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Rosetta Technologies Introduces Affordable Pre-Packaged
IRD Printing Solution
- IRDPrint OnSight includes software and MICR printer for printing IRDs -
Tampa, FL - August 10, 2009
Rosetta Technologies, a leading provider of MICR printers and check and Image Replacement Document (IRD) software solutions, announced the availability of IRDPrint OnSight, an all-in-one solution that offers financial institutions a low cost option for printing IRDs from X9 electronic cash letters received directly from the Federal Reserve Bank or other item processor. The IRDPrint OnSight solution includes hardware, software, MICR toner, and IRD paper, everything needed to print standards-compliant IRDs from an X9.37-2003 image file.
IRDPrint OnSight can be used to print all types of IRDs including forward and return items. “The move to electronic files has been unprecedented, but the need for IRDs still exists, particularly in the day-two processing of returns.” said Jim Maher, vice president and chief technical officer, Rosetta Technologies. “IRDPrint OnSight creates the opportunity to receive returns electronically without buying expensive platform upgrades or implementing complex technology to support low volume processing.”
“We have seen tremendous demand for low volume low cost IRD print solutions to support returns processing” said Rob Hullar, president. “Printing IRDs for processing electronically-received returns creates a better business case than re-engineering day-2 processing for low volume banks.”
IRDPrint OnSight was developed from Rosetta’s IRDPrint Director platform which has been in production since 2004 and is used to print tens of millions of IRDs each month by some of the industry’s largest banks and item processors. The IRDPrint OnSight software and included MICR IRD printer are tightly coupled so that the solution installs quickly and is easy to use and support. It provides exceptional security, visibility, and control over the IRD print process.
“Things that were being discussed as potential only a few years ago are now becoming reality through Check 21 and the work of organizations like Rosetta Technologies. We’re now on the verge of full image exchange. Adoption of electronic receipt of returns is a critical aspect of achieving this objective,” says Mark Kielman, industry relationship manager for the Federal Reserve Banks.
About Rosetta Technologies
Founded in 1987, Rosetta Technologies is dedicated to developing and marketing the world's most technically advanced printers, consumables, and software for magnetic ink character recognition (MICR) applications. As Ricoh's exclusive MICR engineering partner, Rosetta offers the industry's widest range of MICR printers and consumables, from compact desktop to high-speed cut-sheet production printers, plus post-processing equipment, supplies, and 24x7 support. The company also offers comprehensive software packages for IRD and check printing. Located in Tampa FL, Rosetta is a standing member of the American National Standards X9 committee. For more information, visit www.rosettatechnologies.com.
About the Federal Reserve Banks
The Federal Reserve Banks offer a full range of financial services including Cash, Check 21-enabled Check Services, FedImage® Services, FedACH®, Fedwire® Funds Service, Fedwire Securities Service and National Settlement Service. In addition, the Fed offers services designed to support the use of Financial Services, including Account Management Information and Service Charge Information.
For more information about the Federal Reserve Banks’ products and services, visit
www.frbservices.org.
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