BOC Overview
As of March 2007 Back Office Conversion is now available for all merchants who accept checks at Point of Purchase. With new regulations in place your business has the ability to convert paper checks in the back office reducing the amount of time necessary to process paper checks. This will save time, energy and people adding to your company´s bottom line profits. Contact us today to arrange a demo: 877-243-2501.
Benefits
- No training needed for clerks at the register.
- Minimal impact on checkout process.
- Quicker and easier processing of checks in the back end to move the money faster.
- Money saving and cost effective.
- No need for merchants to install scanners for every lane.
- BOC is Less expensive.
- Reduces the amount of armored car trips.
- Allows for check conversion at point of sale without equipment at the register.
- Uses rules similar to ARC with check conversion in the back office.
- Converts consumer checks and business check using Check 21 technology.
- Requires no written authorization from the customer, just posted notification.
How Does It Work?
Checks that are taken at Point of Purchase (POP) are imaged with a scanner either at the point of purchase or in the back office. These scanners can process 30 to 1,000 checks per minute. The checks are then electronically deposited in your business checking account eliminating the need for a paper deposit. This saves time and people equating to large bottom line profits.
Why Does It Work?
It works because the proper software and equipment have been developed that follow the NACHA guidelines needed for Back Office Conversion. With the software and hardware in place, a cumbersome job becomes simplified, reduces time needed to process paper checks, and an overall savings for your company. Just think, all of your locations able to process checks electronically without the need for trips to the bank or an armored car service. With our on-line reporting feature you are able to see all deposits, details of the deposits, returns and manage this for all locations from the Corporate office. Truly a time saver for all those involved in processing checks.