What service does Electronic Check Conversion provide?

The service provided by Electronic Check Conversion involves transforming paper checks into ACH (Automated Clearing House) transactions. This process allows merchants and payees to convert a physical check into an electronic transaction at the point of sale or after the check is received but before it is deposited.

This conversion captures the relevant check information, such as the account and routing numbers, which are then used to facilitate the electronic payment through the ACH network. As a result, funds from the check can be processed more quickly and securely than traditional check handling, reducing the risks associated with paper checks, such as theft or loss during transit.

This method streamlines the payment process for both businesses and consumers, making transactions faster and expediting the clearing process.