Name

Source Technologies

Legal name

Source Technologies

Website

https://sourcetech.com

Company type

Private

Founded year

1986

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Secure Printing and Payment Automation

NAICS

Computer Terminal and Other Computer Peripheral Equipment Manufacturing (334118), Printing Ink Manufacturing (325910), Custom Computer Programming Services (541511), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Printing Trades Machinery & Equipment (3555)

akta.pro primary industry

Receipt, Label & Card Printers (Thermal/Impact) (HDACAKAD)

akta.pro secondary industries

POS, SoftPOS & In-Person Acceptance Infrastructure (FSAGABAO), Bill Pay, Invoicing & Payables Platforms (BPAMAFAF), Dispute, Chargeback & Refund Automation (FSAGABAI)

Keywords

• MICR check printing
• Self-service banking kiosks
• Robotic process automation
• Secure payment software
• Enterprise check printing

Headquarters

HQ city

Charlotte

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Hardware Sales: Sale of MICR secure printers, thermal printers, impact dot matrix printers, and self-service kiosk hardware (Personal Teller Machines). Revenue from initial hardware purchases and replacement units.
2. Supplies and Consumables: Recurring revenue from MICR toner cartridges, blank check stock, and other printer consumables. OEM MICR toner cartridges backed by MICR Guarantee.
3. Software Licensing: Licensing of CheckPartner Enterprise, CoreConnect Foundation, FormsPartner Enterprise, and PAL Software for check printing and payment automation.
4. Professional Services: Implementation, integration, and consulting services for deploying secure printing solutions, RPA, and self-service kiosks. Includes discovery calls and ongoing technical support.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Source Technologies provides secure financial transaction solutions centered on MICR (Magnetic Ink Character Recognition) check printing hardware, self-service banking kiosks (Personal Teller Machines), enterprise check-printing and payment software, and Robotic Process Automation for accounts payable. The portfolio combines proprietary secure printers (ST9817, ST9815, ST9700), ST MICR toner, CheckPartner Enterprise and CoreConnect Foundation software, Fastmark thermal printers, Accel/Documax impact dot matrix printers, and an RPA platform that automates OFAC screening, TIN matching, and address validation across ERP systems.

Product overview

Source Technologies is a financial transaction solutions provider offering an integrated portfolio of hardware, software, and RPA automation products. The core product lines include: (1) Self-Service Kiosks / Personal Teller Machines (PTMs) — core-integrated branch kiosks processing up to 90% of teller transactions; (2) Secure MICR Printers (ST9817, ST9815, ST9700 series) paired with ST MICR Toner and HP MICR Toner supplies for on-demand check printing with fraud prevention; (3) Thermal Printers (Fastmark) and Impact Dot Matrix Printers (Accel, Documax) for receipts, labels, and multi-part forms; (4) Check Printing Software including CheckPartner Enterprise, CoreConnect Foundation, and FormsPartner Enterprise for enterprise multi-location check printing; and (5) the Robotic Payments Automator (RPA) for accounts payable automation, OFAC screening, TIN matching, and address validation, which integrates with Microsoft Dynamics BC and Acumatica. The portfolio is unified around secure financial document printing and automated payment processing, with ERP integrations to QuickBooks, Sage, NetSuite, Microsoft Dynamics, and Acumatica.

Differentiator

Problem solved

Functional benefit

Products and services

• Self-Service Kiosks (Personal Teller Machines / PTMs) Core-integrated, in-branch self-service kiosks (Personal Teller Machines) for banks and credit unions that process up to 90% of typical teller transactions, including official check and money order printing, enabling a shift to a universal banker model.
• MICR Secure Printers Laser-based MICR (Magnetic Ink Character Recognition) printers including the ST9817, ST9815, and ST9700 series, built for secure on-demand check printing with up to 15 security features and Federal Reserve / ANSI X9 MICR compliance.
• Thermal Printers (Fastmark) Direct thermal and thermal transfer printers under the Fastmark brand for wristband, label, and retail point-of-sale receipt printing in hospital, industrial, and retail environments.
• Impact Dot Matrix Printers (Accel, Documax) 24-pin impact dot matrix printers in the Accel and Documax series that produce up to 7-part carbon copies for finance/insurance forms, cargo and bill of lading forms, shipping manifests, and packing slips.
• CheckPartner Enterprise Enterprise and cloud-based payment software enabling secure remote check printing from multiple locations with role-based access control, multi-bank support, positive pay file generation, audit trails, and ERP/accounting integrations for payroll, accounts payable, refunds, dividends, and emergency disbursements.
• Robotic Payments Automator (RPA) Robotic Process Automation (RPA) product using software bots to automate repetitive rule-based payment tasks such as invoice processing, accounts payable automation, OFAC screening, TIN matching, address validation, and payment outsourcing, with native integration to Microsoft Dynamics BC and Acumatica ERP systems.
• ST MICR Toner OEM-manufactured MICR toner cartridges designed for use with ST MICR printers, backed by the MICR Guarantee, producing secure MICR documents on blank check stock with consistent magnetic signal strength.
• HP MICR Toner MICR-compatible toner cartridges for HP printers, providing secure MICR check printing capabilities when used with HP printing hardware.

