NASDAQ OMX

Panini's Vision neXt(TM) Certified by Acuant

Dela

TORINO, Italy and DAYTON, Ohio, Oct. 25, 2017 (GLOBE NEWSWIRE) -- Panini, a global payments technology provider, is pleased to announce the latest certification of its Vision neXt check scanner with Acuant to work with their AcuFill Auto-Fill Software and AssureID Verification Software. Panini is proud to be the first select check scanner manufacturer certified with AssureID.

Increasing regulations and competition highlight the need for Financial Institutions to set themselves apart from the crowd. Regulations such as Know Your Customer (KYC), Anti-Money Laundering (AML), Customer Identification Program (CIP), and Personally Identifiable Information (PII) all lead to customer-related data collection, and Acuant is the trusted identity management solution for many FIs. The certification of the Vision neXt with AcuFill improves teller efficiency by reducing keystrokes and auto-populating the teller's system with customer data, while AssureID verifies the authenticity of driver's licenses and ID cards, reducing fraud.

"The certification of Acuant's AcuFill and AssureID is further evidence of the commitment to document processing efficiency that has come to define Panini throughout its storied history. Being the first check scanner certified on both platforms is a terrific accomplishment and exemplifies why Panini sets the standard for teller image capture," said Joe Sciulli, Senior VP Channel Sales at Panini.

"We are pleased to provide Panini with a range of identity solutions that will support the seamless capture and verification of critical customer data for a user friendly experience," said Bruce Ackerman, Executive VP of Global Sales for Acuant. "We are confident that our solutions will help Panini protect against theft and identity fraud while complying with current regulations and best practices."

The Panini Vision neXt is conquering the FI teller space as a branch transformation platform, rather than just a scanning device, providing rich functionality in the domains of check capture, ID capture, and smart printing, optimized ergonomics, price/performance leadership, and demonstrable savings, backed by Panini's world-class service and support capabilities. Users have the ability to scan at 100 or 160 documents per minute, better supporting Financial Institutions increasingly prevalent choice to handle and balance check deposit at the teller regardless of the size of the document batch ("scan-all"). Panini's patented Advanced Auto-Alignment mechanism on the Vision neXt's auto-feeder makes manual document jogging virtually unnecessary, by aligning even different format checks vertically and horizontally one by one as they are being fed. This leads to higher MICR read rates, better images due to skew correction, prevention of double feeds, and fewer jams, while Ultrasonic Double Feed Detection tackles one of the most disruptive events in check processing, by blocking real doubles more effectively than via the light reduction systems used on most earlier generation scanners, as well as avoiding false positives which interrupt the capture flow when darker or thicker documents are processed on such transports.

About Panini

Founded in Turin, Italy, Panini has enabled clients to capitalize on shifts in the global payments processing market for more than seventy years. Panini has a rich history of technology innovation, and Panini's market leading solutions are based on state-of-the-art research & development and ISO-9001 quality certified production. Panini offers capture solutions that enable customers to fully realize the advantages and efficiencies available with the digital transformation of the paper check, resulting in the world's largest deployed base of check capture systems, now approaching one million devices. Panini's scalable capture solutions digitize checks and payment related documents and transactions to address the complete range of distributed check processing opportunities including teller capture, back-counter capture, remote deposit capture, point-of-sale capture and remittance processing. The company provides solutions on a global basis, and has direct subsidiary operations in the United States covering North America and in Brazil covering Latin American markets. For more information, visit: www.panini.com.

About Acuant

Acuant Inc. is a global technology company that provides comprehensive Identity Verification solutions responding to various levels of risk and assurance requirements. Utilizing patented technology Acuant transforms data intake into a business-enhancing proposition while instantly reducing the risk of fraudulent transactions.

Acuant's intelligent engineering is made to work in any industry in any environment with compatibility for Windows, iOS, Android, Hybrid and HTML 5- and built to allow meeting the highest level security requirements and regulations such as KYC, PII, HIPAA and AML. Partners include start-ups, Fortune 500 and FTSE 350 organizations. For more information, please visit www.acuantcorp.com.

Panini S.p.A.
via Po. 39
10124 Torino, Italy

Francesco Grasso, Corporate Marketing
panini.marketing@panini.com
+39 011 8176011



This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Panini via Globenewswire

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