
Here are answers to the most Frequently Asked Questions (FAQ's) about MICR Prime Services, its products, systems, terms of service, pricing, etc. If you think something is missing, please let us know.
General
Many are predicting the demise of paper checks due to the introduction of Electronic Bill Paying and Presentment (EBPP) technology (debit cards, RFID payment devices, etc.).
It is true that electronic high tech payment methods have impacted check usage. Even so, paper checks will not be going away any time soon. Paper checks remain the preferred non-cash payment method by a wide margin, far out stripping all other non-cash payment methods combined. There are good reasons.
1. Some customers just prefer personalized checks, hand signatures for transacting business, and the hard copy paper trail for record keeping and audits.
2. Replacing paper checks will require a Sea Change. Until a worldwide standardized accounting platform is adopted (very unlikely) the “paperless society” will remain a persistent myth.
3. Many folks refuse to adopt the electronic age. They distrust the technology, particularly if they perceive that big brother could gain access to their business activity. This is especially true for upscale high balance clients and commercial accounts.
4. The biggest user complaint of electronic banking services is the time it takes to get personalized paper checks.
5. Paper checks provide a degree of privacy and portability. For people on the move it is a convenience they like, unrestricted by electronics.
6. Improved service quality is a primary focus for most community banks. Immediately fulfilling customer demand for personalized checks is a strategic high-tech high-touch fix to the slow delivery methods used by traditional check service providers.
7. In house check production fosters face-to-face communication with that market segment most likely to use paper checks. These time-is-money folk appreciate the value of immediate service. (See "Check User Profiles" video.)
DPS2+ (MICR Document Production Software)
Will there be hours of training?
No staff training is necessary. You will be operational within one hour, creating checks, loan coupons, official checks and all other MICR documents. It really is that simple.
Is the package a secure system?
The software has double password protection throughout. System Administrator and individual user profiles define permissions for system access, the items that can be produced, system editing, and report generation. The Official Checks module carries upper dollar limits and an auto-sign option. DPS2+ is the ideal package for producing sensitive MICR documents.
Can we see samples of the available MICR documents?
Yes. Click on this GALLERY LINK to see all of the DPS2+ system software's data entry and document screen shots. We would be happy to send you a no-obligation demonstration kit of the MICR DPS 2+ system with a working version of the software. Demonstration checks will print the word "VOID" on the face. A sample finished book of personal checks is included in the demonstration kit along with a couple of our patented checkbook Bak:R cards and a small supply of personal check stock and deposit slips. These few supplies along with a manual stapler will allow you to see how easy it is to make a book of checks for your clients. Please call us or use our CONTACT US form to request a free demonstration kit.
Check:R Short Order Checkbook Production, Binding and Finishing System
What do we need to get started - equipment and supplies?
The Check:R Starter Kit makes it easy -- you get the specially engineered manual stapler and sufficient supplies for 40 economy checkbooks (Bak:R card, staples, personal 4-to-a-page check paper stock, and 4-to-a-page deposit slip paper stock).