Oce Reaffirms MICR Printing Leadership with Expanded Offerings

Press release from the issuing company

BOCA RATON, FL—October 27, 2003—Oce, a leading provider of production-class digital printing solutions, today announced that it has expanded its MICR capability to firmly establish the company’s leadership as a provider of MICR printing solutions. Now MICR support is available across the full spectrum of Océ product lines and solutions, including the new Océ 750II MICR system, the Océ VarioPrint 5000 family, and the Océ VarioStream 7000 series. As a result, customers can select from the industry’s widest variety of high quality MICR solutions available across a range of print speeds and capabilities. MICR (Magnetic Image Character Recognition) refers to the magnetized numbers printed across the bottom of checks and other instruments. These numbers must be readable by bank equipment at very high speeds with near perfect reliability, making MICR a very demanding printing application. Océ MICR systems are designed to help customers avoid problems and downtime and achieve success with these challenging documents. “Our growing complement of MICR solutions demonstrates Océ’s leadership in providing our customers with the right tools for whatever jobs they face,” said Carl Joachim, vice president of marketing for Océ Printing Systems USA. “From production-level output to distributed printing environments, Océ offers a broad range of advanced, reliable MICR solutions. The newest Océ 750II MICR system rounds out our offering on the lower volume range, while the QCDS makes it incredibly easy and economical to add MICR capabilities at the mid- and high-end. With such a broad range of solutions, along with the industry’s best MICR experience and support, we have established a new standard for MICR performance in the industry.” Companies in all market segments, including banks, financial services, insurance, and service bureaus rely on high-performance Océ printers for high-quality MICR output. With on-demand printing of high-quality MICR output, organizations can save time and eliminate the need and risk of storing blank pre-printed checks and other negotiable documents. The new Océ 750II MICR system expands Océ’s broad offering of MICR functionality and reinforces the company’s leadership as a provider of world-class MICR printing solutions. This new solution builds on the proven value of the Océ 750II to give customers an enhanced solution that fully addresses their MICR requirements. The 75-ppm Océ 750II MICR system is ideal for midrange transactional production and distributed printing environments that need to produce checks, pre-authorized drafts, coupon payment books, deposit books and other MICR documents. As customers face pressure to do more with less, the modular Océ VarioPrint 5000 printer offers many capabilities in just one system. The Océ VarioPrint 5000 has the power to handle virtually any cut-sheet publishing or transactional print application with monochrome, CustomTone highlight color, and now MICR imaging. The time-saving Océ Quick Change Developer Station (QCDS) allows different applications, including black/white, color or even MICR, to be printed on the same machine without lengthy setup. If printing volumes increase or output requirements change, customer-friendly adaptability allows the systems to be upgraded in the field to guarantee investment protection with minimal downtime. Along with support for a wide range of resolutions, toner types, paper stocks and applications, the Océ VarioPrint 5000 system offers high-capacity throughput, a lower total cost of ownership, and complete versatility. QCDS-based MICR output is fully backed by the Océ MICR Guarantee, which represents the industry’s best experience and support. This assures customers that they can count on reliable performance and standard-setting quality. The Océ VarioStream family of web-fed digital printers is the most upgradeable in the industry, with quick-change adaptability that enables a future-proof solution. The production-class Océ VarioStream 7000 family supports MICR output in web-fed printing environments, and the Océ Enhanced Print Quality (EPQ) feature newly available for these printers further sets the benchmark for speed and quality. EPQ uses an innovative toner transfer technique to deliver superior graphics quality, crisp half tones, solid blacks and improved consistency on an extensive range of substrates at unmatched speeds. EPQ is available on all existing and new Océ VarioStream 7000 pinless printing systems. It not only illustrates Océ’s continuing commitment to providing commercial customers with solid investment protection, but also underscores the company’s focus on world-class digital quality and versatility. Because failed MICR scans can be expensive and time-consuming to correct, Océ toner is designed to adheres to the paper even under adverse conditions, including weather fluctuations, human handling, and repeated runs through readers and sorters. Paper handling, placement, perforation types, and location of preprinted information also are critical factors for successful MICR output. Placement of the MICR line must be precise because even a small mistake can misalign the image and cause a reject. The magnetic toner must be absorbed by the paper and not smear, so paper and toner must be compatible. Industry experience and knowledge have well prepared Océ to help customers avoid these problems.