What are the benefits of electronic check payment?
A. Electronic check payment reduces processing expenses, less returns, better fraud protection and offers more privacy for customers. Q. What is point of purchase check conversion? A. Point of check conversion is the transfer between converting checks presented to merchants or cashiers into electronic fund transfers (EFT). Q. What are other terms for check conversion? A. Accounts receivable entry (ARC), point of purchase (POP), back office conversion (BOC), e-check, or automate clearing house (ACH). Q. What check services do I need for my business? A. It depends on what type of business you have and the amount of volume that your business does. Industry Jargon for Check/ACH Services: ACH Automated Clearing House is a nationwide, wholesale electronic payment and collection system. It is a method of transferring funds between banks via the Federal Reserve System. It is used by most, but not all, financial institutions.
