Accepting checks at Point of Purchase has taken a leap forward with the new electronic check conversion technology. For your company, electronic check processing means a faster, more efficient way to take checks while an electronic check will reduce costs significantly. Statistics show that it cost companies $1.25 to $1.55 to handle a paper check.

• Detailed online reporting
• Electronic re-presentment for NFS Checks (3 total)
• Minimizes NSF Checks and NSF Checks fees
• Eliminates handling paper checks
• Automates backend accounting with electronic files that POPts to your A/R and cash
• Expedites daily closing and balancing
• Bank Consolidation for Multiple Locations
• Improves Cash Flow

A check is imaged either at the Point of Purchase (POP) or in the back office (BOC). It is then converted to an electronic check payment and deposited directly into your bank account. For multiple locations, e-Checks can be deposited into a central bank account eliminating the need to sweep accounts for enhanced cash flow.

CheckVantage offers innovative software solutions which utilizes open mange technology for easy integration with your current POP programs. We understand the challenges of today's IT department and have developed tools to assist with the integration of electronic check conversion. Our strategic processing partners have invested millions of dollars in their solution to enable your company the flexibility of integration with out the hassle.

NSF checks remain a challenge for businesses. Electronic check processing will enable your company to collect 85-90% of your NSF checks with no human intervention. CheckVantage can save you money by reducing NSF checks and NSF check fees.

CheckVantage's reporting offers custom features that will allow your company to view transactions from a corporate level or from individual locations. This robust reporting tool can track transactions from beginning to end with a touch of a button. The security of always having a readily available check image is convenient and reduces paperwork while improving cash flow.