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Rosetta enters agreement to provide secure MICR technology for Ricoh laser printers.
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Ricoh Americas
Corporation Selects Rosetta Technologies for MICR Technology Tampa, FL – April 23, 2007 Rosetta Technologies Corporation announced today that it has entered into an agreement with Ricoh Americas Corporation, headquartered in West Caldwell, NJ, to be a value added reseller providing secure Magnetic Ink Character Recognition (MICR) technology for the Ricoh line of laser printers. MICR, in use in the United States since the 1950s, involves the special numbers and symbols found at the very bottom of checks. These numbers and symbols are used to route and clear paper check payments through the banking system and are read by high speed reader/sorters that capture the MICR line information. Printing MICR characters requires stringent adherence to established standards for character formation, placement and performance characteristics. In addition, security features must be built into these printers to prevent fraud and tampering, as well as providing the data security required in today's business and banking world. Under the agreement, Ricoh Americas Corporation will provide standard print engines and accessories to Rosetta Technologies that will then convert them to MICR-capable units. As a Value Added Reseller, Rosetta will be responsible for all aspects of the MICR market, and will work in conjunction with Ricoh, and other resellers to promote, sell and support the MICR-enabled products. Rosetta Technologies will also provide MICR toner cartridges and service for these products. Rob Hullar, President and CEO of Rosetta Technologies said, “We are extremely pleased to extend our already excellent relationship with Ricoh to include their workgroup line of laser printers in our family of MICR products. Ricoh's unique and robust printer technology has provided a strong technical base to work from, helping us to create very secure MICR printers that drive performance and cost of printing to new levels.” He added, “Rosetta Technologies already has a very successful line of production MICR printers based on high speed Ricoh printers, and the addition of these new printers rounds out our offering and creates a very comprehensive and competitive product line. Coupled with our software solutions and service, Rosetta and Ricoh will offer a wide breadth of very effective solutions for both traditional business check writing applications and substitute check printing for the emerging Check 21 market.” “Ricoh is pleased to be working with Rosetta Technologies to enhance the function of their printers and to provide their customers with the best quality product available,” said Ron Potesky, vice president, Corporate Product Marketing. About Rosetta Technologies Rosetta Technologies Corporation has been developing MICR printing solutions since the early 1990s. As a total solution leader for enterprise check printing, the Company delivers a full-service product set for business-critical applications such as check printing and secure documents. The Company's offerings include a complete family of MICR laser printers, engineered by Rosetta Technologies for ANSI compliant MICR output, software packages for check printing and IRD printing, output and disbursement management, post processing equipment, supplies, and service. Rosetta Technologies is a standing member of the American National Standards X9 committee. On the Web: www.rosettatechnologies.com. Media Contact: About Ricoh Americas Corporation Ricoh Americas Corporation, headquartered in West Caldwell, N.J., is a subsidiary of Ricoh Company Ltd., the 71-year-old leading supplier of office automation equipment and electronics. Ricoh Americas Corporation is a leading provider of document solutions. Ricoh's fully integrated hardware and software products help businesses share information by enabling customers to control the input, management and output of documents. Information about Ricoh's complete range of products and services can be accessed on the World Wide Web at www.ricoh-usa.com. Information about Ricoh's complete range of products and services can be accessed on the World Wide Web at www.ricoh-usa.com. |
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PRESS RELEASES
Rosetta Technologies Worldwide
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