PROCESS CHECKS JUST LIKE A CREDIT CARD! 
Converting
Paper Checks to an Electronic Transaction Benefits You and Your
Customers.
Converting Paper Checks to an Electronic Transaction
Saves Time, Lowers Costs and Guarantees the Transaction.
Electronic check conversion works a lot like credit
cards because funds from the paper check are automatically deposited
into the merchant's checking account. The merchant simply swipes
the check through a reader or imager and gets an approval, which
verifies the check. The merchant then stamps the check "ACH
Processed" and hands it back to the customer. Within 72 hours
the funds from the check are deposited into the merchant's bank
account.
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Electronic
Check Conversion utilizes advanced processing and has
the flexibility to work with most terminals and credit
card platforms. |
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The merchant not only saves
on banking and accounting costs, but can significantly
reduce losses from bad checks. A complete image capture
of the check taken at the point purchase is available |
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For
those who prefer to track deposits and funds availability
in real time, we offer an extensive 24 X 7 Online SSL
Transaction and Deposit Tracking System. With this powerful
interface, you’ll have the same tools used by thousands
of merchants nationwide.
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The
Process
Electronic
Check Conversion converts a paper-based check to an electronic
transaction at the point-of-sale. The check information is then
transmitted electronically to a national verification database
where it is evaluated against negative information. Within seconds,
a response is sent back to the merchant. A receipt very similar
to a credit card transaction is generated and the customer signs
it, thereby authorizing the electronic collection of funds to
the merchant. The check information is then stored and the transaction
deposits are routed to the merchant's account within 48 to 72
hours.
Merchant
Benefits
Electronic Check Conversion
is convenient for everyone - only it's convenience with a guarantee.
This check conversion process not only allows the merchant to
forego trips to the bank, but it also guarantees the approved
transactions, just like credit card processing.
Additional
Options
In addition to Electronic Check Conversion, the
system offers online transaction viewing and customized detailed
reporting. With the reporting feature, you’re able to track
all of your transactions through a secured online system that’s
available 24 x 7. And the reporting capabilities can be customized
so you can receive detailed information in the format you prefer.
With this program, you’ll take all of the guesswork out
of accepting checks and managing the process.
