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The Signature Professionals Present State-of-the-Art e-Signing and Check Fraud Detection - MEFTEC 2012: SOFTPRO shows how to take signatures seriously -
The Signature Professionals Present State-of-the-Art e-Signing and Check Fraud Detection


NewswireToday - /newswire/ - Böblingen, Germany, 2012/04/05 - MEFTEC 2012: SOFTPRO shows how to take signatures seriously - NASDAQ & LSE: KFX

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Fictitious bank accounts, forged invoices, usurpations of identities, imitations of signatures, resulting from the juxtaposition of the paper form and digital processes, represent a non-negligible threat, in a continuously growing business and multi-channels mobility.

MEFTEC, the leading annual IT-event for the financial industry in the Middle East, is the place where industry professionals discuss how to cope with these challenges. The SOFTPRO team around Regional Sales Director Youcef Hamadache, presents its unrivalled solutions for Fraud Prevention and Workflow Dematerialization at booth H2 in Dubai on April 25 and 26.

The implementation of truly paperless, E-Signature enabled processes, results in:

• Trustworthy e-Signing with Handwritten Signatures for a smooth transition from paper to e-documents;
• Familiar: the client signs on a Signature Pad or iPad instead of paper, optionally in conjunction with PKI;
• Straight-through workflow process, reducing mistakes caused by data transfer from paper to digital;
• Reduced operational costs and faster ROI (example of savings banks: 9 months amortization time);
• Time-stamping of signed documents & hash algorithm sealing for content integrity and non-repudiation;
• Improved standardization, categorization, automation and traceability;
• Contribution to the durable green economy.

The SOFTPRO experts will be happy to answer any questions of visitors to the show about what they always wanted to know about capturing, managing and verifying signatures. In addition they enable hands-on experiences to achieve insights on how to:

• Integrate E-Signing in digital workflows in a trustworthy manner - proven to be secure and user-friendly;
• Choose the best suiting solution out of a signature platform which supports the broadest array of signature capturing devices like Tablets (Apple iOS & Android), SignPads, Nomadic devices and Kiosk systems;
• Successfully deploy E-Signing projects within the finance, insurance or other industry eco system.

Broadest choice of devices for trustworthy signature capturing
Wacom’s Electro-Magnetic Resonance (EMR) technology is known to provide best quality in signature capturing. Visitors of the show may experience E-Signing at Softpro's booth on a broad array of devices like Wacom signature tablets, Wacom Interactive Pen Displays as well as tablet kiosks, smartphones and tablets with Wacom Penabled technology inside such as the first smartphone with an active Wacom digitizer - Samsung Galaxy Note.

Handwritten Signatures in the Digital Workflow
It is easy to understand why more and more companies integrate handwritten signatures in electronic processes using SignDoc-- Handwritten signatures offer what Personal Identification Numbers (PINs) or other Biometrics such as finger prints cannot provide:

• Signatures are a non-intrusive proof of intent;
• Signatures are culturally accepted and understood;
• Signing is the most personal way for authentication;
• The invisible biometric characteristics of signatures such as the different levels of writing pressure cannot be spied out.

These are reasons enough for more and more companies to take signatures seriously. Softpro's SignDoc allows these companies to trust in the authenticity and integrity of electronic documents signed with the handwritten signature.

It's one of the major IT-trends since 2008: Handwritten signatures are embedded in more and more digital workflows to guarantee authenticity. Combining the benefits of biometrics and encryption techniques is becoming more and more widespread.

Award-Winning Solutions
The European IT security association TeleTrusT awarded Softpro-customer Confederación Española de Cajas de Ahorros (CECA, the Spanish Savings Banks Organization) - with its innovation award for best practice in applied electronic signatures. They voted the use of SignPads for digitizing handwritten signatures in Spanish savings banks as the lighthouse project with an impact beyond the financial industry.

Holistic Check Fraud Prevention is increasingly important
Although the rate of online banking is increasing hundreds of billions of checks are written every year. The affinity to checks diminishing very slowly in the "check countries". The relative importance of checks as a method of payment is outstandingly high in the United States and Canada but also in Brazil, France, Italy, Turkey, Singapore and Malaysia.

For financial institutions worldwide, check processing and clearing is a significant cost factor in a bank's payment process. However, reduction in processing costs leads to higher check fraud risk exposure. Check fraud is consistently rising from year to year and is expected to continue rising, as fraud perpetration using other payment instruments such as credit cards becomes increasingly difficult.

The use of checks as a vehicle for fraudulent transactions is a global phenomena. The figures about check fraud worldwide are impressive. However, only a few organizations are publishing figures about fraud cases and money lost due to check fraud. Arguably the motivation for perpetrating check fraud crimes is the low risk of being caught.

Coping with the "needle in a haystack" burden
Searching for fraud amongst billions of transactions may seem like searching for a needle in a haystack. However, there is one holistic and sustainable way to address all relevant aspects of check fraud and effectively lower the operational risk. The world's leading financial institutions cope with this challenge by using Softpro's SignPlus product suite and securing millions of transactions every day. softpro's solutions make it possible to reduce check processing costs while increasing protection against fraud losses.

Banks using SOFTPRO's SignPlus enjoy substantial savings for back-office check processing centers by automating tedious and error-prone manual verification and by significantly improving the detection of fraudulent items. This solution enables banks to take the necessary precautions to secure the paper-based payment process and prevent losses from check fraud in a truly cost-effective manner.

Softpro has a proven track record with systems for the validation of handwritten signatures and fraud prevention in payment processes. The company provides the SignPlus suite of products, which were initially conceived in cooperation with a consortium of the largest U.S. banks. The solution is considered by many of the US Tier 1 banks to be a "best practice industry initiative" and has been successfully deployed at many of the world's largest financial institutions since its inception.

Brief Profile of SOFTPRO - The E-Signature Professionals
The SOFTPRO Group ( is a world leader in developing and marketing products and solutions for the digital capture, management and verification of handwritten signatures.

Softpro's fastest growing line of business is E-Signing solutions. Softpro produces E-Signing software that ranges from Software Developer Kits to a complete platform for Web-based signing. The products are compatible with a wide range of devices for signature capture - including basic pen pads, Tablet PCs as well as iPad and slate computers. E-Signing solutions have proven to lower daily costs, accelerate business processes, eliminate errors, and protect documents against manipulation. E-Signing with SOFTPRO is environmentally friendly and thus supports Green initiatives and corporate social responsibility programs.

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The Signature Professionals Present State-of-the-Art e-Signing and Check Fraud Detection

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