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Source Technologies Announces IBM Infoprint 1570 MICR 50 Multi-Function Printer.

Expands line of cost-effective MICR printing solutions and meets the needs of lower-volume check printing applications

CHARLOTTE, N.C. -- Source Technologies, a leading provider of integrated solutions for managing financial transactions and other secure business processes, announced the availability of its next generation magnetic ink character recognition (MICR) multi-function printer, the IBM Infoprint 1570 MICR 50.

The IBM Infoprint 1570 MICR 50 combines all the print-copy-scan-fax features of a standard IBM Infoprint 1570 multi-function printer with Source Technologies' most advanced security and MICR print-quality features. Buying a MICR-enabled multi-function printer is a cost-effective alternative for companies that have on-demand check printing needs but lack the print volumes to justify a dedicated MICR printer.

"IBM has been our strategic partner for several years. The knowledge and solution breadth they bring to our joint customers, especially in the financial services industry, is exceptional," said Rodger Morrison, vice president of payment solutions, Source Technologies. The IBM Infoprint 1570 MICR 50 lets customers mix and match MICR printers and MICR -enabled multi-function printers, depending on check printing volumes and requirements."

The Infoprint 1570 MICR 50 prints up to 50 pages per minute and offers audit trail reporting, lockable paper tray options, software and hardware password controls, and MICR toner sensing. With its unique "MICR MFP Protection" feature set, the Infoprint 1570 MICR 50 allows end-users to manage copy usage through configurable security functions. These functions prevent unauthorized or inadvertent copying of checks using MICR toner.

About Source Technologies

Founded in 1986, Charlotte, N.C.-based Source Technologies is a leading provider of integrated solutions for managing financial transactions and other secure business processes. In addition to its family of magnetic ink character recognition (MICR) printers and consumables, Source Technologies offers secure disbursement software and the groundbreaking Concourse[TM] family of branch automation and self-service solutions. Customers include nine of the top ten U.S. Banks, plus hundreds of credit unions, community banks, Fortune 1000 firms, mid-sized companies. Source Technologies has created more than $400 million in economic value for its customers in the last ten years. For more information, visit www.source-us.com.
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Publication:Business Wire
Date:Nov 7, 2006
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