Check Conversion Services
Electronic Check Conversion considerably reduces the time, cost and complexities associated with check acceptance at the point of sale (POS), back office (BOC) and mailed in payments (ARC). It is the most efficient and effective way to convert paper checks into electronic items. Hence, you are free from depositing checks at your bank and you get your money faster. Also, you can quickly spot the problem accounts.
Some key benefits
- Easy and convenient handling – No deposits at your bank
- Quicker funds availability as compared to checks
- Daily activity statements and online reporting available
- Researching returned items is easy through online viewing of checks
LST Financial check conversion services automate the check process, accelerate funds availability and lessen bank charges. Funds are directly deposited in the merchant’s account thereby lessening the requirement to fill in daily deposit slips.