When it comes to the technology involved in printing checks, the finance industry has come up with so many innovations that have paved the way for more secure transactions. In the past, banks were the only sources for printing checks. Nowadays, check printing services are practically everywhere–from companies that print out checks; some charitable institutions; and, of course, the Internet.
Check printing companies offer cheaper services as compared to their bank counterparts. High rates could be easily avoided with the employment of these companies. Also, the number of days in ordering checks have been dramatically reduced which makes them a popular choice among users. More and more companies now personalize their checks and the numbers just keep growing.
Most of the companies who offer their services to print checks use special software. For individuals who want to do the printing themselves, these software programs can be easily downloaded at a certain price (others come for free but only come with basic features).
In order to come up with special printed out checks, a special paper is used by these companies. A bank check now normally utilizes the MICR or Magnetic Ink Character Recognition technology and they can only be printed on these special, safety papers. A check paper is a bonded paper that has been treated with chemicals and is primarily used in printing deposit slips, coupons, bonds, merchandise certificates, warranties, and checks.
This special type of paper is highly durable and can even be used with high-speed equipment due to its resilience to stress. Also, it has a unique security feature as it can help detect alterations on the check or even forgery. Other security features include watermarks and original document security screen; microline; warning band; and void pantographs. And for the artistic users out there, they can even choose from a variety of designs and colors.
The papers used in printing checks have to meet certain requirements before they pass the quality checks. The moisture content of these papers has to be on the range of 4-6%. In order to remain at such a range, they have to be stored in an area that is free from extreme hot or cold temperatures. Also, humidity must be avoided. Formatted checks are then printed out on blank secure safety check stock with the aid of laser printers and MICR toners.
All checks that have been printed and have conformed to these standards that were set by the Federal Reserve Board of Governors CC could then be released to their users. Such are the rigorous practices that are involved in printing checks if only to ensure security–and they’re really worth it.
