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Abacus Federal Savings Bank Selects Rosetta Technologies' Solution to Print Return Items.

- IRDPrint OnSight Accepts X9.37 Files and Securely Prints IRDs on a 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.  Printer -

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 Abacus Federal Savings Bank (國寶銀行) is a overseas Chinese bank in the United States. Headquartered in New York City, with branch offices in New York, New Jersey and Pennsylvania, this privately-held community bank was first established in December 1984 by , a community bank serving customers in New York, New Jersey and Pennsylvania, has selected IRDPrint OnSight to print their return IRDs.

Due to impending im·pend  
intr.v. im·pend·ed, im·pend·ing, im·pends
1. To be about to occur: Her retirement is impending.

2.
 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 (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , 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 (business, printer) Magnetic Ink Character Recognition - (MICR) A character recognition system using special ink and characters which can be magnetised and read automatically.  (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 accredited

recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria.


accredited herds
cattle herds which have achieved a low level of reactors to, e.g.
 Standards Committee (ASC ASC Ambulatory surgery center, see there ) X9AB. For more information, visit www.rosettatechnologies.com or follow us at www.twitter A Web site and service that lets users send short text messages from their cellphones to a group of friends. Launched in 2006, Twitter (www.twitter.com) was designed for people to broadcast their current activities and thoughts. .com/rosettatech.
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Publication:Business Wire
Geographic Code:1U5FL
Date:Nov 10, 2009
Words:356
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