Another Breakthrough from TeleCheck

TeleCheck again leads the way into a new era in check acceptance with a revolutionary process that combines the benefits of checks with the safety, speed and ease of electronic money movement and delivers "The Power of the Check Without the Paper."

It's called the TeleCheck Electronic Acceptance® (ECA®) service and it will literally change the way you think about checks now and in the future. This service not only delivers a streamlined check acceptance process, but also eliminates returned checks, returned check fees and warranty claims, while reducing check fees and trips to the bank. It also means reduced paperwork and improved cash flow through faster closing/balancing and settlement.

Converts Paper Checks Into Electronic Items

Designed to mirror the process currently used for credit cards, the ECA service converts paper checks into electronic items at the point of sale and automatically deposits these funds into your account utilizing TeleCheck's Eclipse™ or Accelera® SE payment terminal, a specialized set of terminal and host software and the National Automated Clearing House (ACH) system.

Release the Power

The process is simple. After the check writer presents his check, the clerk authorizes it through TeleCheck and gives thte check writer a printed receipt for signature. This signature allows TeleCheck to electronically present the transaction to the check writer's bank for settlement and that money is automatically deposited in your account. And, because the electronic transaction is TeleCheck's responsibility, if it fails to clear the check writer's account, you'll never see a returned check or returned check fees. The bad check or transaction is TeleCheck's responsibility.

Checks - A Hassle-Free Payment Option

In every way, the ECA service is a process that will make it safer, faster and easier to accept checks and will make checks a more viable payment option for both you and your customers. Once your customers understand the ECA service, they realize it is a safe and secure process backed by TeleCheck.

TeleCheck. The Check Experts

The TeleCheck Electronic Check Acceptance service is the latest in a long line of steps TeleCheck has taken to guarantee that your customers' affinity for checks can be accomodated with an efficient and effective check accpetance process. And it proves once again why TeleCheck can truly proclaim to be the Check Experts.