not know much about them. But in the hundreds of years they’ve existed, pawnshops fulfill an important role in the economy – one that requires reliable access to legitimate government-issued identification documents. Where did pawn shops come from? Pawnshops first came […]
OCR Solutions Inc., a leader in visual data capture software, has been named one of the top players in the global OCR Software Market by B2B Market Growth. “Our Medical Claim form system has seen a surge in adoption due to current trends and demand in the healthcare industry. This system is complex critical and […]
Biometrics have seen a wide application in businesses of all types, ranging in function from employee time and location tracking to security enhancement. This technology carries the potential to revolutionize business processes and simplify management efforts. Biometrics leverage characteristics that are unique to each individual person’s physical body, allowing for far stronger security without the […]
For decades, companies in various industries have been producing identity verification systems that rely on fingerprint recognition, which is also known as Touch ID. While Touch ID systems are effective, better tools have been invented in recent years, like Face ID solutions. As technology advances, so do fraudsters’ ability to hack into it. That’s why […]
The cannabis industry is experiencing monumental growth and shows no signs of slowing down. In fact, in the U.S. alone it’s expected to reach $30 billion in market value by 2025. If you’ve recently opened a store or are considering it, profitability is certainly there–but your biggest priority should be compliance. The cannabis industry is […]
Financial institutions are no strangers to regulation. Banks, brokers, and insurance companies have seen numerous regulatory changes over the last two decades, with a focus on improving transparency, protecting against financial crimes, and ensuring liquidity. One such regulation is the Customer Due Diligence (CDD) rule, requiring covered financial institutions to establish and maintain written policies […]
Identity verification is a crucial component of transactions ranging from healthcare to cybersecurity. With multiple industries moving to online-based solutions for identity verification, ID reading software is quickly becoming the simplest, most convenient method of license scanning. ID scanning technology has drastically improved over the last decade, evolving into the ability to accept a wide […]
Manual invoice management is quickly becoming an antiquated method of processing payments as new technologies are mitigating its major pain points. Among them, overall costs to businesses are significantly decreasing while productivity is increasing. If your company is still conducting manual invoice management, it’s time to take a closer look at the major costs to […]
Know Your Customer (KYC) software is a vital weapon for banks and other financial institutions to fight against financial crime and money laundering. Under the new rules imposed by the federal government, it’s no longer just good business for banks to know who their customers are, it’s considered an obligation. In this article, we’ll go […]
Between an increase in red tape, growth of microtransactions, and ensuring you’re covered on the legal end, organizations are drowning in a sea of paperwork. No matter the sector– healthcare organizations, financial institutions, hospitality, etc.– chances are the gears of daily operation are jammed shut by applications, health histories, registrations, and insurance paper trails. Luckily, […]
