Retailers across the nation are deploying check conversion solutions - the process of converting paper checks to electronic items at the point of sale. Check conversion is an important trend considering that checks account for the majority of non-cash payments for most retailers.

While check writing is growing by about 2% annually, check fraud is growing at over 12% (The Nilson Report 1998). Consequently, an on-line authorization of checks is a competitive necessity. Check conversion and on-line authorization/capture represents a clear cost justification when one adds up the fraud reduction, cash flow increases, productivity improvements and new revenues made possible from automated return fee collection. Through its alliances, ISC can offer its customers the latest check truncation technology. Benefits to merchants include:

+ Direct Deposit of payroll, pension and annuity payments
+ Ability to capture/scan the actual front image of the check
+ Accelerated cash flow, lower fees and idle balances in local bank
   accounts
+ Automated return item collection - both face value and handling fee
+ Increased productivity through faster check-out and balancing
+ Image at POS eliminates the need to retain or manually retrieve
   credit/debit card slips
+ Fast/objective dispute resolution on converted check transactions
+ Check image archive provides name & address database for target
   marketing
+ MICR read repairs made from check image, thus allowing
   representment/collection

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