Secure MICR Printing

Fight cheque fraud schemes. Drive new revenue into the branch.

The cost of cheques fraud can run into the billions of dollars each year. One particularly vulnerable area is the printing and issuance of cheques on preprinted cheque stock that’s subject to pilfering and manipulation. It also creates burdensome storing, handling, and management issues.

a person filling out a bank cheque in a table

Benefits

Seamless integration: Increase integration efficiency since this solution works with your existing systems and applications
Hardware security features: Ensure secure printing with password protection, paper tray lock, MICR toner detection and audit trail
Supplementary enhancements: Implement additional fee opportunities and capabilities, such as customised starter checks, for increased benefits

Reduce your bank’s exposure to both internal and external cheque fraud

With Source Technologiesopens in a new tab Secure Printing solutions, you can greatly reduce your exposure to cheque fraud by automating, accelerating and securing your cheque issuance process. Secure MICR cheque printing, prevents a wide variety of check fraud schemes by securely printing cheques on blank cheque stock using Lexmark’s core engine hardware and Source Technologiesopens in a new tab' secure cheque printing expertise—thus eliminating the risk and expense of preprinted cheque stock.

Multiple layers of security—including secure numeric fonts and unique software solutions—allow your organisation to gain greater insight and management of its entire payment disbursement process. Positive pay files, bi-directional print confirmation, signature authorisation, and audit trail reporting are additional features of the fraud preventative suite of solutions.

Reduce cheque issuance expense and increase branch revenue

Bank personnel can print cheques on demand and execute voids on the fly reducing customer wait time. With blank cheque stock banks can print starter checks eliminating the cost, management and oversight burden of starter cheque kits. Additionally, the bank could eliminate all counter cheques by charging a fee for “personalised” on-demand counter cheques creating a new revenue stream and eliminating back-office expenses associated with processing of pre-printed counter items.

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Secure MICR Check Printing Solution

Save up to 80 percent on internal processes and paper costs, reduce the potential for cheque fraud and eliminate time-consuming manual reconciliation.