Teller Line Check Issuance

Issuing checks behind the teller counter is one of the most fundamental transactions that occur in the branch. However, many banks and credit unions still rely on obsolete technology, which also makes it one of the most time-consuming and costly processes. Many are asking themselves, how can we streamline our check issuance process without affecting our teller platform?

Source Technologies' teller check issuance solution combines our FormsPartner forms management software and our secure MICR (magnetic ink character recognition) laser check printers. Together they provide a fast, cost-effective, and secure way to automate the process of issuing checks in the branch. This solution provides dramatic cost and time savings by automating an otherwise manual process, and allows financial institutions to enhance customer service with shorter transaction times.

FormsPartner accepts check data from any teller platform, merges it with the appropriate form, and then outputs the completed check. 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 teller platform's print data stream.

FormsPartner also enables control of check design, management, and distribution, eliminating the need for costly preprinted check stock and other forms, and resulting in substantial cost savings, while also improving information efficiency and effectiveness.

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

• Automates the process for printing of all types of checks including cashiers, certified, starter checks, etc
• Increases face-time between tellers and visitors in branch banking and general retail environments
• Decreases transaction time, thereby reducing wait times
• Provides fully automated control, reporting, and auditing to reduce non-value added activity for front-office, back-office, accounting, and auditing functions
• Reduces voids, missing checks, and paid-unadvised charges
• Eliminates the cost and risk associated with purchasing, handling, storing, and securing pre-printed check stock - on-demand checks utilize blank check stock
• Provides complete security - data is encrypted through the entire process and bi-directional confirmation back to the user reinforces security and tracking

When used together, FormsPartner and Source Technologies' MICR printers offer a faster and more efficient way to print checks at the teller counter. And with features such as encryption and print confirmation, this solution creates a print environment that is powerful and secure from end-to-end.

Credit unions and banks now have the option for a robust and easy-to-use solution for automating their check issuance processes, facilitating a more efficient and effective process and the ability to provide a new level of service to their members and customers.

Teller Check Issuance: Highlights

• Encrypted data secures the end-to-end check issuance process
• Eliminates time consuming and expensive activities such as distributing, storing, and securing preprinted check stock
• Easy to deploy and cost effective: Typical return on investment is less than twelve months