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TROY Introduces Software to Help Financial Institutions Comply with New Canadian Payment Association Standards.


SANTA ANA Santa Ana, city, El Salvador
Santa Ana (sän'tä ä`nä), city (1993 pop. 129,873), W El Salvador. It is the second largest city in the country and the commercial and processing center for a sugarcane, coffee, and cattle region.
, Calif. -- TROY Group Inc. (OTC OTC

See: Over-the-counter.


OTC

See over-the-counter market (OTC).
:TROY), a worldwide provider of Secure Payment Solutions, announced the introduction of TROY Checkwriting Software - Teller Edition in a Canadian Payments Association The Canadian Payments Association (CPA) is a not-for profit association created in 1980 by an act of parliament, the Canadian Payments Act, to "establish and operate national systems for the clearing and settlement of payments and other arrangements for the making or exchange of  (CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. ) Standard 006-compliant format. TROY Checkwriting Software - Teller Edition enables financial institutions to print secure personalized per·son·al·ize  
tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es
1. To take (a general remark or characterization) in a personal manner.

2. To attribute human or personal qualities to; personify.
 cheques during the first point of customer contact, allowing superior customer service.

By utilizing TROY Checkwriting Software - Teller Edition, financial institutions eliminate the need for long wait times and mail delivery of personalized cheques. Front-line employees also have the ability to print business cheques, money orders, deposit slips, and official cheques. TROY Checkwriting Software supersedes TROY's ChequeScribe product line, which has been continuously developing since its first release in 1999.

"TROY Checkwriting Software - Teller Edition highlights (TROY's) commitment to financial institutions in Canada," stated Larry Landtiser, executive vice president and general manager for TROY Group Inc. "Hundreds of financial institutions in Canada use (TROY) software on a daily basis to streamline their operations. This upgrade makes the process of complying with the new regulations easy."

Delivering all of the features and functions of ChequeScribe, this new version helps financial institutions create 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.  documents that are compliant with the new CPA standards. New features include: new CPA positions for key cheque fields; new CPA numeric date format with specified indicators; as well as new MICR line standards. TROY is offering upgrades for previously deployed ChequeScribe products to enable the new CPA-compliant features.

The Canadian Payments Association, in CPA Standard 006, Part A, outlined the requirements necessary to ensure high-quality cheque images which can be captured to enhance electronic processing efficiency through clearing purposes and delivery to clients. All cheques presented to the Canadian banking processing centers on Dec. 31, 2006, must be compliant with the new standards.

Teller Edition is designed to comply with the new CPA standards. To complete the solution, TROY also offers a full line of business, personal and voucher cheque forms that comply with the new CPA standard.

TROY Group Inc. ("TROY") is a worldwide provider of secure payment solutions. Our security printing solutions include application software, high-security check printing hardware and specialized consumables for secure printing and payment applications. Our 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  (Automated Clearing House See ACH. ) software includes ACH processing and origination software and consulting services. We sell and service our products to major corporations, banks, key government accounts and distributors worldwide. Visit TROY at www.troygroup.com.
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Comment:TROY Introduces Software to Help Financial Institutions Comply with New Canadian Payment Association Standards.
Publication:Business Wire
Geographic Code:1USA
Date:Feb 21, 2006
Words:395
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