[SPRINGFIELD, IL - April 11, 2005] - Levi, Ray & Shoup, Inc. (LRS) announced an agreement between LRS and Source Technologies to expand their relationship based on complementary products and services "The relationship brings together unique new offerings that provide enhanced output management and security for specialized applications like distributed check printing," said John Runions, Global Business Alliances Manager for LRS.
There are customers with AFP/Xerox print streams who will benefit from distributed printing of checks and other negotiable documents. LRS' solutions enable conversion to PostScript, PCL, or other page description languages (PDLs), and then deliver output to Source Technologies' MICR-enabled printers. LRS Secure solutions work with Source Technologies' secure MICR laser printers and check printing software to protect distributed or centralized printing of checks and image replacement documents (IRDs), applying end-to-end encryption that meets AES guidelines and Federal government standards.
Remote ASP customers (especially in financial and health industries) have additional EOM requirements, which can include forms design and management. Source Technologies' software solutions incorporate easy-to-use tools for forms design and management, especially for checks and IRDs. Miles Busby, President of Source Technologies, said, "We are very proud to have a role in leading solutions that target the fast-growing secure printing market with the ability to revolutionize customer-facing print operations."
About Source Technologies
Founded in 1986, Charlotte, N.C.-based Source Technologies is a leading provider of integrated solutions for managing financial transactions and other secure business processes. In addition to its family of magnetic ink character recognition (MICR) printers and consumables, Source Technologies offers secure disbursement software and the ground-breaking CONCOURSE family of branch automation and self-service solutions. Customers include nine of the top ten U.S. Banks, plus hundreds of Fortune 1000 and mid-sized companies. Source Technologies has created more than $400 million in economic value for its customers in the last ten years. For more information, visit www.source-us.com.
LRS is a privately-held company with corporate headquarters located in Springfield, Illinois. Remote offices are located throughout the United States and in key geographic regions around the world. More than half of the Fortune 500 and Fortune 500 Service companies rely on industry-leading LRS solutions, with products in use in over 30 countries. Gartner and other analyst groups recognize LRS as a global IT leader. Software Magazine consistently ranks LRS as one of the top 200 software companies in the world. For more information about LRS, visit www.VPS.com.
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LRS is a registered trademark of Levi, Ray & Shoup, Inc. and VPSX is a trademark of Levi, Ray & Shoup, Inc. All other brand and product names are trademarks or service marks of their respective holders.