Leading Marketer and Manufacturer of Check Creation Solutions Appointed to
Implement Verification Procedures Nationwide Associated with Check Creation or
Delivery
SAN DIEGO–(Business Wire)–
G7 Productivity Systems (“G7″) announces that the Federal Trade Commission
(“FTC”) and the Courts have taken affirmative steps to restrict the ability of
consumers and businesses to create or deliver “unverified” checks. G7, a leading
marketer of check printing and delivery solutions, has been a co-defendant in a
precedent setting case before the United States District Court in San Diego that
resulted in a Final Order (“Final Order”) which is hereby published. The Final
Order was recently affirmed by a panel of the Ninth Circuit Court of Appeals and
appoints G7 to implement new verification procedures associated with the
creation or delivery of checks. The FTC contends that any creation or delivery
of checks for existing and prospective customers is prohibited under the Final
Order unless G7 has first performed authentication of the customer`s identity
and the customer`s control over any bank account used in connection with the
check creation or delivery.
The provisions of the Final Order provide that Industry partners, participants
and publishers who are involved in the “creation” or “delivery” of a check for
an existing or prospective customer may be permanently restrained and enjoined
from allowing the creation or delivery of any checks unless the prospective
customer`s identity and account control have been verified through G7.
Please visit www.G7PS.com to learn about the class of goods and services that
may be affected. We kindly request that anyone participating in the creation or
delivery of checks contact G7 to coordinate compliance with the Final Order.
About G7
G7 Productivity Systems, Inc., based in San Diego, CA, is a leading publisher
and manufacturer of productivity software and supplies for both home and
business use. G7′s products are available in over 4,000 retail outlets in the US
and Canada.
G7 creates business automation solutions that enhance productivity while
reducing costs. Currently, G7 offers products and services in many important
areas of business enhancement, including check creation software and printers,
magnetic (MICR) and non-magnetic ink and toner, blank and preprinted check
paper, forms creation tools, data capture solutions, customer relationship
management software, as well as solutions to enhance sales automation, human
resources, accounting, and e-commerce efficiency.
G7 Productivity Systems
James Danforth, EVP/CFO
858-675-1095 x202
jdanforth@g7ps.com
Copyright Business Wire 2010