Check Services
Electronic Check Conversion (ECC)
CHECKredi’s Electronic Check Conversion (ECC) converts normal paper checks into electronic transactions. Once converted, they are processed through the Federal Reserve System and deposited into your account within two business days.
It's simple, Authorization = Deposit.
Features:
- Superior Customer Service
- Check Verification Included
- Increased Cash Flow
- Cost Less than Processing Credit Cards
- Reduces Check Fraud
- Bank Fees Associated with Paper Checks are Eliminated
- Money is Electronically Deposited within Two Business Days
How Does ECC Work?
Step by Step
- Merchant receives check at register
- Check is scanned at register, capturing MICR data and imaging check
- Upon approval, receipt is printed for consumer to sign authorizing debit
- Check is voided by merchant and returned to consumer
- Checks are uploaded by merchants and sent to processor
- Files are made available online for export into CHECKredi System
- Check writer's account is debited
- Cleared funds are deposited into the merchant's account
