Electronic Check Conversion (ECC) allows ProtoBase users to process checks in a much more efficient manner, resulting in lower processing costs, faster processing, reduced paperwork, and quicker access to funds—all guaranteed. ECC simplifies cash management and allows you to consolidate bank accounts, since you are no longer required to physically deposit checks at a bank.
When a consumer pays with a check at POS, the cashier scans the check through a Magnetic Ink Character Recognition (MICR) scanner device, which captures checking account information. The cashier then stamps the check "VOID" (either with a printer or a hand-stamp), and returns the check to the consumer, who signs a receipt that authorizes electronic payment and serves as a record of the purchase. ECC then uses the information to automatically initiate a debit from the consumer's bank account. The funds are moved within 48 hours of the purchase. A complete description of the transaction appears on your next monthly bank statement.