EPP Announces Release of Check Conversion Solution

Electronic Payment Providers, Inc. (EPP), a leader in electronic payment services, announced today the availability of Express Check Conversion, a comprehensive check scanning solution that includes Accounts Receivable Conversion (ARC) and Check 21 Check imaging.  Through Express Check Conversion, any business that receives paper checks can benefit from depositing them remotely. Electronic check conversion is quicker, safer, and easier than making a trip to the bank and less expensive than using a courier. In addition, through the EPP integrated Express Payments Suite, Express Check Conversion items can be automatically reconciled to any business’s collection software solution.

By implementing a check-conversion solution that can accommodate all types of paper items, EPP has overcome the challenges of typical stand-alone Accounts Receivable Conversion (ARC) that accommodates only personal paper items.  EPP’s Express Check Conversion also includes Check 21 check imaging that allows both business checks and money orders to move electronically. Check 21 also allows banks to create a "Substitute Check" from an electronic image of the original check. Over time, Check 21 is expected to enhance efficiency and improve the security of the nation’s payment system.

“Check 21 and ARC legislation are facilitating the industry’s shift to electronic payment processing by allowing check data to be captured and cleared electronically,” states Jim Worman, EPP Chief Executive Officer, “We offer progressive solutions to businesses seeking to make this transition. The Express Check Conversion module is fully integrated within EPP’s Express Payments Suite to prepare paper items for electronic processing, submit them, and post the return information directly into Accounts Receivable and Collections packages. This system fully automates paper-check submission, processing, and returns.”

In addition to Express Check Conversion, the EPP Express Payment Suite includes the following complete set of Electronic Check Conversion products and tools:

• Express Corporate Check Conversion — for large volume, in-house bill processors
• Express Dropbox — for smaller de-centralized billers
• Express Returns Manager (NSF Re-Presentment)
• Express Check Collection (RCK)