By Kevin Forrester | June 19, 2018
A unique public/private sector service and engagement model that provided a welcome solution to a community problem and afforded Nutmeg State Financial Credit Union the opportunity to serve their members with a better experience.
By Kevin Forrester | April 18, 2018
It’s a bit of a mystery why checks, especially B2B payments, are still a prominent payment method today even with the plethora of digital payment methods that...
By Kevin Forrester | November 16, 2017
Even with all the sophisticated payment methods available today, paper checks are still a popular method for making payments, especially in business-to-business (B2B) transactions. If you are printing checks, it is still a Federal Reserve (ANSI) standard that the MICR line on checks is printed in MICR toner and is present at the bottom.
By Kevin Forrester | November 01, 2017
A MICR printing solution that uses secure blank check stock can save your company both time and money. Using blank check stock can save you up to 82% on the cost of paper and internal processes.
By Kevin Forrester | October 18, 2017
At Source Technologies, we developed CheckPartner Enterprise software and combined it with our secure MICR check printers to make up our secure accounts payable and payroll check software solution.
By Kevin Forrester | September 20, 2017
Watch as our Integration team preps Source Technologies’ secure MICR check printers for shipment. Our MICR check printers eliminate the need to purchase, maintain, store and distribute pre-printed check stock because we print the static and variable data on blank check stock in a single printer pass. We add 15 distinct security features to our printers to help our customers reduce their exposure to check fraud, and we offer a MICR Guarantee to back our solution.
By Kevin Forrester | June 14, 2017
When we speak to financial institutions about issuing official checks in the branch, we often find that their current process is a manual one, involving pre-printed checks and a laser printer, dot matrix printer, or even a typewriter, believe it or not!. Sometimes the financial institution struggles to see the ROI in changing their process to an automated, secure MICR solution, since it involves an investment of capital to purchase the MICR hardware and software. However, a secure MICR solution actually saves money, and most of our customers see a solid ROI in less than two years.
By Kevin Forrester | May 31, 2017
Accounts Payable is a critical function of every business, and it’s important that invoices are paid quickly and efficiently. While personal check payments have been declining over the past decade, the majority of businesses still use check payments to pay their bills, according to the Federal Reserve’s 2016 Payment Study.
By Kevin Forrester | May 03, 2017
According to the Federal Reserve’s 2013 Payment Study, overall check payments have declined over the past 10 years. While check payment decline isn’t breaking news or surprising for most people, it’s compelling to look at check payment usage among the growing number of payment options available today. So, the question remains, what does the futurehold for the humble paper check?
By Kevin Forrester | March 08, 2017
Of all the teller tasks in a bank branch, the most painful and time consuming is manual check issuance. Cashier’s checks or money orders can be particularly cumbersome, but issuing any negotiable document in a branch is fraught with expense and risk if you aren’t using an automated check-issuance solution including secure MICR printers and check-printing software.
By Kevin Forrester | January 11, 2017
Many businesses and bank branches incorporate automation to help their businesses run more efficiently and to provide their customers with optimal service. For businesses that require the ability to print checks safely and efficiently for their day-to-day operations, secure MICR check printing software is a key consideration.
By Kevin Forrester | November 16, 2016
With 75% of all B2B payments made by check,1 the risks of check fraud should be a concern for all B2B organizations accepting and sending payments. By engineering distinct security features for printers, Source Technologies has designed secure print solutions for B2Bs to minimize their risk of check fraud.
By Kevin Forrester | September 21, 2016
As the nation’s biggest “company,” the government faces ongoing budget challenges, fraud risk, and the never-ending task of protecting data. Various government agencies still rely heavily on issuing checks for payroll, accounts payable, welfare and social security payments. When these government agencies utilize a secure check printing solution, their costs and security risks are significantly reduced.
By Kevin Forrester | August 17, 2016
Believe it or not, there are thousands of financial institutions in North America that still issue official checks using pre-printed checks, a dot matrix printer and sometimes even a typewriter. This manual process is expensive, risky and time consuming.
By Kevin Forrester | July 27, 2016
More and more retail businesses today are seeking solutions for easier in-store billpay and cash acceptance. At Source Technologies, we understand the need for a self-service system that is affordable, configurable and secure.
By Kevin Forrester | February 03, 2016
Official checks. You also know them as cashier’s checks, counter checks, teller checks and certified checks. Regardless of the type of official check, the process of issuing or printing checks is usually painful for both the customer and the teller due to the amount of time it takes.
By Kevin Forrester | September 09, 2015
At the grocery store, most of us with a few items in our basket will choose self-check-out. It’s easy, quick and intuitive, and you’re on your way home instead of waiting in a line. But if you have a cart full of groceries, you go to the cashier because you aren’t going to be able to do it any faster, right?
By Kevin Forrester | July 13, 2015
Who Still Issues Check Payments? Companies. The most common primary payment method between companies is by check. According to the 2016 AFP Electronic Payments Survey, 94% of organizations report that...
By Kevin Forrester | May 20, 2015
Not All Check Printers Offer the Same Benefits Laser check printers are used in many brank branches today for check printing. However, there are several factors these printers do not...
By Kevin Forrester | May 06, 2015
How much money will a MICR printer solution save my branch? The Typical Financial Institution & MICR Printer Savings Let’s take a hypothetical look at what the savings...
By Kevin Forrester | April 22, 2015
Two Words: Cost Savings This may seem counterintuitive. After all, a secure MICR check printer costs more than a regular, non-secure MICR printer. That’s because there are...
By Kevin Forrester | December 17, 2014
Preventing Healthcare Fraud with Secure Prescription Printing The interlocking of the healthcare and pharmaceutical industries create one of the largest verticals in America. In 2013 alone, approximately 4.2 billion prescriptions were issued...
By Kevin Forrester | October 29, 2014
Data and Access Protection Afforded by Secure MICR Check Printers For check-printing applications such as counter checks or official items, the majority of banks in the U.S. still...
By Kevin Forrester | October 10, 2014
According to the Association of Financial Professionals, a 2012 study discovered credit unions face approximately $17,000 in loss every time a fraudulent act is successful. Pre-printed check stock is “live”...
By Kevin Forrester | October 01, 2014
Bank branches typically utilize numerous kinds of checks for a variety of application-specific needs. From official checks for guaranteed fund transfers to trust department needs, blank check paper, secure MICR...
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