CheckTech Financial and Maverick International Sign Strategic Alliance Agreement.Business Editors SANTA FE Santa Fe, city, Argentina Santa Fe, city (1991 pop. 341,000), capital of Santa Fe prov., NE Argentina, a river port near the Paraná, with which it is connected by canal. , N.M.--(BUSINESS WIRE)--May 13, 2004 CheckTech Financial Corp., the leading manufacturer and distributor of check repair equipment and supplies, today announced the signing of a long-term strategic alliance agreement with Maverick International, an industry leader in retail and financial payment processing systems. The first product of the alliance is a combination check repair stripper Stripper Slang for an individual homeowner who strips the equity out of his or her home through mortgage refinancing. Proceeds are generally not re-invested, but spent on consumer goods. Notes: Most people get rich by saving and investing wisely. and encoder co-developed by the two companies. CheckTech and Maverick will manufacture, license and cross-market the Model 6105E product line through their respective sales channels. The new Model 6105E will be introduced at the Bank Administration Institute's (BAI's) TransPay 2004 conference May 18-20 in Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. . Brian Boyd Brian Boyd is a Distinguished Professor in the Department of English at the University of Auckland, New Zealand. He is known primarily as an expert on the life and works of author Vladimir Nabokov. , president and 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. of CheckTech Financial, said, "The alliance with Maverick is a natural fit for both companies. We are leveraging our core manufacturing and distribution competencies to help our mutual customers save time and money by turning a two-step process into one simple step." The Model 6105E was specifically designed as a Check 21 solution for small to mid-sized banks. Under the Check Clearing for the 21st Century Act, or Check 21, financial institutions are encouraged to repair checks in-house before sending them to the Federal Reserve Bank or third-party processors for clearing. Santa Fe-based CheckTech Financial Corp. manufactures and distributes high-speed automated check stripping equipment, encoders and paper check repair strips and supplies for sale to banks, credit unions and financial service centers throughout 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. . Founded in 1983, Maverick International distributes a complete line of 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. check encoding, imaging, and payment processing solutions through a network of dealers, OEMs, and VARs located throughout the United States and 21 countries worldwide. Visit CheckTech Financial at TransPay 2004 (Booth 832) to preview the Model 6105E co-developed by CheckTech Financial and Maverick International. |
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