Items Processing

MICR Scanners

We cover check scanners and MICR check readers for check processing, bank merchant services, and check images. Whether you need a check scanner for remote capture, merchant capture, check imaging, desktop check scanning, or lockbox processing, we can help you find the check scanner or MICR check reader you need.

Items Processing is your source for check scanners and MICR check readers for remote capture, merchant capture, check imaging, desktop check scanning, and lockbox processing.

Checkmate CMR430 POS MICR Check Reader RS232 RS485

The Checkmate CMR430 check reader is a payment automation device that reads the MICR (Magnetic Ink Character Recognition) information on checks.

This device enhances your customer’s buying experience while reducing your risks from fraudulent and poorley printed checks. The CMR430 check reader is a motorized unit capable of RS232 communication and Keyboard, MSR or Scanner emulations.

The Reader can also communicate RS485 (for IBM 46xx cash registers only), and can wedge the keyboard on the IBM 4680 series of cash registers.

• MICR Check Reader Payment Automation device
• Reads MICR encoding on checks (Magnetic Ink Character Recognition)
• Capable of RS232, Keyboard and RS485 communication

Excella MICR Check Reader Double Sided Scanner USB2/ENET

One reviewer said about the Checkmat CMR430 POS MICR Check Reader, “This is a very strange device. It comes with a power adapter and no place to plug the power adapter in. The instruction manual seems to imply there may be a cord (connector) and will be a sheet (that shows how to set it up), but no such connector cable was with it or sheet.

The pin arrangement on the device seems at least to a certain degree, to be unique to the brand. If you want this particular device to work, you may end up buying a $50 cord. Even with that, how does it power up without a power port? I ended up getting a used Magtek [Featured Left] and looking up the part numbers for the connector cable and power supply. It all came together and it can read checks.”

About the Excella by Magtek

The Excella Check Reader is a MICR check reader (Magnetic Ink Character Recognition) and dual-sided scanner with endorsement printer. Checks can be entered into the Excella with an automatic feeder or by a separate manual feed for single checks. The Excella reads the MICR character set (E13B or CMC7 fonts) on the front face and bottom of a check and scans both sides of the check in a single pass, producing high-quality, grayscale or black/white images (color images are offered as an option) in the most common file formats used in the industry. The characters and the image are then transmitted to a Host device. Excella will communicate with the Host system using a USB 2.0 or Ethernet interface.

If you are a non-profit looking for an all-in-one payment processing solution for check processing and lockbox services, Aqubanc has created a product just for you.

According to Aqubanc’s website, “Aqubanc, LLC is the leading provider for gift entry and donation processing solutions and consulting on operations improvement. Aqubanc was formed in 2003 to serve the needs of nonprofits and organizations.” In other words, they focus on providing check processing services for non-profits who have more than just items processing needs, but a need for the least amount of errors as possible and the least expensive way to process incoming checks in order to be good stewards of the funds. Aqubanc refers to this service as “Check 21″. Aqubanc’s “total transaction throughput approach” looks at your entire process from mail arrival to fundraising/accounting software, posting, and depositing. Founded in 2003, Aqubanc has built alliances, collaborations, partnerships and relationships with leading fundraising software, print agencies, nonprofit service providers, and, with component providers who are willing to bend and help nonprofits. The Cheque 21 System product is the solution delivered to nonprofits by Aqubanc into Development, Donation Processing, Fundraising, Gift Entry and Processing and Advancement Services operations. For more information, visit Aqubanc or call 800-350-4720.

On page 28, Rich Karlgaard is interviewing Jim Goodnight, who is the cofounder, chairman, and CEO of SAS, which makes business analytics and business intelligence software. One of Goodnight’s answers surprised me. When Karlgaard (who Goodnight kept calling “Rich”) asked “What do you make of your growing list of competitors?” Goodnight answered:

Unless you can drill down through the data and come up with a probability that a customer is going to leave you next month, you’re not really in the advanced-analytics business.

You can read more of Rich’s work at Digital Rules. Want to learn more about business analytics?

