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MICR printing and toner does whatever that pre printed checks can do, however better. Safe printing software can minimize consumer wait times by 75%, minimize paper costs by 80%, and eliminate labor expenses related to distribution, storage, inventory and security of pre printed checks. Unlike pre printed checks, which require intricate systems to avoid potential fraud, MICR printing gadgets are connected with minimal risk to the bank.
While it uses up to 8 minutes to provide a pre printed check, it takes only 2 minutes to issue a check by means of an MICR printing gadget. Enhanced staff effectiveness. MICR printing gadgets can release up time for personnel throughout the work day, by eliminating the requirement to maintain an audit trail.
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Customers gain from faster check issuance and lower wait times. Reduced costs. Your bank will invest less on personnel and less on materials using MICR printing devices. Let's discuss the data one more time: MICR check printing gadgets assist financial organizations conserve up to 82% on internal processes and paper expenses.
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Paper for blank checks costs just $0. 21 per check, while paper for pre-printed checks cost $2. 13. The estimated 3-year cost savings for a bank that changes from pre-printed check use to MICR check printing is around $307,540. The approximated 5-year savings for a bank that switches from pre-printed check usage to MICR check printing is approximately $511,900.
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Setup of protected printing hardware and software in your bank or banks saves money in ways that are both direct and indirect. To discover more about how you can lower expenses at your bank branch, contact Source Technologies to establish a product demo. OnlineCheckWriter.com can answer your concerns and tell you more about how our solutions can alter the method your bank does service.
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At Checkomatic, we have actually curated a diverse variety of premium company look for all kinds of organizations. While a lot of companies have a fondness for pre-printed computer checks, we also understand that some business prefer to manually compose their checks. If you're one such organization owner, get your hands on our fantastic selection of blank check paper today.