The process of scanning and electronically transmitting the MICR line of a check from the POS to the paying bank for settlement. Converted checks are routed through the collecting bank to the ACH system and on to the paying bank.

The merchant not only saves on banking and accounting costs, but can significantly reduce losses from bad checks. A complete image capture of the check taken at the Point of Purchase is available.

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Electronic Check Services:
Check sales account for over 50% of all non-cash payments at the point-of-sale. That's more than $650 billion annually. When merchants accept checks, they make more sales. Check conversion & guarantee services provide the flexibility and immediacy of electronic payments with the comfort and familiarity of paying by check.


Product Features:

	Reads MICR characters on checks, deposit, withdrawal slips and other MICR encoded documents
	Optional 3-track MSR (Magnetic Stripe Reader) for ISO and AAMVA card standards
	Small footprint, low cost check reader with high accuracy and dependability
	Compatible with the Nurit 3020, Hypercom T7 Series and the VeriFone 3200 and 3750 terminals

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