Source Technologies is First to Bring Multi-Function MICR Printers to Market

CHARLOTTE, N.C., May 20, 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 www.sourcetech.com.