Electronic Check Conversion and Processing
We, as Americans, love to write checks. Therefore, in today's world, it is virtually impossible to control the cost of accepting checks and reducing the cost of bad checks. BFSI streamlines this process for your business by capturing and converting personal and most business checks with an automatic electronic deposit into your business checking account.
Programs Available to You:
Simply Deposit by Event Payment Services
The simplest and fastest method of depositing checks…Deposit checks right from your desktop computer and a RDM EC7000i Scanner. Deposit is made at your bank with electronic images of all the checks listed in the deposit. That simple!
How it Works
- Merchant scans check via the RDM imager attached to the credit card terminal or computer.
- Merchant will process the transaction of the check similar to a credit card transaction.
- Merchant will settle all credit card and electronic check transactions daily via the credit card terminal or computer.
- Electronic checks are deposited directly to merchant's business checking account with funds available next day.
- Online reporting available.
Remote ACH by Event Payment Services
Our web based virtual terminal allows the merchant to accept payment over the phone. Acquiring the checking account and the ABA numbers. The transaction is handled like a credit card transaction over the telephone.
Acceptance of Recurring Debit of payment by checks is also available with our virtual terminal. Industries such as medical, rental, non-profit donations. schools, camps find this auto payment format a quick and fast solution.