Check Conversion

What is Electronic Check Conversion (ECC)?

ECC converts paper checks to ACH Transactions. Electronic check conversion requires a MICR scanner and a ACH account. The process works by first running a check through the MICR scanner. This process makes a required image of the check and at the same time our software linked to the MICR scanner converts the checking account information into

the proper format to be submitted electronically to the check writer's bank

directly through the ACH Network.

Once the check is in an electronic format the physical check can be returned to the check writer (if a retail POS application) or kept on file. Once you have an image of the check the original is no longer needed. Now that the check is in the proper digital format the transaction is electronically transferred through the ACH system where funds are debited directly from the customers account and deposited automatically into your account usually within two banking days.

What are the benefits of Electronic Check Conversion?

The benefits of using Electronic Check Conversion spring from the fact that you now have a digital, electronic transaction in the proper ACH format instead of a paper check. This means you are processing transactions rather than lugging paper checks from place to place. The major benefits of this technology are:

Faster Check Processing – Point of input to your account is two business days
Comprehensive online reporting 24/7 for all your checks
Checks are electronically deposited into your account, no more trips to the bank
No more check deposit tickets to fill out
Real-time check verification is available at time of input to verify account status
Since the checks are deposited quicker you get faster notification of any NSF’s