Banking Industry Buzzing About "Check 21"

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Checktech is ramping up for impending Check Truncation Act, nicknamed Check 21. A new product by Checktech will be available to the Operations departments of small to medium size banks to facilitate Item Processing. The new 6105 check stripping machine and the 6105-E check stripper with MICR encoding is available now.

Checktech is ramping up for impending Check Truncation Act, nicknamed Check 21. A new product by Checktech will be available to the Operations departments of small to medium size banks to facilitate Item Processing. The new 6105 check stripping machine and the 6105-E check stripper with MICR encoding is available now.

These machines will provide a much needed low cost solution for the Banking industry, says Dan Wood, General Manager of Checktech. With the impending passage of the Check Truncation Act and the implementation of the Image Replacement Document (IRD) image quality will be more important than ever. Small Banks will be able to qualify their items with heat-applied strips instead of Document Carriers. Document Carriers are not conducive for taking a quality image, which will be needed for reproducing an IRD. Based on the current fees the Federal Reserve charges for non qualified return items and repairing unreadable MICR encoding, depending on the banks volume they can expect a return on investment within a year of purchasing the low cost Check Stripping Machine. The 6105-E is a one step strip and encode machine that is easy to operate and speeds up the qualification process. “We feel this new generation of machines will be a valuable resource for small to medium size banking operations,” says Don Brannigan, Director of Manufacturing and service at Checktech.

Both Houses of Congress have passed the Check 21 Act, and now the Banking Industry is waiting for the President to sign it. As the implementation process is being completed, they are looking for solutions to their needs and Checktech can provide a portion of that solution for them. There are other needs for the banks to get ready, but check stripping can be utilized now and when Check 21 becomes a reality, saving banking operations money and resources needed in the future.

Contact Checktech to find out how they can help, visit their website http://www.checktech.us or call 1-800-242-4830 for free information.

Checktech is the leader in check repair technology since 1959, manufacturing document carriers, repair strips, correction labels, check stripping machines as well as de-stripping machines. Located in Santa Fe, NM Checktech continues to innovate for the future.

Contact Information:

Sales at Checktech

800-242-4830 Office

505-474-9551 Fax

http://www.checktech.us website

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Don Brannigan
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