Remote Deposit Services
Accounts Receivable Conversion (ARC)
CHECKredi's Accounts Receivable Conversion (ARC) service converts a paper check, received in the mail or at a payment location, into an electronic check. The check is then converted into an Electronic Funds Transfer. CHECKredi's ARC Service includes both Internet and PC Based Solutions.
Features:
- Superior Customer Service
- Funds are Transferred Electronically
- Bank Does Not Need to Process a Single Piece of Paper
- Low Transaction Fees
- Low NSF Fees
- No Lost or Stolen Checks to Worry About
- No Bank Runs to Make
- No Bank Deposit Fees
- Never an NSF Processing Fee From the Bank to The Merchant
- NSF Checks Will be Reported Within Three (3) Business Days
- 24/7 Monitoring of Your Account Via Our Secure Web Server
How Does ARC Work?
Step by Step
- Merchant Receives Checks for Payment of Goods or Services
- Checks are Scanned into The Software
- Data is Transferred to CHECKredi for Processing
- Check Writer's Account is Debited
- Cleared Funds are Deposited into The Merchant's Account
- Files are Made Available Online for Export into Accounts Receivable System