Parascript Announces Release of Check Recognition and Verification Software
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According to the Central Bank of Malaysia, Bank Negara Malaysia, 204.8 million checks were processed in 2009. Additionally, the bank’s 2009 study on payment preferences and usage revealed that over 70 percent of merchants use checks to make payment to suppliers, and consumers use checks as the preferred payment method for transactions over RM1,000 which is approximately $300.
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