Electronic Check Conversion
Total Payment Solutions to Meet
Your Business Needs
The Retriever Services Check (ECC) program offers merchants the most state-of-the-art check processing system in
the industry. Increasing sales and profits is as fast and as easy as accepting credit cards. Just think
of it as a check without the paper. With the Retriever Services Check ECC program, the information on the
customer's check is used to create an electronic transaction right at the register using the Retriever Services
Total Payment Solution.
This system is capable of processing electronic checks, all major credit cards, debit cards (with and
optional PIN pad), and Visa and MasterCard Purchase Cards. With a built-in printer, the Total Payment
Solution takes up less counter space and is a simple system to operate. In addition to the sleek design,
the Total Payment Solution provides full reporting capabilities. Easy access to all payment information
is printed at Batch Closing, including the number and amount of authorization and voids.
The Retriever Services Check ECC program uses the same secure system to process checks that banks have used
for years to transmit check funds from bank to bank. Merchants can now accept more checks at a lower net
cost, and rely on the convenience of electronic funding directly to their bank accounts, usually with
two banking days.
When a customer pays by check, you simply verify and write the required information on the face of the
check and run it through the Retriever Services Check Total Payment Solution to authorize the transaction.
Once the check is approved, the customer signs the authorization slip to complete the transaction (just like
signing a credit card receipt).
Then, you stamp the check DO NOT DEPOSIT or ACH PROCESSED (so it can't be used again) and simply return
the check (like their credit card) to the customer along with his copy of the authorization slip. Keep
the singed copy for reconcilliation at the end of the day.
Products Include:
Conversion with Guarantee
Combines all the features of verification and electronic check processing with the guarantee of most
verified checks. Once the automated deposit process is performed, the merchant will be funded on all
verified checks. If any submissions are rejected through the ACH, those items will automatically be
processed without affecting the merchant's bank account. There are no manual requirements for the
merchant to receive funding on returned items, other than submission of a copy of the signed customer
authorization slip upon request. Once again a comprehensive statement will be provided to the merchant
reflecting all check and deposit activity for that billing cycle. With Conversion with Guarantee, the
merchant not only saves on banking and accounting costs, but can significantly reduce losses from bad
checks. A complete image capture of the check taken at the Point of Sale is available. For tracking
deposits and funds availability, 24 X 7 Online SSL Transaction and Deposit Tracking for merchants is
provided.
Conversion without Guranatee
Combines check verification services with Electronic Check Presentment via the Automated Clearing House.
For a low per transaction fee, the merchant receives traditional check verification services, electronic
deposit of daily transactions, and ACH recovery. Merchants are no longer required to manually deposit
checks in their financial depository institution. Any transaction submissions that are rejected at the
ACH are automatically re-submitted multiple times to attempt collection. The merchant is funded for all
checks processed. If the collection does not occur, the amount is deducted from the merchants account.
A complete image capture of the check taken at the Point of Sale is available. For tracking deposits
and funds availability, 24 X 7 Online SSL Transaction and Deposit Tracking for merchants is provided.
eDebitPro
Serves the needs of those firms that receive the same recurring payments from their customers every month.
This program provides an automatic debit of monthly payment from the customer's account to the merchant's
account. eDebitPro is a one time process that is handled simply electronically and efficiently. On a
customer-specified day of the month, the funds are debited from the customer's account. Deposits are
credited to the merchant's account by the 3rd day. Banks, insurance companies, credit unions, finance
companies, auto dealerships, health spas, cable TV operators and any operation being paid in monthly
installments or for a regular monthly service, save enormous accounting headaches and improve the
consistency of their cash flow by means of this convenient service.
eOnlinePro
Companies that receive orders via the Internet, mail, or telephone will be provided with PC-based software
that allows data from the customer to be processed electronically, eOnlinePro captures the data which is
the uploaded to the Federal Reserve for depositing into the company's account. This product effectively
allows companies to convert checks into "debit card" type transaction, without receiving the actual paper
copy of the check. Standard fraud protection measures are utilized, including national verification
service, duplicate check presentments, and other fraud-reduction scans.
eLock-BoxPro
For those companies that receive a large volume of checks via the mail, our system combining complete image
capture and 24 X 7 transaction and Deposit Tracking, provides the most cost effective, powerful means of
processing and collecting Lock-Box Account Receivable payments.
