Electronic Check Service (ECS)
Your customers expect the convenience of paying by check, but check handling requires time and resources. KeyBank’s Electronic Check Service converts a check into an electronic transaction just like a credit card payment. No more trips to the bank, and no more delays while checks are cleared.
Electronic Check Services Details
- Point-of-sale and back-office accounts receivables service options
- Multi-lane retail check acceptance option—no terminals required
- Flexible service options, including check conversion only, verification, collections and guarantee in any combination
- Funds settled within 24-48 hours
- One direct deposit account, eliminating the need for multiple banking relationships
- Transactions resulting in non-sufficient funds are automatically resubmitted up to two times
- Consolidated credit card and electronic check reports and statements
- Instant online access to full data on checks accepted, processed and returned
Services require credit approval and are subject to the terms of the service agreement.