TROY Group, Inc. Market Research Report

Company Overview

• Name: TROY Group, Inc.

• Mission: TROY's mission is to offer the highest levels of security for checks & documents from digital creation to printing, aiming to reduce risk and eliminate fraud through advanced technology and secure printing solutions.

• Founded: 1963

• Founders: No information is available.

• Key People: Brooke Turner, North American Director of Sales

• Headquarters: Wheeling, WV

• Number of Employees: No information is available.

• Revenue: No information is available.

• Known For: TROY Group is known for secure solutions for check and document printing, MICR technology, and partnerships with organizations like HP and Intuit.

Products

4001dw MICR Printer

• Description: A WiFi-enabled MICR printer tailored for secure check printing.

• Key Features:

• Rated as the #1 WiFi MICR printer.

• Provides industry-leading security for check printing.

TellerCentral

• Description: A self-service terminal designed to perform functions beyond a traditional ATM.

• Key Features:

• Allows customers to print deposit slips, bank cards, cashier's checks, etc.

• Enhances bank customer interactions with advanced self-service options.

MICR Toner Secure

• Description: A MICR toner with a unique anti-fraud feature.

• Key Features:

• Features a patented red dye that reveals tampering attempts by bleeding.

• Provides upfront security for checks against fraud.

AssurePay Teller Software

• Description: A cloud-based software solution for secure and efficient teller operations.

• Key Features:

• Streamlines management and printing of financial documents and checks.

• Enhances security for cloud document handling.

TROY MICR Printers

• Description: HP printers enhanced with additional security features for secure check printing.

• Key Features:

• Equipped with TROY's MICR Toner Secure.

• Incorporates HP's secure boot and intrusion detection features, with additional TROY MICR security features.

Recent Developments

• New Products:

• The TROY WF-C21000 MICR Color Printer, delivering MICR and speed in one machine.

• Expansion of the AccurioPress MICR series with Konica Minolta, introducing new high-volume printers.

• New Features:

• Introduced updates to SecureDocs Sentry Document Security Solution and launched the new TROY ST-C5000 Secure UV Printer.

• Partnerships:

• TROY has formed a partnership with Intuit to integrate TROY FlexPay software with QuickBooks, aiding small businesses in transitioning to cloud software.

• Continued collaboration with Konica Minolta to develop production MICR check printing solutions.

• Awards and Recognition:

• Brooke Turner acknowledged as one of the Most Influential Women in Payments by American Banker in 2024.

• Industry Engagement:

• Participation in significant industry events like the PRINTING United Expo and achieving recognition at the IPMA Des Moines.

This detailed report summarizes the current state and recent advancements of TROY Group, highlighting their innovative approach in secure printing and document management solutions, as well as their strategic partnerships that strengthen their market position.