On page 32, Quentin Hardy covers Proctor & Gambles’ new Business Sphere by interviewing P&G’s Chief Information Officer, Filippo Passeerini. Apparently, this Business Sphere business analytics software is “a sum of 14 different technologies from multiple vendors” and in “Three clicks on a laptop [it can] bring up a view on another screen of shampoo sales in Australia. It’s immediately apparent that P&G will need to sell 585,000 more cases of shampoo for sales to be flat.” I thought that was impressive.

You can read more of Quentin’s work at Forbe’s Data Driven and more about P&G’s Business Sphere here.

And on page 48, William Baldwin writes, “Who Needs Bank Branches? Good-bye tellers. Hello, mobile apps,” which is mostly about how more and more people are eschewing traditional banks for accounts at brokerage firms with similar features, but without the branches. He continues on page 49 with, “Who needs a drive-through teller window anymore? You can scan a check with your mobile device, and it goes right into a Fidelity or Schwabb account. Banks can do a lot of things that Fidelity can’t, like issue loans and service small businesses. But Fidelity doesn’t particularly want to be chasing after borrowers for a car payment or rolling up quarters for a convenience store.”

You can read more of William’s work at Forbe’s Investment Strategies.

I thought this mobile remote deposit capture webinar from Wausau might be something you all would be interested in learning more about. As you may already know, Chase and PNC are already doing this and according to Mercatus LLC, a leading financial services strategy firm in Boston, “Mobile check deposit ranks as the top mobile-banking feature that would prompt consumers to switch primary banks.”

And if you are looking for something more physical to learn about remote deposit capture, there is a RDC Summit being held September 28-30 in Orlando, Florida. It’s sponsors and/or exhibitors include FIS, RDM Corporation, Wausau Financial Systems, Panini, Digital Check, Epson, Bluepoint, NCR, Mitek Systems, and Cachet Financial Solutions. Registration starts at $799 if you register before June 30th.

If mobile remote deposit capture is still a little to risky for your bank, but you have not yet embraced remote deposit capture, consider how a cost-effective remote deposit solution for small businesses would allow your customers to streamline their check deposit process, manage their receivables and reduce the trips made to the banking centers. Remote deposit solutions enables your customers to scan paper checks and have the scanned images of the checks electronically transmitted to your Items Processing department for deposit directly into their checking account without leaving their office. And now, you don’t even have to settle for the check scanners available from your vendor or your bank as many different models are available online for a competitive price.

If you’re looking for the best check printer, the best printer for printing checks is the Samsung ML-2525 mono laser printer which features Samsung’s AnyWeb Print software. It lets you select, drag and drop content from different web pages into a new blank page on your screen without any other resizing or editing required, making it easy to print what’s on your screen. The ML-2525 also gives you an ESP Easy Screen Print button that lets you print your desktop with a single button. You also get print speeds of 24 ppm and a 12,000 page monthly duty cycle. The ML-2525W gives you Ethernet and wireless connectivity.

Like one reviewer said, “Add a ChecksNet CheckToner MICR cartridge and you have a fast little desktop printer to make magnetically encoded checks. The ML-2525 is faster, quiet and doesn’t jam paper like other Dell, Hp and prior model Samsungs I’ve had on my desk. paper tray holds 250 sheets which is almost double other under 4100 B&W laser printers.”

Institute of Financial Operations Names 25 Most Influential People Setting Global Trends in Cash Management

Public officials, banking executives, technology innovators, visionaries, academicians, and thought leaders made the first-ever list of the 25 Most Influential Financial Operations Professionals. The list was released during Fusion 2011, an annual conference and trade show at the Gaylord Palms Hotel & Convention Center near Orlando.

The Institute of Financial Operations created the recognition to honor people whose contributions have furthered the professions that fall under the umbrella of the association and its affiliate organizations: International Accounts Payable Professionals (IAPP), International Accounts Receivable Professionals (IARP), the National Association of Purchasing & Payables (NAPP), and The Association for Work Process Improvement (TAWPI).

