How does Check Conversion / Guarantee work?

• The customer writes a preprinted personal check to purchase items.
  
• The check is run through the RDM 6000i check imaging device which reads the encoded information (MICR line) at the bottom of the check.
  
• Next you will key in the dollar amount of the sale.
  
• The attached Hypercom T7Plus terminal will dial out and in a few seconds come back with either an approval or decline response. If declined the printer will provide a receipt to the customer explaining that the check was declined along with a toll-free number for them to call.
  
• The RDM 6000i will automatically frank “For ACH Deposit” on the back of the check.
  
• You will then hand the check back to the customer for him to keep.
  
• At close of business, the merchant transmits all transactions in a batch for settlement.
• Nova informs both the customer’s and merchant’s banks of the transaction and the funds are electronically transmitted to the merchant’s business checking account in 48 business hours, just like any credit card sales.
•  The transaction appears on the customer’s bank statement, your merchant business checking account statement, and a separate monthly statement mailed to you each month by Nova.
• ONE CALL TO NOVA FOR ALL YOUR INQUIRIES (24/7) CHECKS, DEBIT OR CREDIT

 Standard on the EC6000i is RDM's proprietary Progressive MICR Method.  The Progressive MICR Method is an RDM innovation that allows our imagers to scan the MICR line and capture the image in a single pass with unsurpassed accuracy.  The 'single pass' capability of the EC6000i has enabled it to read and process the MICR line in under two seconds while performing substitute prevention and reject repair.    MORE.....

Call 1-800-540-8424 or Fax 1-775-854-1903