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MICR/Check Printing

AFTS MICR Printing Services are used by various financial institutions to facilitate their MICR needs. MICR (Magnetic Image Character Recognition) is the magnetized computer-looking numbers across the bottom of your checks. These numbers, because they are printed in magnetic ink, exude a different magnetic signature due to their shape. These numbers are readable at very high speeds by bank equipment (called a reader/sorter).

This method of transferring money has been around for quite a while now, and everyone has learned how to do it efficiently. In fact, MICR encoded checks are cheaper for banks to process than electronic transactions, such as EFT and ACH!

AFTS MICR Printing Services are very similar to our Laser Printing Services, in fact, in most cases, a document is laser printed first, and then MICR printed. These are some of the products we have developed using MICR:

Pre-authorized checks - insurance companies would rather pay us to print a check to clear through regular ABA checking than to do ACH -- it's much cheaper!

Bank card checks -- a bank wants to offer it's credit card customers some checks which are tied to their credit card

Coupon books -- a customer wants to use a remittance processor that requires MICR coupons.

Output of this service can be passed directly to a bank for deposit, returned to you, or passed on to our Mailing Preparation Services.

Standard turn-around time is 24 hours from receipt of data on recurring jobs, one-time jobs are scheduled according to the level of customization.



The AFTS Family of Companies

Your Complete Payment
Services Solution

Automatic Funds Transfer Services has been providing cost effective solutions related to data processing, invoicing, statement printing, mailing and payment collection through automated lock-box functions since 1971. We are now a growing group of companies dedicated to helping you with your complete Payments Cycle.

AFTS is Registered with Nationwide Mortgage Licensing System & Registry

NMLS ID #337842