Remote Deposit Capture ARC Check 21 Solution


Solution

EFT Network’s (EFTN) Remote Deposit Capture is a hybrid, “patent pending” web-based ARC Check 21 solution that processes and deposits all types of paper items into electronic transactions or substitute checks, better known as IRD, all through a single point of entry system.

From Retailers to Corporations. Businesses in any industry are in need of a solution to efficiently manage and process paper check payments. With EFTN’s Remote Deposit Capture ARC system, you can scan, process and deposit all types of paper items at your business location using a check scanner. Captured images and data are then transmitted for clearing and electronically deposited into your bank account.

Key Features & Functionality

Check Images and Data
24/7 access to retrieve your check images and payment status.

Flexibility and Scalability
Highly scalable to support any payment volume, from small single users to large payment processing environments.

Data Security
All data transmission between merchant and bank are performed via EFTN’s secure web-based software system.

CAR/LAR Technology
Improves speed and accuracy in the capture process and results in major savings in data entry/processing time, and error reduction.

Here's How Remote Deposit Capture Works...

  1. Your business receives a check for payment of goods and services.
  2. Checks are scanned using one of EFTN’s desktop check scanners.
  3. Checks are processed via EFTN’s secure high-speed, web based software system and transmitted through the ACH.
  4. Our system automatically distinguishes and converts Consumer items, processed as ACH items, with Non-consumer items including corporate checks and payroll checks into Check 21 IRDs.
  5. The funds are processed through the ACH, electronically debited from the customers account and available in your bank account.

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