Check Conversion

As the use of personal and business checks remains popular, check acceptance procedures have seen great advancements over the years. The electronic check conversion is one of the latest innovations. Electronic check conversion converts a traditional paper check into an electronic check (EFT) at the point-of-sale and processes it through the Federal Reserve Automated Clearing House (ACH) network, reducing risk and improving efficiency. Similar to the process of a credit card transaction, the check information is approved electronically, debited from the check writer's account through the ACH network and credited to the merchant account.

This electronic process saves time and offers merchants payment security. The Cynergy Data check conversion comes with a guarantee: checks will be electronically deposited directly into the participating merchant’s checking account within 48 hours.

Electronic check conversion enables merchants to broaden their check-acceptance options with confidence. Out-of-state checks and checks in large sums can now be accepted with assurance.

Merchants save time, add convenience, and reduce risks with electronic check conversion.

Interested in Check Conversion? Click here.

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