Check Conversion and Guarantee Services

Reduce the risks associated with accepting checks. Protect your organization´s cash flow and gain new options for collecting on returned checks. Use technologies such as ACH.

InterceptEFT provides check conversion and guarantee services including Accounts Receivable Check Conversion (ARC), Redeposited Check Program (RCK) and Check Guarantees. Each service helps ensure the checks you receive become reliable, timely income.

We also provide custom reporting, ACH software, automatic settlement, daily position statements, return-to-return ratios and electronic check programs that convert paper checks to electronic transactions at point-of-sale.

Back Office Conversion (BOC)
Now you are able to accept checks from consumer and business customers, and convert them to ACH debits by using back office processing. Contact InterceptEFT today to learn more about BOC and how it can benefit your business!

Accounts Receivable Check Conversion (ARC)
ARC gives customers the option to pay by check while you enjoy the benefits of processing payments electronically.

With ARC, you´ll electronically convert consumer check payments (received through the mail or dropbox) and process them with ACH. A check imager machine converts the check image to an electronic payment using the ACH system. I

ARC is especially effective for:

  • Retailers
  • Lenders
  • Utility companies
  • State and local tax services
  • Credit card issuers
  • Mail order companies
  • Service providers

Accurate: Process fewer bad checks, and enjoy earlier fraud detection, fewer errors, more privacy and reduced check processing costs.
Cost-Effective: Increase collection rates and lower your clearing fees.
Timely: Gain quicker availability to funds and reduced return handling time.
Secure: Convert checks using ACH, the safest and most accurate means possible.

Redeposited Check Program (RCK)
With RCK, you gain a new option for collecting on checks returned for Non-Sufficient Funds (NSF).

Using ACH technologies, RCK allows you to electronically convert and re-present checks that have been returned for insufficient/uncollected funds. You control the timing of the representment.

Successful: Improve collection rates by as much as 85%.
Cost-Effective: Reduce costs and increase collection rates compared to representment of paper checks.
Accurate: Decrease guesswork and know whether your representment was successful.
Current: Submit timely updates to customer negative file records in check verification systems.

Check Guarantee
Check Guarantee insures the check´s face value and protects you against checks written on non-sufficient funds (NSF). You obtain electronic approval or voice authorization for the transaction and then deposit the check.

InterceptEFT partners with Mid Atlantic Processing to provide this service. For more information, contact us.

InterceptEFT will streamline your check processing so you can accomplishmore and stressless.

Updated 03/14/2014