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Source Technologies’ Secure MICR Printing & Self-Service Blog

MICR Basics: How MICR Check Printers Work

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.

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Pre-Printed Checks vs. Blank Check Stock – Why Should I Use Blank Check Stock for Check Printing?

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.

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5 Ways a MICR Solution Improves Printing Payroll Checks

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.

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Watch: In-House MICR Check Printer Solution Saves Money & Time for Banks

Walk through a day in the life of a teller issuing cashier’s checks using pre-printed check stock, rewind and then walk through the teller’s day using Source Technologies’ in-house secure printing solution.

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The Branch Business Case for a Secure MICR Solution

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.

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The Future of Check Payments: Secure Check Printing Solutions

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?

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Best Check Printing Software Solutions

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.

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Top 5 Risks of Check Fraud

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.

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Government Secure Print Solutions

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. 

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Top 5 Benefits of Secure Print Solutions

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. 

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3 Things to Consider When Choosing a MICR Toner

MICR toner quality depends on several factors working together to create secure printing solutions, so how do you decide which toner and toner cartridges are ideal for your solution? When choosing a quality MICR toner for your MICR printer consider 3 things:

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CheckPartner Enterprise vs. Manual Check Issuance

As the bank branch changes and evolves to embrace the “Branch of the Future,” efficiency and automation will be important to enhancing the customer experience.

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The Quality of MICR Toner Cartridges

What’s in a check? A lot more than you might think. The quality of any Magnetic Ink Character Recognition (MICR) document depends on several components. It’s critical to have a secure MICR printer and blank check stock working together to eliminate the expense and risk associated with pre-printed checks, but without a quality MICR toner cartridge in place, even the best hardware in the world won’t ensure your check meets Federal Reserve's MICR standards.

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Reducing Bank Audit Fees

The Most Expensive Audits An Audit Analytics report confirms that financial institutions incur the most expensive audit fees compared to other industries. Because of the complex transactions, products, and accounting...

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Eliminate Check Reject Fees and Reduce the Risk of Check Fraud

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...

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The ROI of a Secure MICR Printer Solution versus Using Pre-Printed Checks

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...

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What Do You Get for the Secure MICR Check Printer Price?

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...

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How Secure MICR Check Printers Protect Valuable Information & Prevent Fraud

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...

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CUNA, Inc. Credit Union Operations Article: In Check Printing, Blank Is Better

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”...

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Blank Check Paper Investments for Bank Branch Cost Savings

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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BAI Banking Strategies Article: Combating Check Fraud at the Printer Level

According to the Association of Financial Professionals, paper checks are still the most vulnerable payment type when it comes to fraud attacks. However, there ways to reduce this risk. Secure...

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What is MICR, Why Is It Important and How Does It Reduce My Risk of Fraud?

Magnetic Ink Character Recognition, also known as MICR, is required by the Federal Reserve to be on all checks. It is the type of toner used to print the font at the bottom of checks and other documents.

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