Electronic Check Processing

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Electronic Check Processing or E- Checks is the process of transforming paper checks into electronic debits. An automatic identification mechanism ensures proper recognition of the different types of checks and documents. The checks and documents are first electronically captured, after which relevant data is extracted, validated and formatted for further processing. Electronic checks are secure, fast and efficient and can be initiated from both hardware platforms and software applications, offering rapid and secure settlement of financial obligations. Electronic Check Processing also accepts online payments and even over the phone, at a cost lower than both paper checks and credit cards.

Electronic Check Payment Processing helps in expanding online payment options and automating processing which in turn help in increasing sales and lower costs. E-Checks comes with vast benefits such as earlier fraud detection, fewer bad checks, reduced billing costs, decrease in errors, improved consumer privacy and security which leads to greater customer satisfaction. Additionally, cost to process a check electronically is usually lower than credit cards. Also receiving deposits is faster sooner as fund deposits are nearly twice as fast as paper-based check processing.

Electronic check processing comes with a number of advantages as compared to credit cards. It requires a low per-transaction fee instead of paying up to four percent of each transaction to the credit card companies, thus leading to increase in savings, as well as expand customer base. One of the most attractive features of Electronic Check Processing is that they can be used by anyone with a checking account, without the need for high ticket re-engineering.

Exprezto Payment helps you accept credit cards online with merchant training, compatibility and fraud protection. Exprezto Payment helps you widen your business spectrum by applying years of experience and expertise in the credit card processing industry. Contact us today to know more about our ecommerce credit card services and choose a service that fits best with your business requirements.