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News Details (Posted: February 7, 2003):
Never Pay "NSF" Fees Again!
Contact Information:
Sam Spiezio
614-890-1136
Full Description:
US Treasury Rolling Out Paper Check Conversion (PPC) Program
The purpose of the program is to convert paer checks into electronic funds transfer debit transactions at the point of presentment. Creating a more efficient and cost effective cash management solution, to government operations.
Now available to Local MerchantsBenefits of Electronic Check Conversion (ECC)
Reduced paperwork and simplified end-of-day balancing and deposit preparation.
Reduced per item deposit fees.
Returned checks and returned check fees (NSF) are eliminated for checks processed through the ECC program.
Improved cash management
Reduced trips to the bank
Reduced check fraud
Lowered net cost of checks.
Acceptance of checks from the US and Canada.
Electronic funding handled on checks just like credit cards.
Money is in merchants account within 48 business hours.
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