| "Swipe" your
customers checks through a check reading device and their funds will be
electronically deposited into your bank account. similar to a credit card
transaction. No more bad checks, bank fees, or tips to the bank.
Check Truncation Program (This is not a
regular old fashion check Guarantee)
ECP offers PATENTED point-of-sale
electronic check processing system that allows a check payment to be
administered like an automated credit card sale. In effect, your customer's
check is converted to an electronic debit, so you no longer need to accept
"paper" checks.
To use the system, your customer simply
presents a blank check to you, which you then feed through a check-reading
device that captures the bank account information. Once security and sale
amount are entered, the transaction is automatically submitted to a central
database for approval. This database is the largest of the kind in the
nation, housing both positive and negative check writer records. Upon
approval, a sales receipt with authorization is printed for your customer's
signature. Returning the blank check and giving a receipt to your customer
completes the sale. the funds are then transferred from your customer's
account to your account electronically within two Business days 100%
GUARANTEED!
An extra featured called "Assured Payment"
can also be added. This feature guarantees payment on every approved
transaction and you will received the funds within 48 hours.
The Check Truncation System provides for a
speedier point-of-sale, reduced checkout error, less administrative
procedures, detailed reporting, and faster access to the cash receipts from
sales.
Check truncation processing offer business
that prospect for increased sales where check acceptance is normally
restricted. It also provides the advantages typically available only with
credit card sales. |