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Parascript(R) AddressSelect(TM) 2.0 Validates Addresses, Enables Companies to Qualify for USPS Discounts
BOULDER, Colo., March 21 /PRNewswire/ -- Parascript, LLC today announced AddressSelect 2.0, a high-performance address validation solution that enables companies to reduce incorrect address entries, comply with USPS guidelines and gain postage discounts. The software, which complements current Multi-Line Optical Character Readers (MLOCR), validates addresses and assigns correct 11-digit zip codes to increase mail processing accuracy. AddressSelect meets USPS Coding Accuracy Support System (CASS) certification standards.
"Over 23 percent of mail is incorrectly addressed in the United States, costing businesses millions in postage, not including the additional expense of not reaching potential customers or payees," said President and CEO of Parascript, Jeff Gilb. "AddressSelect builds on Parascript's advanced address recognition expertise, providing integration partners and MLOCR vendors with the most up-to-date address matching software for improved mail delivery, enabling them to get the lowest possible postage rates available."
AddressSelect consists of an assignment module and USPS database. The assignment module executes contextual analysis of address data to support further address matching. AddressSelect compares multiple address hypotheses with the USPS database and assigns the correct 11-digit zip code to mail pieces.
AddressSelect validates addresses through:
* Contextual Analysis -- AddressSelect analyzes raw OCR data to correct misread, missed, unnecessary and erroneously segmented characters.
* Address Parsing -- AddressSelect parses address data into elements such as city, state, ZIP, street address, and other components to support further address assignment.
* Address Matching -- AddressSelect compares address components to data stored in the USPS address database. When a match is found, AddressSelect assigns the correct 11-digit zip code and returns the address in the standardized form.
AddressSelect can be customized for country-specific address validation and correction applications wherever local postal databases are available.
About Parascript, LLC
The first to solve the cursive handwriting puzzle, Parascript has grown to be the intelligent recognition solution for the U.S. Postal Service and other Global 2000 organizations including Bowe Bell & Howell, Carreker, Lockheed Martin, NCR, Siemens, and Unisys. Parascript is online at http://www.parascipt.com.
Parascript and AddressSelect are registered trademarks, Intelligent Recognition is a trademark of Parascript, LLC. All other trademarks and trade names are the property of their respective owners.
Answer the Phone: Your Identity is on the Line
Beverly Hills, CA -- (ArriveNet - May 06, 2005) -- There hasn't been much good news in the battle against identity theft lately, with fraudsters staying one step ahead of the game. But don't panic, our old friend the telephone has come to the rescue.
We're all aware of the problem of identity theft, but did you know that your local pizza chain has had a solution for years? You recognize it as the system that prevents little Johnny from having twenty pizzas delivered to your door at midnight: the pizza chain calls you immediately after the order is placed to verify the validity of the order. Because little Johnny is afraid to be caught, he'll think twice about causing this pizza-related havoc.
TeleSign's patent-pending verification system has transferred this pizza concept to the high-tech world. It works like this: after filling out a form on a website, the user is prompted to enter his phone number. A robotic system then places a call to that number and speaks aloud a unique three digit code. Once that code is entered into the website, the authentication is complete. This system can be implemented at any point on a website: at registration, purchase, a specific time interval, or at the request of a user.
Email verification is the current standard for user authentication, but email may end up filtered, junked, bulked, or trashed. Because of spam, viruses, and phishing, email filtering has become so aggressive that even legitimate emails don't reach the inbox. But a telephone call cannot be stopped, making this the perfect time for the introduction of TeleSigns solution.
The future of ecommerce is threatened by rampant fraud and lack of trust. TeleSign will force anonymous users to expose their faces by revealing their working phone numbers.
To try an interactive demo, visit (http://www.telesign.com/demo2/demo.asp) and have your phone ready.
For more information about TeleSigns products and services, visit (http://www.telesign.com/demo2/) or email email@example.com.
About TeleSign Corp.
TeleSign Corp. seeks to provide simplified solutions for any company conducting business online where trust is essential and where fraud is a concern. TeleSigns patent-pending Verification System provides a critical layer of security for the e-commerce world and is a proven deterrent against ill-intentioned web users. TeleSigns Verification System is able to legitimize a web users claimed identification at a miniscule cost and with little inconvenience to all parties involved.
TeleSigns Verification System is based upon the premise that ill-intentioned web users hesitate to disclose their working phone numbers. By placing a computer-generated telephone call coupled with a unique security code, we insist that a web user provide a legitimate telephone number or be rooted out. The companys first product, the TeleSign Verification System, blends the latest internet, security and telephony technologies into a powerful new tool to combat fraud in e-commerce.
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