Electronic Check

Why would you want to use an Electronic Check, Check21, RCC or RCPO?
Due to NACHA's rule changes in September 2015, a lot of "good companies" are being barred from using the ACH system to process their one-time and recurring transactions. Your transaction fees may be lower using Electronic Checks than ACH! Why not call us to see if eChecks are "Right for Your Company"?

Electronic Checks (eChecks) are Safe, Simple & Secure... “Electronic Checks” typically are created when the holder of a checking account authorizes a payee to draw a check on that account but does not actually sign the check. In place of the "paper draft" being created, we create an electronic transaction. A Remotely Created Payment Order, (‘‘RCPO’’) is an electronic version of a Electronic Check. Electronic Checks (eCheck) can be a useful payment device for some depositors under certain circumstances. In the current marketplace, eChecks may be used for recurring payments, one-time payments and collection activities authorized over the telephone, as well as contracts that necessitate same-day availability of funds. See Electronic Check versus ACH processing.

A "RCPO" & "RCC" do not get processed through the ACH (Automated Clearing House) and, therefore, are not regulated by NACHA.

A Electronic Check is subject to state law on negotiable instruments, specifically Articles 3 and 4 of the Uniform Commercial Code (U.C.C.) as adopted in each state. Under the U.C.C., a bank that pays a check drawn on the account of one of its customers may charge a customer’s account for a check only if the check is properly payable. A Electronic Check is defined under Regulation CC (Reg. CC), as amended in 2005 by the Federal Reserve Board, as: . . . [A] check that is not created by the paying bank and that does not bear a signature applied, or purported to be applied, by the person on whose account the check is drawn. The drawer grants the payee (merchant) authorization to produce a Electronic Check drawn on the drawer’s account. See both - Federal Reserve System - Availability of Funds and Collection of Checks: Proposed Rule & An Examination of Electronic Checks

Benefits:

• Electronic Checks are not subject to .5% Unauthorized Return Rates

  Collect Larger Transaction amounts than using ACH

  Same-Day Deposit into Multiple Accounts

  Lower Return Rates than using ACH

Features:

• Process up to 100,000 checks PER BATCH

  Deposit eChecks into Multiple Accounts

  Deposit eChecks from Multiple Locations

  Online, Real-time reports for easy Bank Reconciliations

  Automatically Match each eCheck you scan to the invoice it's paying

  Use the "memory" function for faster identification of customer's you have done business with in the past

  Check for errors or duplicate entries automatically every time you make a deposit

  Resubmit NSF eChecks Automatically

  Dynamic Report Generator

  • Choose Any / All Data
  • Choose Any Date Range
  • Save as a template or view one-time and even share with staff members online

  Works with QuickBooks^® software 2007 and newer (Not online version. But, we have a "hosted version" integration!)

Ask about our special:

"eCHECK by Phone" & "eCheck by FAX" for Mail Order & Telephone Order!

With our Electronic Electronic Check Software, you can make your check deposits in QuickBooks^®, from the convenience of your store or office, through the internet using your PC!
eCheck transactions, using bank login authorization, are the most secure method of funds transfer available.

How Electronic Check works:

Deposit all types of U.S. dollar checks drawn on any bank in the country including personal checks, business checks, government checks and warrants, money orders and traveler's checks over the Internet.

The use of electronic check conversion - also known as Electronic Check, Accounts Receivable Check (ARC), Point of Purchase (POP), or Back Office Conversion (BOC) in banking terms - is among the fastest growing types of ACH Applications due to its enormous benefits. Using our proprietary Internet-based Back office conversion "Remote Deposit Capture" software and check scanning reader, you can scan conventional paper checks and transform them into an electronic check deposit. The software also stores the check data and check images in a database for future research and retrieval, re-submission of NSF checks and more.

You accept many checks each month from customers. Currently, you would have to look up each customer account, apply the payment to the account, stamp the check for deposit, create a deposit slip, drive to the bank, stand in a long line and make the deposit. On top of this, your bank will typically charge an "item deposit fee" for every check you deposit. Too time consuming and too expensive!

Our in-house Electronic Check experts are standing ready to help you make an informed decision to move your company's payment processing forward.

Allow us to offer and create an electronic payment processing program to provide you access to your funds in an expeditious manner.