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CRI 1000i Enables Check Conversion
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On
another VeriFone note, the company recently introduced the VeriFone CR
1000i, a check reader/imager for multi-lane retail merchants. The three
features of the VeriFone CR 1000i that enable check conversion at the POS
are: ¥
dual interface capabilities ¥
advanced imaging technologies ¥
a user-friendly design that minimizes training and errors NACHA
hosted the Electronic Check Conference September 11-12 in New Orleans and
if you were there you know that the recurring question was not "How
do we make checks electronic?" but rather "How do we get
merchants to use electronic checks?" The CR1000i is one tool that
VeriFone hopes will facilitate the transition. The
VeriFone CR 1000i marks VeriFone's entry into the check-conversion
marketplace. The dual interface capabilities allow retailers to connect
the CR 1000i to a POS system or electronic cash register, or if they
prefer, to an Ethernet-based local area network. What this means is that
the CR 1000i can become a drop-in replacement for an existing MICR-only
check reader in a legacy POS environment. Therefore, the merchant saves
money and does not have to retrain cashiers. The
CR 1000i employs three intelligent imaging algorithms to optimize the size
of the check image data. These capabilities eliminate the background
images (the designs on the check) and focus on the key quadrants of the
check. Industry-standard compression techniques are employed to make the
data faster and easier to store and transmit. How
it Works The
VeriFone CR 1000i is specially suited to enable multi-lane retail
merchants to conduct check conversion. The clerk feeds the check through
the CR 1000i. As the check passes through the device, a censor captures a
300-dpi, black-and-white image of the check, while MICR-encoded
information is read concurrently. The customer signs an authorization slip
recognizing that the check transaction has been converted into a digital
transaction. The used check is handed back to the customer. From that
point on, the check is a digital file. ".
. .the VeriFone CR 1000i represents an enormous opportunity for VeriFone
to reaffirm its leadership position in check-conversion solutions,"
said John Selep, product line manager at VeriFone. "The VeriFone CR
1000i reliably extends the benefits of check conversion by offering
multi-lane retailers connectivity and configuration flexibility that make
it easy to integrate into an existing POS environment," Selep
continued.
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