POS Electronic Check Conversion with Imaging

Check acceptance can become an integral component of operating your retail business. It can however expose retailers to high costs and the risk of fraud. With electronic check conversion, you can process paper checks electronically. It’s faster, more secure and costs significantly less than processing paper checks the traditional way.

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 via electronic equipment to a national verification database where it is cross-referenced 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

Convenience is important to everyone, not to mention our merchants. Electronic Check Conversion gives the merchant convenience with a guarantee. This check conversion process not only processes the check electronically allowing the merchant to forego trips to the bank, but it also guarantees the approved transactions. With this program, the merchant simply accepts the checks and the check conversion program does the rest! The merchant can now accept & process checks just like they accept & process credit cards.