Canon Announces imageFORMULA CR-L1 Compact Check Transport,

Canon Announces imageFORMULA CR-L1 Compact Check Transport, Helping to Streamline Banking Processes

MELVILLE, N.Y., Nov. 15, 2018 — (PRNewswire) — Canon U.S.A., Inc., a leader in digital imaging solutions, has announced the availability of the imageFORMULA CR-L1 compact check transport, an easy-to-use solution for high-volume batch Remote Deposit Capture (RDC) and remote lockbox check processing. With high-quality image scanning, precise magnetic ink character recognition (MICR) accuracy and reliable item handling, the CR-L1 check transport can help distributed check processing.

Canon U.S.A., Inc.

The CR-L1 check transport is designed to streamline banking processes, as part of a robust electronic deposit management solution. Small and medium sized businesses, remote offices, merchants, and other remote users can use the CR-L1 check transport to scan checks, money orders, and related payment documents, helping to reduce processing time and courier costs.

"We're always listening to our customers and their need for a convenient solution for batch scanning for remote data capture came through loud and clear," said Shinichi Yoshida, executive vice president and general manager, Business Imaging Solutions Group, Canon U.S.A. "We're excited to introduce the imageFORMULA CR-L1check transport, which is our response to that feedback."

Easy to Use and Maintain
Compact in size, the small footprint of the CR-L1 check scanner is designed to fit areas with limited workspace. An advanced paper handling mechanism provides smooth, virtually jam-free feeding, and if a misfeed does occur, high precision Infrared Double-Feed Detection Sensors help to ensure that no data is lost. Also, the simple design allows the check scanner to be easily opened, for routine cleaning and maintenance of the scanning glass and rollers as well as clearing paper jams.

Dynamic and Reliable Performance
Scanning up to 45 Checks-Per-Minute (CPM), the CR-L1 check transport simultaneously captures the front and back side of items, in color, black and white, or grayscale. The up-to-50-item Auto Feeder and up-to-50-item Eject Pocket allow for batch scanning, while a built-in electronic sensor detects misfeeds. The CR-L1 check transport is also flexible enough to reliably handle multiple document types, including paper checks, money orders, coupons, payment vouchers, pay stubs, and more. A built-in single-line printer can add physical rear endorsement on items, and virtual endorsement is available for the front and rear of item images. Both are customizable and can imprint up-to-48 characters.

Precise Image Capture
Hard-to-scan items, such as checks with busy graphic backgrounds or low-contrast text, are captured by the CR-L1 check transport as high-quality images using Canon's image enhancement technology, which is standard in the CR-L1, as well as in Canon's entire check scanner line. Image processing features such as Fine Text Filtering, allow for sharper image capture, resulting in better Optical Character Recognition (OCR) accuracy. Magnetic Optical Character Recognition (MOCR) is also used in the CR-L1 check transport, combining Magnetic Ink Character Recognition (MICR) with OCR processing to capture accurate MICR data. These features increase read rates and information capture with clarity and precision, helping to reduce exception items due to non-conforming images.

Software and Compatibility
The CR-L1 check transport shares a common integration platform included with all Canon check scanners: the CR Software Development Kit (SDK) and Silver Bullet Technology's™ Ranger API. Included with the CR-L1 check transport is a new driver installer that can run the new CR-L1 check transport, as well as the legacy Canon imageFORMULA CR-50 or CR-80 check transports. This new driver installer will emulate the CR-50 or CR-80 on the CR-L1 check transport for compatibility with existing RDC software packages already tested with the CR-50 or CR-80 check transports.

Customer Care
For investment protection, eCarePAK options are available for purchase to extend service beyond the initial one-year advanced-exchange warranty period for the CR-L1check transport. This helps save on costs associated with post-purchase maintenance and maximizes uptime throughout the product life.

Availability
The imageFORMULA CR-L1 is currently available (MSRP $495)*. For more information, visit www.usa.canon.com or contact your authorized Canon dealer.

About Canon U.S.A., Inc.
Canon U.S.A., Inc., is a leading provider of consumer, business-to-business, and industrial digital imaging solutions to the United States and to Latin America and the Caribbean markets. With approximately $36 billion in global revenue, its parent company, Canon Inc. (NYSE: CAJ), ranks third overall in U.S. patents granted in 2017^ï¿½nbsp; and is one of Fortune Magazine's World's Most Admired Companies in 2018. Canon U.S.A. is committed to the highest level of customer satisfaction and loyalty, providing 100 percent U.S.-based service and support for all of the products it distributes in the United States. Canon U.S.A. is dedicated to its Kyosei philosophy of social and environmental responsibility. In 2014, the Canon Americas Headquarters secured LEED® Gold certification, a recognition for the design, construction, operations and maintenance of high-performance green buildings. To keep apprised of the latest news from Canon U.S.A., sign up for the Company's RSS news feed by visiting www.usa.canon.com/rss and follow us on Twitter @CanonUSA. For media inquiries, please contact Email Contact.

^ï¿½nbsp;Based on weekly patent counts issued by the United States Patent and Trademark Office. *Availability dates subject to change without notice. Actual pricing set by dealers, and may vary.

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SOURCE Canon U.S.A., Inc.