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The Great Check 21 Land Grab
Written By: Glen Fossella
Rosetta Technologies is dedicated to developing and marketing the world’s most
technically advanced printers, software and consumables for magnetic ink character
recognition (MICR) applications. Rosetta’s IRDPrint software suite and production
MICR printers are deployed at several Top Ten banks and some of the industry’s
largest item processors. The company’s solutions are used to process tens-of-millions
of items monthly at scores of locations nationwide. Additionally, Rosetta offers
consumables, post-processing equipment, and 24x7 support.
We have produced this white paper for our customers, partners, and prospects to
present our view of the current and potential future state of check processing. The
continuing evolution of payments in general and Check 21 in particular are very
dynamic. In this paper, we look at the continuing evolution of the processes and
technology that came about due to the implementation of Check 21 in October,
2004. We evaluate the current Check 21 landscape as well as examining the future
of the industry based on the actions of the major players in the industry.
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