Electronic Check Processing

CrossCheck’s Electronic Check Processing solutions help thousands of merchants automate Check Guarantee authorizations and deposits into their accounts.

Two types of  Electronic Check Processing are offered by CrossCheck to help merchants increase sales and mitigate risk while saving time and money: Remote Deposit Capture and Check Conversion.

Remote Deposit Capture

CrossCheck's Remote Deposit Capture is an advanced type of Electronic Check Processing that enables merchants to accept, process and deposit guaranteed checks into their business accounts without leaving the office.

How does Remote Deposit Capture work?

Merchants receive an approval code after transmitting digital versions of paper checks to CrossCheck:

1. Check images are captured with desktop scanners or the CrossCheck MobilePay app for smart devices.
2. Merchants enter additional consumer and purchase info as needed.
3. Consumers sign a receipt, acknowledging the processing of their check(s).
4. The digital image (aka "substitute check") is uploaded to CrossCheck, then deposited in the merchant’s account (usually within 72 hours).

What are the benefits of RDC?

RDC helps merchants increase sales and mitigate risk while saving time and money by eliminating claims submissions, bank visits to deposit checks, missed deposits, the collection of bad checks, and more:

• A wider acceptance of checks and fewer administrative returns.
• 24/7 processing, transaction reporting and review, and tech support.
• Green-friendly paperless recordkeeping and processing.
• Loaner equipment available at no additional charge.
• Consolidated reporting and banking.

RDC also provides the framework for Multiple Check (a premium service giving consumers a little extra time to pay for big-ticket items), the C.A.R.S. program for auto dealerships, and MED-RDC for medical offices.

Check Guarantee mitigates the risk of accepting checks while Remote Deposit Capture saves time and money because of fewer trips to the bank. — Southern California Home Furnishings Store

Check Conversion

CrossCheck’s Conversion Plus enables merchants to accept, process and deposit guaranteed checks into their business accounts without leaving the office.

How does Check Conversion work?

Conversion Plus provides check guarantee services via desktop readers that retrieve bank and account data from the check before merchants key in consumer information and amounts. Transactions are submitted to CrossCheck and funded within 48 – 72 hours.