Transcript Slide 1

Web-Based Accounts Receivable
Conversion (ARC) / Check 21 Solution
Electronic Check Processing and Deposit
Copyright © 2005 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
- Check 21 provides a Retailer/Merchant/Biller with the opportunity to
convert any type of paper check, for purposes of transmitting it
electronically, where it may re-emerge in the bank clearing system as
the legal equivalent of the original check through a substitute check
document known as an 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
- IRD must meet certain formatting requirements
*Magnetic Ink Characters at the bottom of every check
expresscheck21
SM
expresscheck21SM is our brand new check21/ARC solution
expresscheck21 is a hybrid, “patent pending” web-based
platform that processes and deposits all types of paper items
into electronic transactions or substitute checks, all through a
single point of entry system
expresscheck21 is designed for businesses who want to
accept consumer and non-consumer checks at their business
location. The checks are processed in the back-office where
they are scanned and electronically deposited eliminating time
consuming bank visits, saving on multiple register scanners,
and bank 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
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Ability to accelerate check clearing by sending the check items directly to
the Federal Reserve
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Automatically captures the dollar amount on the check during scanning
thereby reducing entry time and errors
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Substantial savings on returned item fees
Benefits
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Secure and easy to set-up (web-based)
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Enables acceptance of all types of checks at the point-of-sale
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Requires no check scanning equipment at the register
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Simplifies and speeds up check handling & processing
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Lowers the cost of payment processing
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24-48 hour funds availability*
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Improves response time and accuracy
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No more waiting in line at the bank
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Promotes better customer service
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Faster notification of returned items (3-5 days vs 7-10 days)
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Facilitates better access, storage, retrieval, & distribution of checks
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Enables consolidation of banking relationships for business locations
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Substantial savings on returned items fees
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Banks can accept images from us and settle directly with their merchants**
*24 hour funds availability at a minimal surcharge
**A small transaction fee reduction may apply
expresscheck21 Technology
expresscheck21 requires a computer (Windows 2000 or newer operating
system), internet access with Internet Explorer 5.0 or greater, and one of
the recommended scanners mentioned below:
Digital Check TS - 350
Accepts 100 checks at a time
Processes 60-80 checks per minute, + or – 3,000 per day
Images both sides of checks in one pass
Digital-Check TS – 230/65
Accepts 25 checks at at time
Processes 65 checks per minute, + or – 500 per day
Images both sides checks in one pass
Magtek MICRImage
Accepts 1 check at at time
Processes + or - 30 checks per day
Images both sides checks in two passes
Digital Check
TS - 350
Digital Check
TS – 230/65
Magtek Imager
Web Hosted
expresscheck21
Software
expresscheck21 Process
1. Checks received are scanned and
+
processed via expresscheck21’s high
speed web hosted software and sent
electronically to Secure Payment
Systems for processing
2.
Non-consumer Items
Consumer Items
expresscheck21
automatically
distinguishes
and
converts
consumer items (processed as
ACH items) and non-consumer
items, including corporate checks
and payroll checks (processed as
Check 21 IRD)
expresscheck21 Process Contd…
3.
Consumers
Bank
expresscheck21
electronically
debits funds from the customers
account and deposits funds in
merchants bank account. Funds
are available within 48 hours,
alleviating a trip to the bank
Merchants Bank
4.
Upload files into your in-house accounts
receivable system
Web Browser

Open your web browser & log onto:
www.securepaymentsystems.com

Click on expresscheck21 Website
under “Product Links”
Customer Login
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Enter your customer information
in uppercase letters:
- File Code
- User Name
- Password
 Hit ENTER
Welcome Page
From the Welcome Page,
you can view important
announcements and
transaction cut-off times
You can also access the
IRD and ARC System

Select ARC System from
the menu on the left hand
side to get started
Main Menu
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The Main Menu supplies you
with all the options available in
our ARC System
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Select Scan Checks to begin
processing checks
Conclusion
 Easy-to-use solution, requiring a computer, check scanner, and internet access
 24/7 access to retrieve check images and authorization via our secure website
 Concise, real time reporting available on-line
 Real-time verification database reduces risk of accepting bad checks and collection
costs
 No bank deposit fees
 Files to update your in-house accounts receivable system
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?
Email: [email protected]