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Buyer's Guide:  Check Processors


What  is Check  Processing?

Check processing business appliance are used to imprint signatures, print dollar  amounts,  apply endorsement stamps, & enforce security measures to protect  , restrict access to checks. These machines are  ideal for  accounts payable , payroll operations processing  big volumes of checks where efficiency  & secure  fiscal control  is essential.

Choosing correct Processor

Different business appliance have  different security measures.
Decide  what level  of security is  required. Security measures range  only from simple  locks and  keys  so that unauthorized  personnel cannot access business appliance to programmable passwords specified to individual  users  , accounts.

Decide exact what kind  of business appliance you want.
If you want a business appliance that does more  than  one job, you may might want to consider multiple use device like  signer/endorser, which can sign  , endorse checks. Below you will  find only some questions you should consider  in order to benefit you pick the check processor that  would best fulfill  your  needs.

Factors to Consider

  • What are your security  concerns?
  • Some common security interests are:
    1. Dual key locks  dedicated to machinary operation
    2.
    Lock  on signature plate  cover to prevent  tampering only with signature
    3.  Ultraviolet ink responds under a fluorescent light  to prove authenticity
    4.  Tricolor ink prints the signature in three colors  to  stifle alteration
    5: Password protection dedicated to  individual accounts

  • How many people will  be using machine?
  • How many different accounts  do you need to have equipment process?
  • Do you need to procedure foreign currencies?
  • How heavy would the check amounts be that business appliance  could  be processing (# of digits)?
  • How  heavy are the documents you need to process?
  • Do  you  wish your check processor to have auditing capabilities?
  • Some of business appliance have ability to  print  various  reports that can be used only for auditing &  security: only some examples are operator reports dedicated to  balancing, daily reports dedicated to single  transaction detail, & summary  reports for transaction report  by operator.

  • How fast could you like  to  process your checks?

Types of Check Processors

Check Writers
Check Writers  are  used to print data on blank checks, including the  payee, date, & quantity (multiple currencies). most commonly used version of check writers are manually operated. Electronic models  are available as stand-alone  devices or  they may be attached to personal  computers.

Check Signers
Check Signers  are used to  sign checks (using engraved signature plates) that have already been imprinted  using a check  writer or one written  by hand. Most models  include plates dedicated to  two signatures.

Signer/Endorsers
Signer/Endorsers are business appliance available  with one or both functions, which can either  imprint signature (using engraved plates) or  emboss  (also engraved plate) the  back of checks only with exact banking/deposit  information (bank name, account  number , branch number):

Check Protectors
Check Protectors guard against check fraud by imprinting the  check quantity directly  into rather  than "on to"  the check fabric. This makes  alteration to the original check information  very  difficult.

Check  Certifiers
Check Certifiers acknowledge  that the signature of the maker is genuine &  that  there are sufficient funds on deposit  dedicated to its  payment by stamping  on the  face  of check.

Glossary

  • Adjustable  Guides - Feed the documents into the business appliance only for processing and assist in  determining the  location only for imprint/endorsement. guides are adjustable to accommodate  different paper sizes

  • Audit -  An examination  of  records or financial accounts to check  their accuracy

  • Automatic  Last Form Shut-off - Energy saving feature that  automatically turns off the business appliance shortly after last document has been processed. This  is very helpful so that  you don't have to sit next to  the business appliance , wait  dedicated to job to be completed

  • Automatic Trip  - A detector that automatically runs the equipment when a document enters its path 

  • Batch counter -  A visual counter  on machine  that tallies every  duration an  imprint or endorsement is made 
      Resettable  -  The counter can be  reset to 0 at any of time to start new count
      Non-Resettable - counter cannot be  reset.  This  is the more secure option , allows you to  strictly monitor usage
    picture  of business appliance only with  continuous feed

  • Continuous Feed - Documents that are  connected enter the  machinary continuously without pausing dedicated to reloading (opposite of  cut  sheet). See picture on  the

  • Crash Imprinting - Signifies that the machinary is made with a metal etching plate (magnesium) instead  of rubber, which allows the imprint  to "crash" through  a multi-form  document such as carbon copy  and leave the imprint on all the documents instead of  just  top one  picture of business appliance loading one cut sheet at time

  • Cut Sheet - Individual document  that is not attached to others  (opposite of continuous feed). See  the picture on the correct

  • Digit Capacity - Maximum quantity  of digits the equipment can  print. critical because  you  would wish to consider largest check  amounts you regularly  write

  • Dual  key  Access - Two separate locks that have to be unlocked only for equipment to operate 

  • Endorse -  To write one's signature on back of (a check, for example) as  evidence of legal transfer of its ownership, especially in  return  for cash or credit indicated on its face

  • Hopper - Holds blank documents  in stack  shortly before they enter business appliance

  • Hopper capacity - The number  of documents  hopper can hold

  • Imprint -  To produce  (a  mark or pattern) on surface by pressure

  • Imprint Area Size - How big  of imprint the machine would make on a  document. Consider  imprint  area in relation  to the  size  of signature  you might want and size of documents you could be stamping

  • Max Paper Width -  The widest check size that can be fed  into  business appliance

  • Max Paper dimension  - Defines the longest check size that can be fed into the equipment

  • Max Speed - Number of checks  per  minute that business appliance  can action

  • Metal Cast Construction  - A high greatness construction. Essentially the  machinary  is made using metal, which  will  prevent the business appliance only from breaking  easily

  • Signature Plate - This is metal template  that has your signature engraved into it. The machine uses  this template to stamp your signature onto  documents. signature form would be sent upon purchase  to  be  submitted to the manufacturer.
    This form will be used  to  create your customized signature  plate: See picture  on right

  • Tamper resistant - Made with screws that  are not un-screwable only with a  traditional  Phillips or flathead screwdriver.  manufacturer alone could open up  machine.
    This  feature is destined to deter people that are from trying  to  open up the  machinary & tamper only with  the  components 

  • close up pic on  tricolor ink  rollTri-color Ink  Roll  -  Special ink roll that has three separate colors.  machinary uses roll to create signatures in three colors (for signature example, see picture on the right), making it harder to forge or alter

  • Ultraviolet Roll - Special ink  roll that uses ink  that becomes apparent  under a fluorescent light.
    This ink is used to stifle alteration in checks  and prove  whether or not the check is authentic