Transcript expresscheck21 - Welcome to Secure Payment Systems

Web-Based Accounts Receivable
Conversion (ARC) / Check 21 Solution
Electronically Process and Deposit Physical Checks
Copyright © 2009 Secure Payment Systems, Inc. All Rights Reserved.
Business Opportunities
 Checks deposited faster
 Drastically reduces transaction fees
 Sales tool for reselling
Industry Fact
According to the Federal Reserve, as of
September 11, 2006, approximately 17
percent of the checks or slightly over 6
million checks a day, were deposited via
Check 21!
Understanding Check 21
 Allows conversion of any type of paper check to Substitute Check or
Image Replacement Document (IRD)
 It is applicable to ANY type of Check or instrument with a MICR* line
 It does not require permission or notification of any kind
*Magnetic Ink Characters at the bottom of every check
expresscheck21
SM
 Our popular web-based check 21 solution
 Designed for businesses who accept consumer and nonconsumer checks at their business location
 Checks are scanned and electronically deposited in the backoffice eliminating time consuming bank visits, saving on multiple
register scanners, and reduced NSF fees
Key Features & Functionality
 Web-based, convenient, secure, and easy to set-up

24/7 online access to retrieve check images and payment status

Highly scalable to support any payment volume, from single users to
large payment processing environments

Ability to accelerate check clearing by sending the check items directly to
the Federal Reserve

Automatically captures the dollar amount on the check during scanning
thereby reducing entry time and errors

Substantial savings on returned item fees
Benefits

Secure and easy to set-up (web-based)

Enables acceptance of all types of checks at the point-of-sale

Requires no check scanning equipment at the register

Simplifies and speeds up check handling & processing

Lowers the cost of payment processing

24-48 hour funds availability

Improves response time and accuracy

No more waiting in line at the bank

Promotes better customer service

Faster notification of returned items (3-5 days vs 7-10 days)

Facilitates better access, storage, retrieval, & distribution of checks

Enables consolidation of banking relationships for business locations

Substantial savings on returned items fees
Scanners Supported Currently
High Volume Digital Check TS – 350
- Accepts 100 checks at a time; 60-80 checks per minute
- Images both sides of checks in 1 pass; Endorsement
Digital Check
TS - 350
Mid Volume Digital-Check TS – 230/65
- Accepts 25 checks at at time; 65 checks per minute
- Images both sides in 1 pass; Endorsement
Low Volume Scanners
1. Magtek MICRImage
- Accepts 1 check at at time; 30 checks per day
- Images each side per pass separately; No Endorsement
2. Digital Check CX-30 *NEW*
- Accepts 1 check at at time; 500 checks/day
- Images both sides in 1 pass; Endorsement
Digital Check
TS – 230/65
Magtek Imager
Digital Check
CX-30
expresscheck21 Process
1. The merchant logs on to the
expresscheck21 site using a secure
login and password and scans the
checks to be deposited.
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Non-consumer Items
Consumer Items
2. The scanned images of the checks
are saved on the expresscheck21
site. Once the merchant batches out,
these electronic check images are
sent for processing.
expresscheck21 Process Contd…
3. The check writer’s account is
debited and the merchant’s bank
account is credited. Merchant has
funds within 48 business hours* eliminating a trip to the bank.
Consumers
Bank
Merchants Bank
4. Files can be saved and uploaded to
the merchant’s accounts receivable
system.
*24 hour funds availability at a minimal surcharge.
Web Browser

Open your web browser & log on to:
www.securepaymentsystems.com

Click on expresscheck21 Website
under “Product Links”
Customer Login

Enter your customer information
in uppercase letters:
- File Code
- User Name
- Password
 Hit ENTER
Welcome Page

You can view important
announcements and
transaction cut-off times on
the welcome page

You can also access the
IRD or ARC System on
the left to get started

Select IRD System to
process all types of U.S.
checks (consumer and
non-consumer) and ARC
System for consumer
Checks only
Main Menu

The Main Menu on the IRD /
ARC System offers various
options including the ability to
scan checks, process scanned
checks and batch out

Select Scan Checks to begin
processing checks
Conclusion
 Easy-to-use solution utilizing a computer, check scanner, & internet access
 Accepts all types of checks (consumer & non-consumer)
 24-48 hour funds availability
 24/7 access to retrieve check images & authorization via secure website
 Concise, real time reporting available on-line
 Faster notification of returned items (3-5 days vs. 7-10 days)
 Substantial savings on returned items fees
We are Committed to Providing Superior & Affordable
ACH and Check Processing Solutions
Getting Started
Secure Payment Systems
10650 Scripps Ranch Blvd. Suite 109
San Diego, CA 92131
Tel: 1.888.313.7842
Fax: 858.549.1323
www.securepaymentsystems.com
Interested in a Web Demo? Call us or email:
[email protected]