Description of the ECC service which allows our clients to electronically convert check deposits.

1. ECC
CheckCare’s Electronic Check Conversion (ECC) at the Point of Sale
Electronic Check Conversion
Offering you the latest in Electronic Payment Systems technology, CheckCare’s Electronic Check Conversion (ECC) allows you to accept a
customer’s check at the point of sale and convert it to an electronic ACH item.
CheckCare’s ECC 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 business’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.
Eliminating deposit slips, long banking lines, and offering fast funds availability, CheckCare’s ECC system will provide you with security
and confidence in accepting checks. And, once again, your items receive First In – First Out treatment because the item is electronic.
Additionally, returns are realized in a much shorter time than with paper checks, return fees are substantially lower, and other banking
fees may be reduced.
CheckCare’s ECC program helps businesses take full advantage of this new innovation in the world of electronic commerce and provides
the added safety and convenience of paperless money.
Merchant Benefits
• Provides the ability to accept checks as easily as credit cards
• Reduces or eliminates check losses
• Improves cash flow with funds available within two banking
days
• Reduces labor costs associated with preparing paper checks
for deposit
• Utilizes secure, automated processing
• Speeds customer check-out
• Provides easy reconciliation and record keeping
• Reduces check fraud