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 user 2005-05-25 at 12:18:00 pm Views: 44
  • #9626

    Source Technologies is First to Bring Multi-Function MICR

    Engineered for Secure
    All-in-One Printing, Faxing, Scanning and Copying

    CHARLOTTE, N.C.–May, 2005–Source Technologies, a leading
    provider of integrated solutions for managing financial transactions and other
    secure business processes, has broken new ground with the first line of
    multi-function MICR printers for the financial services industry.

    Source Technologies’ MICR MFP printers address the gravitation of the office
    technology market toward multi-functionality by consolidating print, copy,
    scanning and faxing capabilities in a secure, MICR-enabled device. As with all
    Source Technologies printer products, the ST9325MFP (25ppm) and ST9340MFP
    (40ppm) are engineered to meet the stringent security needs of financial
    industry users.

    “Financial institutions are now implementing workflow on MFP printers, and
    check printing is the last mile for many key applications”, said Glen Fossella,
    vice president of marketing, Source Technologies. “As a Lexmark OEM and
    long-time MICR market leader, Source Technologies is uniquely positioned to
    respond to this emerging demand for streamlined, secure MICR office systems.”

    Source Technologies’ MICR MFPs, combined with the company’s disbursement
    management software, provide secure, on-demand printing of MICR-encoded
    documents in support of specific financial industry applications.
    Paperwork-heavy and time-intensive activities, such as processing consumer loans
    and opening new accounts, will benefit from the increased efficiency provided by
    generating MICR documents as part of the overall process flow.

    About Source Technologies

    Founded in 1986, Charlotte, N.C.-based Source Technologies is a leading
    provider of integrated solutions for managing financial transactions and other
    secure business processes. In addition to its family of magnetic ink character
    recognition (MICR) printers and consumables, Source Technologies offers secure
    disbursement software and the groundbreaking CONCOURSE family of branch
    automation and self-service solutions. Customers include nine of the top ten
    U.S. Banks, plus hundreds of Fortune 1000 and mid-sized companies. Source
    Technologies has created more than $400 million in economic value for its
    customers in the last ten years. For more information, visiT  SOURCE-US.COM.