Electronic Check Processing (ECC)

Leveraging PAYTEK’s Electronic Check Processing system with our image capture device easily converts paper checks into electronic transactions at the point of sale. ECC is designed for retail point of sale transactions. The merchant scans the check for approval accessing our Check Verification database before completing the sale. The imaging hardware captures an image of the front and back of the check. Upon approval the check is returned to the consumer along with their receipt. With this model, the consumer signs a receipt authorizing PAYTEK to convert the transaction into an electronic ACH debit.  This ACH function is also available by utilizing PAYTEK’s Back Office Conversion (BOC) product. 

Benefits

• No more trips to the bank to deposit checks

• Eliminate costly bank depository fees

• Funds deposited within 48 hours

• Eliminate returned checks with Check Guarantee

• Returned Items are processed quicker

• Check Verification included

• Reduce check fraud