Top-Tier Financial Services Institution Selects TransAct's BANKjet Printer
biz.yahoo.com
Wednesday June 29, 10:00 am ET
TransAct to Ship a Minimum of 6,000 BANKjet(R) 1500 Printers
WALLINGFORD, Conn., June 29 /PRNewswire-FirstCall/ -- TransAct Technologies Incorporated (Nasdaq: TACT), a leading producer of transaction- based printers for customers worldwide, today announced that a top-tier financial services company, with over $90 billion in assets, has selected TransAct's BANKjet® 1500 printers for use at up to 6,000 of its bank teller stations. The Company expects to ship a small amount of printers this month with the remainder of the units expected to ship in the third quarter of 2005.
Bart C. Shuldman, Chairman, President and CEO said, "This is a major win for our BANKjet® 1500 printer and is further proof that we offer the most compelling printer solutions available to meet the needs of the financial services sector. We specifically developed our BANKjet printer to address the various needs of financial institutions, from faster printing, to color printing with the combined capabilities to print receipts and validate checks and forms. We remain a market leader with our inkjet technology for banks, and believe financial institutions will continue to seek out our innovative and proprietary printing solutions."
TransAct's BANKjet inkjet printers help financial institutions to leverage each interaction with their customers to raise awareness and promote their brands, other products and services, ranging from the latest CD and mortgage rates to financial planning services. The BANKjet 1500 also offers bank tellers and retailers form and check validation combined with receipt printing capabilities. The patented validation approach includes a pair of sensors that ensure proper form registration and alignment before printing occurs. The printer can validate forms that are fed into the printer in either length or width orientation, giving the operator an expanded printing area, while cost effectively improving overall transaction time with high-quality, two- color printing on low cost media. |
