Take Control of Your Cash Flow With Automated Receivables

Remote Deposit
check 21/ARC (Accounts Receivable Conversion)

No matter what the size of your business, our Remote Deposit applications allow you to reduce clerical, transportation, bank deposit and handling costs. You may also see lower insurance premiums since less cash has to be transported.

All you need is a single scanner and a PC with Internet access to use this Web-based application. The daily volume of checks determines the scanner that is best suited for your business.

How does it work?

Your cashiers will deliver bundles of checks to your service desk (which has the scanner) throughout the day. The service desk clerk scans the checks to capture MICR data and create an image. The software checks image quality, as well as payee endorsement, courtesy and legal amounts. The check data is transmitted to the banking network. The check writer's account is debited and cleared funds are deposited in the merchant's account. Once batched and transmitted, files are available for export into the merchant's in-house accounts receivable system for automated payment posting.

Benefits

ARC (Accounts Receivable Conversion) will streamline your entire deposit process by cutting manpower hours needed to prepare deposits and make bank runs. If you use the export feature, your staff will no longer have to perform manual payment posting processes. By making the transaction ready for CHECK 21, your transaction is moved ahead of paper to be processed by the consumer's bank. Because you are processing your checks electronically through PAYTEK Solutions, any fees your bank charges for return items will be eliminated. You will know in three business days if an ACH item has been paid or returned, unlike a paper check.

Our staff will guide you through the set-up of the scanner and show your employees how to use it. Our customer service team will be available by phone or E-mail to answer any questions you have once you begin using the scanner.