Rosetta intros pre-packaged IRD printing solution

TAMPA, USA: Rosetta Technologies, a leading provider of MICR printers and check and Image Replacement Document (IRD) software solutions, announced the availability of IRDPrint OnSight, an all-in-one solution that offers financial institutions a low cost option for printing IRDs from X9 electronic cash letters received directly from the Federal Reserve Bank or other item processor.

The IRDPrint OnSight solution includes hardware, software, MICR toner, and IRD paper, everything needed to print standards-compliant IRDs from an X9.37-2003 image file.

IRDPrint OnSight can be used to print all types of IRDs including forward and return items. "The move to electronic files has been unprecedented, but the need for IRDs still exists, particularly in the day-two processing of returns," said Jim Maher, vice president and chief technical officer, Rosetta Technologies.

"IRDPrint OnSight creates the opportunity to receive returns electronically without buying expensive platform upgrades or implementing complex technology to support low volume processing."

"We have seen tremendous demand for low volume low cost IRD print solutions to support returns processing," said Rob Hullar, president. "Printing IRDs for processing electronically-received returns creates a better business case than re-engineering day-two processing for low volume banks."

IRDPrint OnSight was developed from Rosetta's IRDPrint Director platform which has been in production since 2004 and is used to print tens of millions of IRDs each month by some of the industry's largest banks and item processors.

The IRDPrint OnSight software and included MICR IRD printer are tightly coupled so that the solution installs quickly and is easy to use and support. It provides exceptional security, visibility, and control over the IRD print process.

"Things that were being discussed as potential only a few years ago are now becoming reality through Check 21 and the work of organizations like Rosetta Technologies. We're now on the verge of full image exchange. Adoption of electronic receipt of returns is a critical aspect of achieving this objective," says Mark Kielman, industry relationship manager for the Federal Reserve Banks.