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Increases Functionality of Transactional Self-Service Kiosks

CHARLOTTE, N.C.--(www.AllPayNews.com)--Source Technologies, a leading provider of integrated solutions for managing financial transactions and other secure business processes, announced the availability of the CXK20, a check imager and retainer specifically designed for transactional self-service applications.

With the new CXK20, kiosk-equipped retailers and financial institutions can securely accept checks at the kiosk. The CXK20 reads and decodes the MICR line, images and stamps both the front and back of the check, and prints the endorsement, all in a single pass. Depending on a merchant’s check processing scheme, it can securely retain the check in compliance with Check 21 guidelines, or return it to the customer. The CXK20 can retain up to 190 checks between servicing. It is compatible with Source Technologies’ Concourse 3-, 5- and 7-series kiosks.

“As one of the earliest providers of transactional kiosks, we saw the need for a check scanner built specifically for self-service kiosk transactions,” said Bill Lynch, vice president of self-service at Source Technologies. “In reviewing our options from other vendors, we found scanners that retain checks to be too big and too expensive. We designed the CXK20 specifically to support the various applications of our transactional kiosk customers.”

About Source Technologies

Founded in 1986, Charlotte, N.C.-based Source Technologies is a leading provider of integrated solutions for managing financial transactions and other secure business processes. In addition to the Concourse™ family of self-service kiosks, Source Technologies offers secure disbursement software solutions and magnetic ink character recognition (MICR) printers and consumables for secure document applications. Customers include nine of the top ten U.S. Banks, plus hundreds of community banks, credit unions, Fortune 1000 and mid-sized companies. Source Technologies has created more than $500 million in economic value for its customers in the last ten years. For more information, visit www.sourcetech.com.

Contacts
For Source Technologies
Carol Kennemore, 678-781-7205