Check 21

With our Check 21 Software, DepositChecks can make your remote deposits in your checking or savings account from the convenience of your home, store or office! Only a small percentage of financial institutions offer a check 21 processing service to their merchants. Good News: we work with all banks and credit unions and will deposit your funds "NEXT DAY" into your existing account.

The process known as "Remote Deposit" allows you, (the merchant) the ability to capture front and rear images of checks (using a Check Reader Scanner) along with their respective MICR data for those checks being deposited. We transmit this check data through the Federal Reserve to your depositing institution, and your account is then credited with the funds.

QuickBooks Check Processing is now Available!

In addition to Check 21 processing, we support ACH formats, including:

• ARC (Accounts Receivable Check Conversion)
• BOC (Back Office Check Conversion)
• POP (Point of Purchase - Retail Check Transactions)
• TEL (Check by Phone)
• RCK (Represented Check, NSF Check Recovery)
• Virtual Check 21 (Print checks in-house for deposit. Used also by "High Risk" merchants)

How it works

Process all types of U.S. checks, drawn on any bank or credit union that is a Federal Reserve member, including personal checks, business checks, government checks and warrants, money orders and traveler's checks over the Internet. Using check truncation, the paper checks never leave your office and, in fact, should be destroyed after the successful deposit of funds into your bank.

The use of electronic check conversion - also known as Check 21, Accounts Receivable Check (ARC), Point of Purchase (POP), or Back Office Conversion (BOC) in banking terms - is among the fastest growing types of ACH applications due to its enormous benefits. Using our proprietary Internet-based Back office conversion "Remote Deposit Capture" software and check scanning reader, you can scan conventional paper checks and transform them into an electronic check deposit. The software also stores the check data and check images in a database for future research and retrieval, re-submission of NSF checks and more.

You accept many checks each month from customers. Currently, you would have to look up each customer account, apply the payment to the account, stamp the check for deposit, create a deposit slip, drive to the bank, stand in a long line and make the deposit. On top of this, your bank will typically charge an "item deposit fee" for every check you deposit. Too time consuming and too expensive!

Why would you want to convert a paper check?

By converting that paper check into an electronic transaction, things are much simpler, faster, and more economical: First, you scan the customer's check. The customer account information is automatically displayed for existing customers, linking the payment to that customer. Then just enter the amount of the check into the software. You repeat this for every check you receive. Your deposit is now complete! What could be easier?

• Process up to 100 checks PER MINUTE

  Deposit Checks into Multiple Accounts

  Deposit Checks from Multiple Locations

  Online, Real-time reports for easy Bank Reconciliations

  Automatically Match each check you scan to the invoice it's paying

  Use the "memory" function for faster identification of customer's you have done business with in the past

  Check for errors or duplicate entries automatically every time you make a deposit

  Resubmit NSF checks Automatically

  Dynamic Report Generator

  • Choose Any / All Data
  • Choose Any Date Range
  • Save as a template or view one-time and even share with staff members online

  Works with QuickBooks® software 2002 and newer (Not online version)

  Electronic Check (eChecks)

  

  Electronic Checks (eChecks) are Safe, Simple & Secure... “Remotely created checks” typically are created when the holder of a checking account authorizes a payee to draw a check on that account but does not actually sign the check. In place of the "paper draft" being created, we create an electronic transaction. Remotely Created Checks (RCCs) can be a useful payment device for some depositors under certain circumstances. In the current marketplace, RCCs may be used for recurring payments, one-time payments and collection activities authorized over the telephone, as well as contracts that necessitate same-day availability of funds. See Check 21 versus ACH processing.

  A "RCPO" & "RCC" do not get processed through the ACH (Automated Clearing House) and, therefore, are not regulated by NACHA.

  A remotely created check is subject to state law on negotiable instruments, specifically Articles 3 and 4 of the Uniform Commercial Code (U.C.C.) as adopted in each state. Under the U.C.C., a bank that pays a check drawn on the account of one of its customers may charge a customer’s account for a check only if the check is properly payable. A remotely created check is defined under Regulation CC (Reg. CC), as amended in 2005 by the Federal Reserve Board, as: . . . [A] check that is not created by the paying bank and that does not bear a signature applied, or purported to be applied, by the person on whose account the check is drawn. The drawer grants the payee (merchant) authorization to produce a remotely created check drawn on the drawer’s account. See both Federal Trade Commission: Telemarketing Sales Rule; Final Rule & An Examination of Remotely Created Checks

  Our in-house Electronic Check experts are standing ready to help you make an informed decision to move your company's payment processing forward.

  Allow us to offer and create an electronic payment processing program to provide you access to your funds in an expeditious manner.