The new Institute is the standard-setting body and primary resource for professionals in all disciplines of financial operations and at all levels, from the CFO through the ranks of accounts payable, accounts receivable, payments, document automation, and procure-to-pay.

“As our organization has moved into the broad spectrum of financial operations, it’s time to recognize leaders in our industry,” said Thomas M. Bohn, president and CEO of the Institute. “These are the people who are driving our industry in the short term and medium term, and identifying leading-edge solutions our professionals need to put into action.”

Need a check endorser for the items processing or exception items department?

These table-top check endorsers from Shear Tech automatically endorse checks, encode MICR, are heavy duty, and automatic.

With Intuit GoPayment and the mophie Marketplace credit card reader, you have everything you need to securely process credit card payments on your iPhone. It’s simple to get started in as few as 15 minutes. Begin accepting all major credit cards on your iPhone so you can get paid instantly. This Complete Credit Card Solution is perfect for small business owners who do business away from their office like plumbers, contractors, photographers, or retailers who attend festivals, work out of their customers facilities, or take payments on-the-job.

Intuit already provides payment processing service to over 250,000 small businesses and processes in excess of $100B in transactions per year. Over 4 million businesses currently use Intuit solutions. Over 220,000 merchants use our credit card processing services. Intuit processes over 116 million transactions per year.

Scan Anywhere with the Fujitsu ScanSnap S1300

Digitize any document into a PDF with the push of a button. This document scanner is efficient with your time and space by scanning eight images a minute in a mobile device smaller than a man’s footprint (about 12 in. x 4in.). The ScanSnap S1300 features an automatic document feeder that holds up to 10 sheets of paper for hassle-free performance, but the best part is that the scanner is capable of capturing both sides of every document. Your documents are converted into industry-standard PDF format with searchable content like keywords automatically added for easy searching (via OCR). Also, since the ScanSnap S1300 operates on USB power, you can take the scanner anywhere your laptop or netbook can go. Scan everything from business cards and postcards to legal size documents. The ScanSnap S1300 automatically detects the correct document size, de-skews images, and removes blank pages – things normally reserved only for the highest tier production-grade scanners. No matter which way you put the item in the scanner, your images are always displayed in the proper orientation. The bundled software from Fujitsu also makes keeping track of contacts easy.

• Fujitsu ScanSnap S1300 Document Scanner is designed to be the smallest Fujitsu multi-page duplex scanner for one-button ease of use
• Max Supported Document Size: 8.5 in x 14.17
• Optical Resolution: 600 dpi x 600 dpi
• USB 2.0 (USB 1.1 Compatible) or AC powered
• Manufacturer Warranty: 1 year warranty
• Dimensions: 11.18″ x 3.90″ x 3.03″
• Light Source: 3 color LED (Red / Green / Blue)
• Weight: 3.08 lbs.
• Scanning Speed: 8 ppm / 16 ipm
• Media Type: A4, A5, A6, B5, B6, Business card, Post card, Letter, Legal and Custom sizes
• Automatic Document Feeder (ADF): Yes
• OCR to keywords: yes

Square users can now accept card payments on their smartphones via magnetic swipe or manual input.

According to their website at squareup.com, the devices and the software are free, but the company takes a flat 2.75 percent commission off of each transaction, plus an additional 15 cents. This is cheaper than most credit card processors and other merchant card services including PayPal.

Intuit also has an iPhone credit card swiping device and service called GoPayment.

About Jack Dorsey

Jack Dorsey, a software engineer, is the co-founder of Square and Twitter and was the CEO of Twitter until October 2008. Dorsey had the original idea for Twitter while still at Odeo, a podcasting startup which was a project of Obvious Corp. He is now the chairman of Twitter.

In May 2009, Dorsey announced his latest startup, Square. Square, originally code-named Squirrel, is a mobile payment startup with both an app and a piece of hardware that allows the iPhone and Android to accept credit card payments. Jack is also listed as one of 20 serial entrepreneurs on An Entrepreneurial Mind.