ARC

For your clients that write checks!

Convert Personal Checks To Electronic Payments

Consumer behavior can be difficult to change. Some clients readily accept new technology such as telephone and web payments, but many will write and send in a physical check payment. You need an efficient way to handle these transactions.

You can still deposit electronically...

The ACH network is used to clear over $25 trillion per year in electronic payments, and since changes to banking regulations in March Of 2002, personal checks received through the mail can be scanned and converted to electronic payments, and cleared through the ACH network. This process is called ARC or Accounts Receivable Conversion.

Some of the advantages of ARC include:

• no need to deposit paper checks
• lower transaction handling cost
• easier returned check handling
• faster funds availability
• funds go to your current bank

The Creditron ARC option gives ItemAge Express* users the ability to implement ARC easily:

• eligible checks automatically sorted
• electronic and physical deposits created
• file created for ACH provider
• use a Creditron ACH partner, or your own ACH provider

* Note: In order to fully implement ARC, ItemAge Express configuration must include image storage and CAR/LAR