On-Demand Starter Checks

In today's fiercely competitive world of retail banking, gaining new account openings is critical for banks and credit unions that are vying for a long-term advantage in the marketplace. This leaves many looking for ways to differentiate themselves by the products and services they offer, but they also ask themselves: How can we improve the customer experience in the branch and make the new account opening process easier in order to attract new customers?

Financial institutions can enhance customer service while streamlining their new account opening process with Source Technologies' on-demand starter check solution. This solution combines our FormsPartner forms management software and our secure, multi-function MICR (magnetic ink character recognition) laser check printers. Together they provide a fast, cost-effective, and secure way to conduct on-demand printing of MICR starter checks and account-opening documents.

New account openings require printing, scanning and even copying many different documents. In addition, financial institutions offer starter checks to the account holder for immediate use. The on-demand starter checks solution enables banks to consolidate all the devices required for an account opening into one multi-function printer. Source Technologies MFP printers are also MICR enabled, which allows the financial institution to print starter checks on-demand and in real-time.

FormsPartner is easy to use, even for the non-technical user, which reduces training and support costs. It allows for quick, cost effective implementation, since no modification is required to the current platform's print data stream.

This system provides many benefits for financial institutions and their customers:

• Gain a competitive edge by providing a higher level of service to new customers
• Just like permanent checks, on-demand starter checks can offer many custom features and graphics
• Consumers will not risk the embarrassment of having their purchases rejected because of their new-account status
• Elimination of the cost and risk associated with purchasing, handling, storing, and securing pre-printed check stock
• MICR Disable Protection prevents copying when MICR cartridge is present, an essential feature to avoid associated risks
• Better levels of customer service with funding by check - 100% of scheduled closings get funded
• Complete transaction visibility, electronic auditing, and full reporting capabilities

When combined, FormsPartner and Source Technologies' MICR printers offer the most efficient and effective way for banks and credit unions to offer account opening services to new customers.

With Source Technologies' on-demand starter checks solution, financial institutions can streamline their new account opening process - not only cutting operational expenses, but also to enhancing customer service.

On-Demand Starter Checks: Highlights

• Multi-function MICR printer consolidates multiple devices into one
• The elimination of purchasing, handling, storing, and securing pre-printed check stock creates dramatic cost savings
• Easy to deploy and cost effective: Typical return on investment is less than twelve months