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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