Quantifiable outcome

• Check issuance time reduced by 75-80%, from 8-10 minutes to under 2 minutes
• +6 more outcomes

Named customers9 records

Segments6 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability5 records

Feature6 records

Partnerships

Four partnerships are on record, tiered flagship and core.

• LexmarkflagshipStrategic or Co-development PartnerExclusive partnership with Lexmark for printer technology. Source Technologies uses Lexmark printers as the foundation for their secure MICR printing solutions. This partnership goes back over 30 years, allowing Source Technologies to find solutions customers need while providing compatibility and seamless connectivity for every project.
• AcumaticacoreTechnology or IntegrationAcumatica is an ERP platform that Source Technologies' Robotic Payments Automator integrates with. The RPA functionality provides OFAC checks, TIN matching, address validation, and payment outsourcing within the Acumatica ERP system.
• Microsoft Dynamics Business CentralcoreTechnology or IntegrationMicrosoft Dynamics BC integration allows Source Technologies' RPA functionality to integrate within the ERP system for OFAC validation, TIN matching, address validation, and payment processing capabilities.
• Nutmeg FCU (Endorsed Software Provider)coreStrategic or Co-development PartnerCase study partnership where Nutmeg Federal Credit Union partnered with Source Technologies and an endorsed software provider to implement progressive member experience through self-service kiosks.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Epson: Epson is a large-scale printer manufacturer with significant presence in thermal receipt and label printers used at retail POS, overlapping with Source Technologies' thermal/Fastmark offerings and competing for the same SMB and enterprise customers.
• NCR Atleos: NCR Atleos is the global incumbent in ATM and self-service banking hardware, directly competing with Source Technologies' Personal Teller Machines at large financial institutions while offering a much broader hardware, software, and services portfolio.
• Diebold Nixdorf: Diebold Nixdorf is an established global provider of ATMs, self-service kiosks, and banking software, competing with Source Technologies in the financial-institution branch-self-service space with greater scale and end-to-end branch transformation offerings.
• Zebra Technologies: Zebra Technologies is a major manufacturer of thermal printers, barcode/label printers, and rugged mobile computing, directly comparable to Source Technologies' Fastmark thermal printer line for retail, healthcare, and industrial label/receipt printing.
• Bottomline Technologies: Bottomline Technologies provides enterprise payments, B2B/AP automation, and fraud/compliance software for banks and corporations, competing with Source Technologies' CheckPartner Enterprise and Robotic Payments Automator for enterprise AP and secure payment workflow spend.

Direct peers

• AvidXchange: AvidXchange is a leading AP automation platform that Source Technologies both partners with (Create-a-check replacement) and competes against in automating invoice processing, bill payment, and check disbursement for mid-market and enterprise AP teams.
• Star Micronics: Star Micronics is a focused manufacturer of thermal receipt, kitchen, and label printers widely deployed at retail and hospitality POS, directly comparable to Source Technologies' thermal printer line for receipt and label printing use cases.
• TROY Group: TROY Group is a direct competitor in secure MICR laser printers, MICR toner cartridges, and check-printing security solutions for financial institutions and enterprises, competing head-to-head with Source Technologies' ST9817/ST9700 series and MICR toner line.

Emerging players

• UiPath: UiPath is a leading enterprise RPA platform whose process-automation capabilities overlap with Source Technologies' Robotic Payments Automator for accounts payable, invoice processing, and compliance workflows in mid-market and enterprise customers.
• BILL Holdings: BILL (formerly Bill.com) is a fast-growing AP automation and bill-pay platform for SMBs and enterprises, competing with Source Technologies' AP automation and check-printing software as customers shift spend from check-based to digital AP workflows.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/source_tech
• Facebookfacebook.com/SourceTechnologiesLLC
• LinkedInlinkedin.com/company/source-technologies

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Source Technologies