Back Office Conversion
Back Office Conversion is an ideal way to convert checks to an electronic deposit without placing a check imager in each lane.
Using Back Office Conversion, paper checks are accepted at the point-of-sale, where a notice sticker is posted. The checks are retained and placed in a cash drawer — and at the time of deposit (daily, weekly, or at the end of each shift) are taken to the back office, scanned and converted into an electronic deposit.
How does Back Office Conversion work?
- Point-of-Sale signage gives clients notification that the receipt of a check is an authorization for an electronic debit
- A check is accepted face-to-face
- Checks are scanned with a PC (scanner desktop and Web-based programs are available)
- The electronic deposit is transmitted
- Funds typically settle in 2-3 business days
- Free recovery on all returned items
Benefits of Back Office Conversion:
- Special processing can convert business, 3rd party and government checks as well as personal checks
- No deposit batch fees
- Provides accelerated access to funds
- Minimal equipment investment
- Reduces bank fees
- Reduces repeat offenders
- Integrated recovery for all returned items
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