What is point-of-purchase check conversion?
Point-of-purchase check conversion is the process of converting checks that customers submit to the Copyright Office into electronic funds transfers. Electronic funds transfer (EFT) is the term used to refer to the process in which we electronically instruct your financial institution to transfer funds from your account to our account, rather than processing your check. When you submit a check to the Copyright Office, your check is copied and the account information from your check is used to make an EFT from your account. You will not receive your original check back. We will destroy your original check, but we will keep the copy of it. If the EFT cannot be processed for technical reasons, we will reprocess a copy of your original check. By submitting your check to the Copyright Office, you authorize the conversion of your check into an EFT in this manner.
