MICR Prime Services, Inc.
Seeking $1.5mm investment to launch our ChIPS system with company paying dividends in year 2, on our scalable platform.
We manufacture & market ChIPS (Checks In-House Production System - USPTO #7464920). It reclaims lost profit for banks, CUs, trusts, & S&Ls - average $1200/month/branch (currently it's a "pass- through" to outside vendors). It takes a 12-month $200K loan @ 6% to equal the same profit in interest income. Bankers are clamoring to increase revenue - fewer loans & stiffer asset ratios. ChIPS is affordable for every branch & requires no new staff