Electronic Check Guarantee with Conversion

 

The Same Security as Transacting Business with Credit Cards

 

 

The Process

Electronic Check Conversion converts a paper-based check to an electronic transaction at the point-of-sale. The check information is transmitted via electronic equipment 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 two business days.

 

Merchant Benefits

Convenience is important to everyone, not to mention our merchants. Electronic Check Conversion gives the merchant just that - only it’s 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 and process checks just as they accept and process credit cards.

 

Additional Options

This program offers electronic check conversion, on-line transaction viewing and customized detailed reporting. The reporting feature provides tracking of all transactions through a secured on-line system that is available 24 x 7. The customizable reporting feature of this system provides detailed reports of all transaction activity for the account. This program takes all of the guesswork out of accepting checks.