What is Electronic Check Conversion?
Electronic Check Conversion, or “ECC” greatly reduces the cost, time, and risks associated with check acceptance at the point-of-sale (POS). It converts paper checks into electronic items, so you don’t have to deposit checks at your bank. This means that you get your money faster and you can detect problems with specific accounts sooner.
Electronic Check Conversion, or “ECC” greatly reduces the cost, time, and risks associated with check acceptance at the point-of-sale (POS). ECHO’s check conversion service converts paper checks into electronic items, so you dont have to deposit checks at your bank. This means that you get your money faster and you can detect problems with specific accounts sooner. For retail merchants, our ECC service features real-time account authorization through the Visa POS Check Service, or, for accounts in non-participating banks, checks are authorized with our NCN database. Either way, your check risk is significantly reduced. With ECHO, you have the option of using a check imager to give you an electronic check image you can view or print from a secure Web site, in case you need to collect on a check. For more information, see Electronic Check Conversion on our Web site. NOTE: Our service requires that consumers complete and sign each check before you process them, for added security.
