Electronic Check Service (ECS)

Minimize risk, reduce costs, and receive faster access to funds when you convert paper checks into electronic transactions at the point of purchase. Checks are electronically imaged and processed just like credit card transactions.

Benefits of Electronic Check Service (ECS)

Faster Access to Funds:

  • Checks are automatically converted to electronic transactions
  • Funds are settled with the same speed and ease as credit card deposits, typically within 24-48 hours

Reduced Costs:

  • ECS eliminates the time, labor, and paperwork associated with paper checks and returned items

Single Depository Bank Relationship:

  • All check funds are deposited into a specified Direct Deposit Account, eliminating the need to have multiple banking relationships

Minimized Risk:

  • Verification and Guarantee services reduce the risk of returned checks
  • Transactions that result in non-sufficient funds will be automatically resubmitted up to two times

Improved Reporting:

  • All electronic payment activity processed is consolidated on reports and statements
  • Computerized records allow instant access to full data on checks accepted, processed, and returned

Why ECS:

  • Checks account for approximately half of all consumer expenditures in the U.S.
  • Retailers search for more efficient means to process checks

How It Works

Point-of-Purchase (POP) Solution:

  • Enables you to convert consumer check payments received in a face-to-face environment into electronic transactions
  • Utilizes combination of the VISA® POS Check Network, the ACH Network and Check Replacement Documents for presenting and clearing

Accounts Receivable Conversion (ARC) Solution:

  • ARC is used for eligible check present/consumer absent transaction environments — receivable payments, mail order receivables, and drop box/lock-box environment
  • Customers are provided a notice explaining that checks will be processed electronically
  • Offer Consumer Opt Out Service with PC Solution
  • Utilizes the ACH Network and Check Replacement Documents presenting and clearing — online real-time and batch delivery of transactions

Improved Reporting:

  • All electronic payment activity is processed in consolidated on reports and statements should this read processed and consolidated or processed in consolidated reports and statements
  • Computerized records allow instant access to full data on checks accepted, processed, and returned

Flexible Service Levels

Conversion with Guarantee:

  • Eligible checks are converted into electronic transactions and all funds are guaranteed; Required information must be collected – State, Driver's License number and telephone number
  • All paperwork is eliminated – no more collections
  • Merchant assumes no risk for all qualified and approved transactions

Conversion with Verification:

  • Checks are imaged and converted into electronic transactions
  • Routed for verification either through the participating VISA bank or through EnCircle Collections ? (see below) for ACH submission
  • Merchant retains the risk of returned items for all transactions

Conversion with Verification and Collections:

  • Offers all the advantages of conversion and verification, while eliminating the need for businesses to perform their own collection activity
  • Merchant retains the risk on returned items, but will have all monetary returned items automatically handled by EnCircle Collections after the first resubmission

Conversion Only:

  • Eligible checks are imaged and converted into electronic transactions, you perform your own authorization
  • Merchant retains risk of returned items for all transactions

Multi-Lane Retail Check Acceptance Solution

ECS Multi-Lane eliminates the investment in check imaging technology at the point of sale (POS). ECS now combines the benefits of real-time check authorization and risk mitigation services with back-office image uploads.

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