SECUR-CHEX AND REMOTE DEPOSIT CAPTURE

Guaranteed Conversion Plus (CONVG):

This product is ideal for the merchant that wants to use electronic check conversion to its fullest capacity. The merchant scans a check through the imager, and if the check is approved, Secur-Chex guarantees payment. Guaranteed Conversion Plus requires the use of an imager, such as the one built into an Orion DS hybrid terminal.

 Guaranteed Conversion (CONVGM):

Merchants have the benefit of electronic check conversion and the convenience of using a MICR only reader. The merchant scans the check through a check reader, and if the check is approved, Secur-Chex guarantees payment. Because Secur-Chex assumes more risk without an image of the check, the price for Guaranteed Conversion is higher and the maximum guaranteed amount per check is lower. 

 Check Conversion (CONV):

This product is for merchants who have an established client base, and want to take advantage of the time saving benefits of electronic check conversion. Checks processed through the Check Conversion program are not guaranteed for payment.

 Check Guarantee (VERG):

Check Guarantee is our paper-based product for merchants who want the security of knowing their checks are guaranteed for payment, but do not want to use Electronic Check Conversion.

 Check Verification (VER):

Check Verification informs the merchant if the check-writer or MICR entered has been reported for non-payment by a participating credit agency to the authorization network. Checks are not guaranteed.

Point-of-Sale Process for Electronic Check Conversion

The merchant must:

1. Make certain the check-writer's driver's license number and state, work phone number, and physical address are on the front of the check before running it through the check reader/imager
   *If the check writer has no work phone number, then the home number can be written on the check. If there is no work number or home number, write "No phone."
2. Run the check through the reader/imager
3. Have the customer sign the receipt
4. Stamp the check "ACH PROCESSED". Do not stamp the check until the customer has signed the receipt
5. Hand the check and a copy of the receipt back to the customer
6. Keep the signed receipt for records. (Secur-Chex may request a copy in the event of a dispute.)

 Requirements for Guaranteed Conversion and Guaranteed Conversion Plus

1. The paper check must be completely filled out and signed by the check-writer
2. Amount of transaction must be the same as the check amount
3. Check must be for goods or services. NO check-cashing
4. The date the item is processed must match the date on the check
5. Check-writer must sign the EFT/authorization receipt
6. Signature on receipt and check must match

Requirements for Check Conversion (No Guarantee)

1. The paper check must be completely filled out and signed by the check-writer
2. Amount of transaction must be the same as the check amount
3. Check must be for goods and services. NO check-cashing
4. The date the item is processed must match the date on the check
5. Check-writer must sign the EFT/authorization receipt
6. Signature on receipt and check must match

 Requirements for Check Guarantee (Paper-Based)

1. The paper check must be completely filled out and signed by the check-writer
2. Amount of transaction must be the same as the check amount
3. Check must be for goods or services. NO check-cashing
4. The date the item is processed must match the date on the check

Electronic Check Conversion Equipment Supported
Terminal	Imager or Check Reader
Orion IV and DS	Integrated Imager
Eliot 4500X, 4000, 2000, 1000	RDM 6000 Series, Magtek
Hypercom T42xx series	RDM 6000 Series, Magtek
Omni VX and 37xx series	RDM 6000 Series, Magtek
Hypercom T4100 35 Key	RDM 6000 Series, Magtek
Hypercom T7Plus	RDM 6000 Series, Magtek
Nurit 20xx, 30xx, 8320, 8400	RDM 6000 Series, Magtek

 

Check Verification w/Guarantee & Verification Only Equipment Supported
Terminal	Check Reader
Orion IV and DS	Integrated
Eliot 4500X, 4000, 2000, 1000	Magtek or Manual Entry
Hypercom T42xx series	Magtek or Manual Entry
Verifone VX and 37xx series	Magtek or Manual Entry
Hypercom T4100 35 Key	Magtek or Manual Entry
Hypercom T7Plus	Magtek or Manual Entry
Hypercom T7 Series (512KB)	Manual Entry
Verifone Tranz series	Magtek or Manual

 

Electronic Check Conversion Exclusions

Due to NACHA regulations, these items cannot be processed via ECC: 

• Third Party Checks
• Payroll Checks
• Temporary Checks
• Checks drawn from non-USA banks
• Checks not written for goods or services (No check-cashing)
• No post or predated checks
• Money Orders
• Traveler's Checks
• Business Checks

Remote Deposit Capture - RDC

EMG has partnered with RDM Payment Solutions to offer a check processing service called Remote Deposit Capture.  The beauty of RDC is that it allows you to electronically process virtually any paper form of payment.   That includes all types of checks, money orders, travelers checks, payroll checks, and more. It means no more trips to the bank, just sit down at your Internet connected PC at the end of the day, insert your checks into a scanner, submit a batch, and you're paid the NEXT day for anything submitted prior to 8:00PM EST.

Remote Deposit Capture is based on federal Check 21 legislation that allows a dual sided image of a payment document to function as the original. 

EMG offers two versions of RDC:  Simply Deposit and ITMS Web Client. Check processing volume is the primary driver for determining which product your business needs. Simply Deposit is perfect of most merchants processing 50 checks or less per day. Merchants processing more than that, those that require separation of duties, or if you require the ability to accept payment coupons, we have the ITMS Web Client product.

For more details, please contact your local EMG Representative or our Additional Products Sales team at 1-877-364-8040.