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MICR Overview
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MICR Overview

  • Multi-level signature limits - Troy Checkwriting Software facilitates one, two or no signature(s) on a check depending on user-configurable signing limits
  • Digital signature encryption - to prevent unauthorized usage, all signatures are encrypted and can only be used by the Troy Checkwriting Software. Activation of signatures with a signature card and magnetic card reader are optional for additional security
  • Fully customizable operator privileges - management can configure operator privileges and control account access (e.g. A/P, Payroll), check signing privileges, etc
  • Physical security - a USB key prevents unauthorized usage of the software. Software access and check printing is impossible without the unique USB
  • Built-in reporting - Audit and Archive Reporting provides information (including: check amount, number, date, payee name, and the user that printed the check run) based upon either the current batch of checks being printed or historical information

Optional Software Modules

  • Positive Pay - creates a reference file that is used by your bank to ensure that only authorized checks are cashed
  • ManualChecks - allows users to generate manual checks independent of the financial software system. This is an excellent solution for checks that need to be printed immediately
  • Reconciliation - allows users to keep track of outstanding checks by manually adding "Clear" or "Void" flags to check records, or automatically by importing an electronic file (containing a list of checks)
  • OMR (Optical Mark Recognition) - recognizes mark to know when to separate group of pages

 
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