Check Conversion
No NSF worries.
No time, money or hassle to collect returned checks.
Accept out of state checks with peace of mind.
Save bookkeeping time and expense because there are no trips to the
bank.
Step 1 - Verification
The check is scanned through an electronic check reader terminal
which reads the magnetic micr numbers. The check is verified against a national data
base. Flagged accounts are declined.
|
Step 2 - Signature
The customer signs an authorizatioan slip printed
from the terminal and the check is stamped "ACH processed" and given back to the
customer |
 Optical
RDM Check Reader |
Step 3 - Conversion
The amount of the check is converted to an electronic transfer
and automatically deposited into the merchant's account within 48 hours. |
