About the Legislation
On Oct. 28, 2004 the legislation
known as Check 21, the Check Clearing for the 21st
century act, went into effect. The key factor of this
legislation is the entitlement of financial institutions
to scan original checks into digital images and later
reprint them as substitute checks. These “substitute”
checks are labeled by the industry as Image Replacement
Documents, or IRDs. A ANSI X9 standard for the two
categories of IRDs, forward IRD and backward IRD, is in
the midst of being created. The standard requires the
documents to be able to print on both sides of the
original check, and be MICR readable. The standard also
provides a reserved area on the IRD for new security
features created at the time of printing since all
paper-based security features are lost during the
scanning process.
About Printerm Solutions
The PRINTERM IRD Security Printers,
based on industry-leading LaserJet 1160, 1320, 2400
series, 4250, 4350 and 9050 printers, include the
features of duplexing capability for double sided
printing, and are fully enabled for printing MICR
documents. These printers are specially designed to meet
the ANSI X9 standards. Printing three Forward IRDs per
sheet, the PRINTERM IRD 4250 will print 75 IRDs per
minute, the PRINTERM IRD 4350 will print 96 IRDs per
minute and the PRINTERM IRD 9050 will print 150 IRDs per
minute. Every PRINTERM printer is fully prepared with
MICR toner sensing, as well as the optimized PRINTERM
E13B MICR font for superior check readability.
With no industry standards for security features, every
financial institution will develop their own methodology
to control risks. PRINTERM’s ideal approach is through
catering to individuals needs by offering a range of
printers, data and document security options. Some of
the security solutions that PRINTERM offers include
password protection, encryption, key locks and PRINTERM
imaging security. PRINTERM offers in addition a wide
variety of consulting and software development services.
PRINTERM’s electronic payment consulting is created to
aid the financial industry maximize ACH and Check
Imaging Investments.
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