[July 10, 2014]

Source Technologies' Latest MICR Printer Minimizes Risk of Fraud, Offers Significant Cost Savings

Source Technologies, a leading provider of integrated solutions for managing financial transactions and other secure business processes, announced the availability of its ST9717 magnetic ink character recognition (MICR) check printer - the company's latest mid-level product under its ST9700 series of secure printers. The ST9717 is a desktop-class MICR printer designed for on-demand secure printing of checks and other negotiable documents, providing financial institutions and businesses with a level of security unrivaled in the industry.

The ST9717 features print speeds of up to 37 pages per minute, a first-time print rate of 6.5 seconds and duty cycle of up to 60,000 pages per month. While ideal for mid-size financial institutions and businesses with mid-level volumes, the printer offers the same MICR print quality and security features as Source (News - Alert) Technologies' high-volume printers and comes standard with USB, Parallel and Ethernet ports. The ST9717 also includes an 800 MHz processor, 256MB of standard memory, integrated duplex printing and 2.4-inch color display to keep information readily available.

"Demand for secure MICR printing continues to grow as check fraud persists - a reorted $11 billion problem that affects financial institutions and businesses of all sizes," said Keith Hamilton, president and CEO of Source Technologies. "Our line of secure printers is engineered specifically to combat a variety of check fraud schemes, helping organizations reduce their exposure to fraud while dramatically reducing paper costs. Although it is aimed at environments with mid-level volumes, the ST9717 is equipped with extensive check printing security features and delivers the same MICR print quality as our high-volume printers."

Source Technologies' line of MICR print solutions provide true business process improvement by cutting costs by as much as 80 percent, virtually eliminating the risk of check fraud and improving efficiencies by removing manual processes. For more information about its ST9700 Series MICR Printers, please visit www.sourcetech.com/micr-printers/st9700-series-printers.

About Source Technologies

Founded in 1986, Charlotte, NC-based Source Technologies is redefining the branch channel by helping banks transform their branches with automation, innovative technology and superior engineering. The company's print solutions empower businesses to automate the secure printing of sensitive information and negotiable documents, and its ground-breaking transactional and interactive kiosks for self-service and retail applications enhance the self-service experience. Customers include 6 of the Top 10 US banks, 69 of the Fortune 100, and thousands of small and mid-sized companies. For more information, visit www.sourcetech.com, or follow them on Twitter (News - Alert) @source_tech and LinkedIn (News - Alert) at www.linkedin.com/company/source-technologies.

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