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Electronic Check Conversion (ECC)
- Recent developments in check technology now make it even easier for a business to accept and process check payments. The ElecCheck Program converts a personal check into an electronic item at point of sale and makes accepting checks as easy as accepting credit cards.
- The Electronic Check Conversion (ECC) process authorizes the transaction and transfers funds from the POS to your account via ACH, giving you faster access to your funds. There is a check “Guarantee” option available, eliminating ever taking a ‘bad’ check.
- Checks are electronically deposited into your account. No more costly trips to the bank. No more deposit slips to complete.
- The ElecCheck Program provides merchants with lower bank fees and improved cash flow.
- ElecCheck provides quick detection of check fraud and stops “bad” check writers, preventing check related losses.
- ElecCheck eliminates lost or stolen checks before deposit.
- The customer writes a paper check
- The check is put through a check reader, capturing check information.
- The clerk enters additional information
- The check may be ‘verified’ or ‘guaranteed’
- A receipt prints for the check writer to sign
- The check is returned to the customer
- The check funds are deposited into the merchant’s account
