History
Founded in 1972, BancTec released its first product, the CheckMender, in 1973. The CheckMender, the first device of its kind, repaired checks rejected by high-speed reader/sorter by affixing a HeatStrip material for manually re-encoding and processing. In 1980, BancTec successfully completed an initial public offering and was listed on NASDAQ as BTEC.
In 1995, we merged with Recognition International, Inc., nearly doubling our revenue and workforce. Later that year, the company took its position on the New York Stock Exchange, trading under the symbol BTC.
