| Electronic
Check Conversion Services Electronic
Check Conversion (ECC) Resale
Converting paper checks into
electronic checks with ECC.
Reduce Check Handling and Ensure
Cash Flow.
NCN offers Electronic Check
Conversion for merchants in face-to-face businesses or those
operating a check-by-mail business.
With ECC, your merchants convert paper checks presented at
the point of sale into safe, efficient “electronic” checks.
In the point-of-sale business, voided
checks are returned to customers, eliminating the need for storing,
handling, counting and re-counting them at the end of the day.
The checks are processed electronically via the Automated
Clearing House and settled to the merchant in 48 hours.
Unlike the Visa POS Check Service
merchants do not have real-time authorizations against live bank
accounts, instead all authorizations are made using the NCN
database.
Benefits to your merchants include:
- Ensure
48 hour fund availability from checks
- Virtually
eliminate the time and expense of depositing checks at the bank.
- Reduce
check acceptance costs and risks.
- Streamline
back office procedures.
- Fewer
checks to handle. Because checks are immediately returned to
consumers at the point of sale, there’s no paper for merchants
to handle, process, and deposit at their bank. Fewer checks
means lower bank processing fees.
- Improved
customer service. Customers benefit from the speed and
convenience of the fast checkout enabled by the conversion
process.
Hardware Requirements
To accept checks through the service,
merchants must have a check MICR reader and compatible POS terminal
or a PC. For ARC, the
merchant must have an imager to store images of the checks.
ECHO supports the most widely used terminals in the
U.S., virtually assuring you of a compatible program.
ECHO will provide the necessary technical and
operational support to get you started.
For more information on ECHO
resale opportunities, please contact ECHO NCN Sales Support
at 1-800-262-3246, ext. 8608. |