Peak Payment Corporation’s E-Check product, also referred to as Electronic Check Conversion, or ECC, takes the paper out of the check, helping you, the Merchant, streamline your cash management and reduce the cost of getting paid.

Download a printable brochure HERE -  PDF format; Adobe Acrobat required. Get the reader here.

[E-Check Basics]  [E-Check Benefits]  [E-Check FAQs]

With E-Checks, a check imager is connected to a small printer through a credit card terminal directly at the point of sale. When a customer presents a check, the check is scanned by the imager, the magnetic data (MICR) indicating the bank routing number and account number are read, and the dollar amount of the check is entered. The E-Check process verifies the check by comparing the check's bank account and the customer’s driver’s license with a national negative database to determine if the account has a fraud history, is closed, or has had insufficient funds (NSF) problems. If the check is approved, a receipt is printed for customer signature. The check and a copy of the signed receipt are returned to the customer. The captured data is used in the electronic transfer of money through the Automated Clearing House (ACH) system.

Merchant benefits of converting checks to an electronic form:

• Saves you time with your deposits - no more bank runs or long teller lines.
• Lowers traditional bank fees, like per item deposit and returned item fees.
• Funds you quickly, usually within 2 business days of the original transaction.
• Secures your customer’s personal and bank account information by returning the original item to the check writer.
• Provides your customers complete transaction information for easy bank reconciliation, as well as providing sales information, like store name and location.
• Expandable equipment is simple and user friendly.
• First and second represents of bounced checks reduce check loss by approximately 70%.
• Peak Payment Corporation provides additional options for secondary check collections of any checks that are not honored after the re-presentment cycle.
• Merchant receives a portion of any returned item fees retrieved from the check writer.
• Setup is fast and easy, and a Peak Payment Corporation technical support team member will provide ongoing training after the initial training by your sales agent.

If you’d like to find out more about this exciting product, please email our sales staff.

[ Home ]  [ Services ]  [ Testimonials ]  [ Contact Us ]  [ Company ]

Please contact our Webmaster with questions or comments.
© Copyright 2003, Peak Payment Corporation. All rights reserved.