Harland Chairman Resigns

"Harland is committed to the ambitious business strategy that is in place; however, we must do a better job of driving the benefits of this strategy to the bottom line," says Weitnauer.

The moves are part of a decision by Harland to "wind down" its "The Check Store" subsidiary.

As debit and credit cards become more popular, the check-printing business is under fire. Future annual growth in the market is estimated at between 1 percent and 3 percent, and for a company like Harland, which derived about 70 percent of its 1996 sales from check printing, that was a recipe for little or no growth.