What is an electronic check?

Tomorrow’s Technology is Here Today!

Imagine your customer handing you a check :

  • you enter the requested data into a point of sale terminal
  • you slide the check through the check scanner

Instantly, an image of the check is created and stored in the check scanner ! Instantly, an electronic transaction request is transmitted for approval ! Instantly, a receipt is printed which the customer signs allowing for ACH funds transfer !

  • you image the receipt by sliding it through the check scanner
  • you hand the check back to your customer
  • funds are credited to your account with 24 – 48 business hours
  • "electronic" checks which bounce hit SPS's bank account not yours !

Save on individual deposit item charges, bad check fees, banking time & effort, deposit ticket costs, & cash flow delays.