Peladon Software and Parascript Partner to Offer Fraud Prevention for Government and Banking Industries

-- County governments across U.S. use integrated technology to confirm authenticity of absentee voter registrations --

 June 6, 2007, San Diego, CA and Boulder, CO – Peladon Software, a prominent developer of automated capture and document processing solutions and Parascript, LLC, the image analysis and pattern recognition technology provider, today announced a partnership.  The partnership gives Peladon Software the ability to integrate Parascript’s signature verification and authentication products into its technology that serves the government and banking industries.

Peladon’s DocXP™ document processing system customers will benefit from Parascript’s powerful signature verification engines that confirm the authenticity of endorsements.  Signatures in question are compared to those on file to determine natural deviations in individual styles that the human eye often cannot detect.  The software is able to compare signatures from a variety of sources such as checks, signature cards or signature snippets cut from any type of document.

 Currently county governments across U.S. confirm the authenticity of signatures on absentee voter ballots with technology from the leading provider of election systems in which Parascript and Peladon software is embedded. Upon a thorough evaluation of available options, Peladon and Parascript software was selected as the best, most robust alternative.  

 “With this agreement we are able to supply a greater range of products and services to help ensure the authenticity and security of documents, a significant concern in the government, banking and financial services industries,” said David Pintsov, chief marketing officer of Peladon Software. “In partnering with a leader in this space, we are directly responding to our customers’ needs for greater accuracy and security in document capture technology.  The results of this collaboration have exceeded our and our customers’ expectations and will serve thousands of municipalities in the U.S. and abroad,” he continued.

 “Signature fraud is increasing at a rapid rate, and Parascript is dedicated to providing fraud detection technology to directly address the authenticity of documents,” said Mike Fenton, vice president of sales and operations for Parascript.  “In partnering with Peladon, we are making our patented technology more accessible to overcome this costly problem.”

About Peladon Software

Peladon Software Inc, a wholly owned division of Data & Research Services PLC, provides automated data capture solutions for the banking, insurance, financial and government markets. Peladon’s products, combined with expert services, allow companies across the globe to reduce operating costs, obtain higher information accuracy and speed processing times. Using Peladon's solutions, clients become more efficient and competitive, allowing better, faster decision making. With the depth and strength of a parent company such as DRS, a market leader in the data capture arena for more than 35 years, Peladon offers the finest automated data capture technology, combined with world class customer support.  For more information about Peladon Software visit www.peladonsoftware.com.

 About Parascript, LLC

The Parascript image analysis suite extracts meaningful information from images.  Employing patented digital image analysis and pattern recognition technologies, the Parascript image analysis suite automates costly data entry and improves decision quality in postal automation, check and remittance processing, fraud detection and forms processing operations.  Parascript software processes over 75 billion imaged documents per year. Fortune 500 companies, postal operators, major government and financial institutions rely on Parascript products. Organizations include the U.S. Postal Service, Böwe Bell & Howell, Carreker, Elsag, Lockheed Martin, NCR, Siemens, and Unisys. Parascript is online at www.parascript.com.

Contacts:

Bridget Baker                                                               Claudette Allingham                           

Peladon Software                                                         Parascript, LLC                                   

858-634-5405                                                              303-381-3108                         

bridget@peladonsoftware.com                                  claudette.allingham@parascript.com