CIM-Data CPA006 Features

* Available in small quantities of
   coloured blank stock.

* Logo Macro and Bank Logo
   Macro printed by Laser Printer.

* Cheque# and Bank Account
   printed by Laser Printer.

* Security Cheque Paper
   Features.

The Canadian Payments Association has developed new standards for cheques in Canada. In January 2006, they issued what should be their last set of clarifications. By January 2007, all cheques cleared in Canada are expected to use the new format and they hope by January 2007, all businesses will adopt the new cheque format. It is likely old format cheques will still be processed after January 2007 but this has not been stated clearly. http://www.cdnpay.ca/news/new_cheque_specs.asp

The purpose of the change is to allow for better quality electronic imaging of cheques. One important change is that all cheques must now have the cheque number magnetically encoded on the bottom. These are available from your bank for manually produced cheques. Other changes include date and amount field changes and standard printing on the back of the cheque.

Laser Printer Required

When produced from a computer, pre-printed cheque numbers are messy to deal with in the event of paper jams. For some time now, some CIM-Data customers have been printing magnetic cheque numbers using magnetic toner in their laser. Since the bank can read the cheque number and include it in their statements, reconciliation is much easier.

* Special Magnetic Toner Required

Magnetic toner cartridges cost an additional 10% to 20% (amounting to perhaps $2 per thousand cheques) and are available for most laser printers. If you have trouble finding one for your laser, we may be able to source one for you. We really suggest a separate, small laser printer for cheque printing.

Security Paper with Reduced Costsss

We took this opportunity to re-package cheques. Starting in February, in addition to fully custom printed cheques, we will supply pre-printed cheque paper with built-in security features to help detect tampering. Instead of pre-printing your name and your bank name, we will supply logo macro files which will be printed when the cheque is printed, providing additional security protection against stolen cheques. Cheque paper will now also be available in smaller quantities.

Overall, your costs for cheque printing, even with a laser printer, should be the same or lower as in the past. For Pricing...