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How is Check Conversion different from a debit transaction?

April 26, 2017conversion Debit different transaction

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How is Check Conversion different from a debit transaction?

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(A) Check Conversion employs existing infrastructure involving the customer’s physical check being passed through a check reader where the Magnetic Ink Character Recognition (MICR) data is captured and processed through the ACH (Automated ClearingHouse) network. Debit transactions are processed through ATM networks and involves the customer entering in a PIN (Personal Identification Number).