Abacus Federal Savings Bank Selects Rosetta Technologies' Solution to Print Return Items.
TAMPA, Fla. -- Rosetta Technologies, a leading provider of MICR printers and check and Image Replacement Document (IRD) software solutions, announced today that Abacus Federal Savings Bank, a community bank serving customers in New York, New Jersey and Pennsylvania, has selected IRDPrint OnSight to print their return IRDs.
Due to impending changes in how the Federal Reserve couriers return items, which is expected to drastically delay delivery, Abacus needed to transition from receiving paper return items from the Fed to printing their own IRDs. It was critical that items be delivered early each day to avoid potential losses due to holds expiring on deposited checks that were subsequently returned.
Abacus selected IRDPrint OnSight, a cost-effective, all-in-one solution for printing IRDs from X9.37 files sent directly from the Federal Reserve Bank or other item processor. With IRDPrint OnSight, which includes IRD printing software, MICR printer and IRD stock, institutions have everything needed to easily print IRDs from X9 files received each morning for more efficient processing and delivery to their customers.
"With IRDPrint OnSight we're able to mitigate our risk in receiving return items from the Federal Reserve," said Jill Sung, CEO, Abacus Federal Savings Bank. "It is very easy to use and makes our Check 21 process more complete."
IRDPrint OnSight also provides secure login control, integrated printer security, X9.37 error-checking that reduces rejection of resubmissions and full transaction logging/audit trail. The complete solution starts at $1,099.
About Rosetta Technologies
Founded in 1987, Rosetta Technologies is dedicated to developing and marketing the world's most technologically advanced printers, consumables, and software for Magnetic Ink Character Recognition (MICR) applications. As Ricoh's exclusive MICR engineering partner, Rosetta offers the industry's widest range of MICR printers and consumables, from compact desktop printers to high-speed cut-sheet production printers, plus post-processing equipment, supplies, and 24x7 support. The company also offers comprehensive software packages for IRD and check printing. Rosetta is a standing member of the Accredited Standards Committee (ASC) X9AB. For more information, visit www.rosettatechnologies.com or follow us at www.twitter.com/rosettatech.
|Printer friendly Cite/link Email Feedback|
|Date:||Nov 10, 2009|
|Previous Article:||Verisae Launches Sustainability Resource Planning Platform for Distributed Organizations.|
|Next Article:||Interactive Data Further Expands Coverage of Global Real-Time Market Data.|
|Profits and Balance Sheet Developments at U.S. Commercial Banks in 2000.|
|BISYS PROVIDES OUTSOURCING SOLUTIONS FOR FINANCIAL SECTOR.|
|Update on FedImage Services.|
|DELMARVA TAPS WAUSAU TO PROVIDE IMAGING TO MEMBER BANKS.|