ACH Direct Announces Certification of MagTek's Excella Product.CATHEDRAL CITY, Calif. -- ACH (Automated Clearing House) A system of the U.S. Federal Reserve Bank that provides electronic funds transfer (EFT) between banks. It is used for all kinds of fund transfer transactions, including direct deposit of paychecks and monthly debits for routine payments to Direct announced today it has completed certification of the MagTek Excella check reader and dual-sided scanner with its DirectBilling(TM) software. Excella, in conjunction with ACH Direct's DirectBilling(TM) software, allows batch scanning of checks, reading MICR (Magnetic Ink Character Recognition) The machine recognition of numeric data printed with magnetically charged ink. It is used on bank checks and deposit slips. MICR readers detect the characters and convert them into digital data. data and capturing images of both sides of the paper check for ARC and Check 21 application in a single pass. "Excella and our DirectBilling(TM) software complement each other very well, with each product enhancing the capabilities and adding to the value of the other," said Jeff Thorness, chief executive officer of ACH Direct. "With its imaging speed and ability to handle multiple checks with such efficiency, Excella becomes a seamless extension of our DirectBilling(TM) software, allowing us to again offer the latest, best-in-class payment-processing solutions to our customers." "We are extremely pleased to receive ACH Direct's certification of our Excella product," reported John Arato, vice president, business unit manager, retail products at MagTek. "ACH Direct is a proven and solid leader in the electronic payment processing industry and we're delighted to be part of the company's strategic growth plans." Excella can automatically process a single check or up to 70 checks per batch, while endorsing, reading MICR and scanning the front and the back of the check in a single pass. In addition, Excella can read E13B and CMC (Common Messaging Calls) A programming interface specified by the XAPIA as the standard messaging API for X.400 and other messaging systems. CMC is intended to provide a common API for applications that want to become mail enabled. 1. 7 MICR fonts; supports a programmable endorsement message and produces high-quality images at 200 dpi in grayscale In computing, a grayscale or greyscale digital image is an image in which the value of each pixel is a single sample. Displayed images of this sort are typically composed of shades of gray, varying from black at the weakest intensity to white at the strongest, though in or black and white. DirectBilling(TM) is by far the most comprehensive electronic payment-processing program available today. Its broad range of processing capabilities includes real-time or batch-mode processing of credit cards, electronic checks (ACH/ATM) and debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. processing. Its easy-to-use, yet powerful, user interface enables merchants to schedule a single transaction or a series of recurring transactions with a few simple keystrokes. DirectBilling(TM) includes a complete suite of reports to help track receivables, better manage resources and maximize cash flow. Report data is automatically updated each time it communicates with the host and is downloaded and stored in an encrypted en·crypt tr.v. en·crypt·ed, en·crypt·ing, en·crypts 1. To put into code or cipher. 2. Computer Science format for fast and efficient retrieval. Reports are also available online 24/7/365 for easy retrieval while traveling or when managing remote facilities. About ACH Direct ACH Direct is one of the largest privately held electronic funds transfer See EFT. (application, communications) electronic funds transfer - (EFT, EFTS, - system) Transfer of money initiated through electronic terminal, automated teller machine, computer, telephone, or magnetic tape. processors in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. with over $3 billion in transactions processed in 2004. ACH Direct has been providing payment-processing solutions to a wide mix of clientele since 1998 and continues to develop ways to help clients face an increasingly complex and competitive business environment. Additional information about ACH Direct can be found at www.achdirect.com. About MagTek Since 1972, MagTek has been a world leader in electronic transaction technology, from magnetic-stripe card readers and writers to high-accuracy MICR check readers and scanners, secure PIN issuance and cardholder card·hold·er n. One who holds a card, especially a credit card. card  hold verification systems. The company's products and components are in use today at point-of-sale (POS (1) See point of sale and packet over SONET.(2) "Parent over shoulder." See digispeak. POS - point of sale ) and back-office locations in thousands of companies around the world; incorporated into kiosks and ATMs, banking customer service terminals, custom retail POS terminals, and restaurant and hospitality equipment. MagTek has over 200 employees at its Carson, Calif. headquarters, and sales offices throughout the United States, Europe, and Asia, with independent distributors in over 40 countries. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion