The EZCheck Electronic Check Transfer program (ECT) combines the benefits of paper checks with the speed, ease and safety of electronic processing. It’s just like accepting a credit card or debit card at the point-of-sale. The check is converted to a paperless transaction by electronically moving funds from the customer’s bank account to the merchant’s bank account. Combined with Check Guarantee, this service delivers a streamlined check acceptance process that eliminates returned checks and returned check fees, while reducing paperwork and trips to the bank. At the same time, it delivers safe and secured cash flow to the merchant.
No paper checks to handle and deposits to manually prepare
No deposits, no returns
Ability to accept checks as liberally as credit cards
Cash flow from checks is fast, safe, and guaranteed
Reduce or eliminate certain bank fees
No debits on bank account for returned checks (face value and service fee)
Check funding directly into single account for multi-locations businesses