BACK OFFICE CONVERSION:

Accounts Receivable Conversion (ARC) changes a consumer check received in the mail into an electronic check.  Non-consumer items (money orders, cashier checks, etc.) are converted into Check 21/IRDs in our processing office and deposited electronically into the merchant account.


This system is designed for any business that receives large quantities of checks in the mail.   The check is converted into an Electronic Funds Transfer (EFT) and is processed through the Automated Clearing House. The ACH is the federally regulated electronic payment network used by over 95% of the country's financial institutions.

PERFECT WAY TO CENTRALIZE BANKING:

Many companies find that ARC helps to centralize all of their locations into one bank account.  It doesn’t matter where a payment center is located – their checks will be deposited into a designated bank account anywhere in the country.

HOW DOES IT WORK?

Businesses receive checks for payment of goods or services via mail or delivery. Checks are fed through an imager – the imager is connected to a computer that has a web connection. Check data is confirmed for accuracy and transferred from the imager into our web based system. Our processing center receives the check data and processes all consumer check items through the ACH We convert the non consumer items into Image Replacement Documents and deposit them. The check writer's account is debited and the business account is credited in 48 hours. 

THE SYSTEM IS RELIABLE AND FAST:

The system is extremely reliable.  Checks input into the imager and submitted to our processing system are deposited into your bank account the day after they are debited from the check writer.  Every item in a batch is deposited at the same time.  Accounting is easy and straightforward. 

THIS PROGRAM IS ALL ABOUT SPEED AND SAVING MONEY - YOU GET YOUR MONEY A LOT FASTER AND IMPROVE YOUR FLOAT TIME !!!