March 12 /PRNewswire/ -- Back Office Conversion (BOC), the newest form of check conversion
, becomes available in the marketplace on Friday, March 16, 2007 with the effective date of NACHA's rules.
The proposed revisions to the regulation would provide guidance regarding the rights, liabilities, and responsibilities of parties engaged in electronic check conversion
transactions and would provide that payroll card accounts are accounts covered by Regulation E.
Solutran will provide CVS Electronic Check Conversion
Back-office Conversion (BOC) to Boost Electronic Check Conversion
and Streamline Check Processing
A second consumer guide, What You Should Know about Your Checks, discusses more broadly the ways that check payments have changed, including the increased use of electronic check conversion
, a process separate from Check 21.
ECHO) have teamed up to offer new grocery check conversion
payment solutions for merchants.
14 /PRNewswire/ -- With businesses and the financial services industry gearing up for back office check conversion
, NACHA - The Electronic Payments Association has released resource materials that businesses and financial institutions can use to begin training customer service staff about the new ACH check conversion
PUBLICATION OF CONSUMER GUIDE ON ELECTRONIC CHECK CONVERSION
Effective on March 16, 2007, the National Automated Clearinghouse Association's (NACHA) newest rule allows for back-office check conversion
at retail and other business locations.
The convergence of these two forces -- paper and digital -- will dramatically increase electronic check conversion
and processing over the next five years.
With the class B certification of Mobilescape, we can now offer the market's only wireless, handheld check conversion
processing technology to our customers," said J.
Electronic check conversion
is one of the fastest growing types of ACH transactions.