Electronically handle customer checks quickly, securely, and efficiently — reduce business expenses.
Check conversion services from Wright-Patt allow you to handle check transactions quickly, securely and efficiently by processing paper checks as electronic payments through the Federal Reserve's ACH Network.
What it Does:
- Processes checks as electronic transactions
- Uses a check scanner to capture MICR information and a digital image of the check
- Verifies account information
- Processes the payment through the Federal Reserve System’s ACH Network
- Withdraws funds from the consumer’s account on the next business day and deposits funds into your company’s account within one to three business days
- Allows you to destroy original paper checks, reducing the risk of tampering
Benefits for Your Business:
- Eliminates many of the costs and liabilities associated with paper checks
- Increases speed of check payment processing
- Lowers costs involved in deposit preparation
- Requires little capital investment
- Enables fast implementation and upgrades
- Requires no software to purchase or install, and no licensing fees to pay
- Accelerates cash flow — transactions settle within one to three business days
- Facilitates secure, NACHA compliant electronic check processing
Our Business Services team can help you start the application process today. Click here to schedule an appointment or call (800) 762-0047 or (937) 912-7000.
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