Check Services
SBS Automated Phone
Payment System
Electronic Check Conversion
Checks by Phone
ARC - Accounts Receivable
Check Conversion
RCK - Electronic Check Recovery
Electronic Check Conversion
PROCESS CHECKS JUST LIKE A CREDIT CARD!
Converting Paper Checks into an Electronic Transaction Benefits You and Your Customers. Electronic check conversion works very similar to credit cards. The funds from the paper check are processed and automatically deposited into your checking account.
The process begins when you capture the image of the check using our scanner to obtain approval. This process will verify the checking account is active. Upon approval, you stamp the check "ACH Processed" and hand the check back to the customer. Within 48-72 hours the funds from the check are deposited into your bank account. It's simple and convenient.
Key Benefits of Electronic Check Conversion:
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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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You not only save on banking and accounting costs, but you can also significantly reduce losses associated with bad checks.
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To track deposits and funds availability in real time, we offer an extensive Online SSL Transaction and Deposit Tracking System.
The Process of Electronic Check Conversion:
Electronic Check Conversion converts a paper-based check into an electronic transaction at the point-of-sale. The Check information is then transmitted electronically to a national verification database where it is determined if the customer has a history of writing bad checks. Within seconds a response is sent back. A receipt very similar to a credit card transaction is generated and the customer signs it, thereby authorizing the electronic collection of funds by the merchant. The check information is then stored and the transaction deposits are routed to your account within 48 to 72 hours.
Merchant Benefits:
Convenience is important to everyone, not to mention our merchants. Electronic Check Conversion gives you just that - only it's convenience with a guarantee. This check conversion process not only processes the check electronically allowing you to forego trips to the bank, but it also guarantees the approved transactions. With this program, you simply accept the check and the check conversion program does the rest! You can now accept & process checks just like you accept & process credit cards.
Additional Options:
This program not only offers Electronic Check Conversion and on-line transaction viewing, but customized detailed reporting is also available. With the reporting feature, you are able to track all of your transactions through a secured on-line system that is available 24 x 7. The reporting capabilities of this system also allow you to customize reporting features, thus enabling detailed information in the format you prefer. This program takes all of the guesswork out of accepting checks and manages the process for you
