Total Profit Control

Check Conversion

CHECKS - Still The Most Common Form of Payment

Checks are the most convenient and efficient way for most buyers to transfer money to sellers. Benefits to consumers are obvious: they do not have to carry large sums of cash with them; transactions can be easily recorded and money accounted for; and of course, there is the "float time" between writing the check and when it actually clears the bank.

The Better Way to Handle Check Payments

With the Impact Check Conversion process, any business that accepts paper checks will gain the speed and ease of having those checks electronically deposited without having to take the paper items to a local bank.

Electronic Check Conversion is a process whereby organizations can convert a check into an electronic item (via a small scanner) at either the point of sale or with checks received by mail or as part of the accounts receivable process. The check is then processed electronically and deposited through the ACH (Automated Clearing House) system within two banking days.

Ideal For Organizations With Multiple Locations

The system is perfect for business with multiple locations. Each location can be responsible for processing its own checks and has access only to its data, while regional or corporate offices have additional access privileges and view activity throughout the entire business network.

Benefits of Electronic Check Conversion

- Eliminate trips to the bank. Electronic deposits can be made right from any office computer with internet access. Multiple checks can be batched and submitted together at the same time.

- Reduce banking costs. An ACH transaction costs much less than a paper check and considerably less than a wire transfer.

- Access funds 2 to 3 times faster. Utilizing the electronic network, you can make your deposit as late as 5:00 p.m. and still have funds in your account the next morning.

- Combines deposits from multiple locations. Deposits from multiple locations can all be deposited into the same account, regardless of the location of the submitting office. East or west coast, electronic deposits are handled the same.

- Utilize a more reliable system. ACH transactions are made in a timely, predictable manner, and have a lower margin for human error than paper checks.

>Back to Electronic Payments

Click here to place account online now!