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RCC Image Services
For Internet Phone, Recurring and Batch payments.
MyECheck's RCC image service is the worlds first Check 21 solution for remote transactions.
Internet- Your customers enter their check data on your website and pass it to us electronically.
Phone- You collect customer data over the phone and enter it into a virtual terminal for processing.
Recurring- Send us single transaction data or CSV files on dates you want payments processed and we will clear the funds to your account that day.
Batch- Send batch CSV files over SFTP. As we receive your customer's data, we create RCC images of the items and insert them into X9.37 files (the current standard Check 21 file format).
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Check Imaging Process
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Benefits Summary
MyECheck = Paper Check = Safer
MyECheck created items, electronic RCCs are governed by Check 21 law and Uniform Commercial Code (UCC state law). These laws are much more favorable to the recipient, you, than are the laws governing ACH transactions – particularly with respect to charge-backs.
MyECheck has Broader Reach
MyECheck can debit every US checking account, even accounts that ACH cannot debit. Such accounts include accounts at many Credit Unions, S&Ls, small banks, brokerage accounts, business accounts and credit card check accounts.
In fact, MyECheck provides you with access to more customers than any other single payment method.
MyECheck Provides Faster Clearing and Availability. MyECheck items are created, file formatted and submitted directly into the banking system for fastest possible clearing. Providing your bank with expedited availability.
With faster clearing and availability, risk is reduced, cash flow is improved, and services can be provided sooner with greater confidence.
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MyECheck Offers Value Added Services
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Financial Verification Services
Prior to authorizing a transaction, MyECheck can verify the status of the customer’s bank account and determine if the customer is a recent check bouncer.
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Identity Validation Services
MyECheck offers 3 levels of identity verification including a high assurance ID validation.
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Collections and Guarantee
Fully integrated collections at no additional charge, with payment guarantee available.
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Guaranteed International Payments
Non-reputable 2-3 day bank funds collection in over 50 countries and provides bank remitting capabilities to bank accounts in over 120 countries. The system currently supports 21 currencies and will perform low cost foreign exchange when required.
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