Check 21 Electronic Check Service
Using the Virtual Check 21 System allows merchants to create virtual checks using customer bank account information.
Each check is then verified against the Check Verification array of validation and verification options including
ATM Verify, NCN Verify, Live Verification and Instant Verification. Upon successful verification the check transaction
is provided to the depository bank with the proper transaction information. The transaction information is transmitted
within an X9.37 file directly to the merchants financial institution.
Merchants can benefit from:
- * Next-day fund availability
- * No float times
- * No middleman or broker
- * Lower Return Ratios
Merchant can also utilize the Remote Deposit Capture Service technology for all physical check transactions.