Accept Checks by Phone or Electronic Checks Online
Electronic Checks - Phone Checks - Online Checks - e Checks
How we pay for things in the United States is changing. As more people choose to pay electronically, there are others that continue to write paper checks to pay invoices. Processing these checks is becoming more and more expensive, which why many retailers, traders and billing companies are changing over to electronic checks.
The Automated Financials Group provides direct deposit payment services that allow merchants to collect funds via e-checks. AFG's check system controls bad bouncing checks, nsf checks, and automatic collection and check recovery. Merchants can receive e-checks (a routing number and checking account number) via an online form, email, fax, or telephone, and immediately afterwards process the e-checks for fastest payments.
Terminology
RCK - Re-presented Check Entry
ARC - Formerly known as "Lock-Box," now defined as Accounts Receivable Entry
CCD Plus - Cash Concentration or Distribution transaction
