US image analysis and pattern recognition technology provider Parascript has entered an agreement with integrated fraud detection company SQN Banking Systems and secure information systems developer Bull.

Under the deal, the companies are sent to roll out a joint implementation that combines the SENTRY SigCheck signature verification system with Parascript's signature authentication technology at one of the five largest banks in Brazil. The signature verification system, implemented and integrated by Bull, was also deployed in a similar fashion at Banco Banrisul earlier this year.

SQN's SigCheck extracts one or more side-by-side signatures from cheques and verifies them using Parascript's SignatureXpert, in order to prevent fraud. Parascript's signature verification technology is also currently being used in the United States, United Kingdom, Zimbabwe, United Arab Emirates and Kenya.