Answer:
The purpose of an Image Replacement Document (IRD) printer is to convert a check image into a legal document, i.e., Substitute Check. Legally, an IRD is NOT a substitute check unless it meets all of the requirements defined by Check 21 law. However, an IRD is the common reference for these documents and having an in-house IRD printer means that you can print an IRD for returning "charge-backs" for your customers without having to wait for a service bureau to print them and paying them extra.
T. Houston Technology Group provides a full range of Remote Deposit Capture legal and regulatory documents, auditing work plans, marketing and training services for financial institutions. Since 1989, we have built a reputation based on technical quality and dedication to client service. Visit out Website at www.thouston.com.
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