Objective
The project aims to complete the design, implementation, integration and testing of a new system to read bank cheques automatically.
Work will focus in particular on the reading of British cheques. The operation of the system will be demonstrated at a pilot site, the British outsourcing company, Unisys Payment System. The automatic reading system developed by MATRA CAP Systèmes aims at saving time in the entry of cheque data traditionally done manually.
The automatic reading system will be able to extract automatically the relevant data whatever the issuing bank and the implied format and background diversity. Its effectiveness in achieving this task will rely on the simultaneous reading of both the courtesy (digits) and legal (letters) amounts. Several techniques will be used simultaneously to reach high levels of performance. Most of these will make use of learning methods for which tens of thousands of samples must to be collected to ensure a representative learning database and a sound basis for comparative identification. The use of both digits and letters will provide the system with a high level of reliability. The objective is to make overall operational gains allowing a decrease by more than 50% of manual data-entry effort. The system will be highly parallel and will adapt to user demands, processing upwards of 50,000 cheques an hour.
The developments of the project target the French, UK and US markets. A consortium of five companies and academic institutions will together tackle the challenges it presents.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
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Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Coordinator
78140 Velizy Villacoublay
France
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.