Electronic Check Benefits

It costs on average $1.22 to process a paper check, a PaySimple e-check costs you only $.55.
Check conversion requires very little effort or time to set up, and once it is established, your company immediately begins saving money.
Check conversion relies on the same secure network used for Direct Deposit and Direct Payment, the Automated Clearing House (ACH).
The Federal Reserve's Regulation E and the NACHA Operating Rules regulate electronic payments processed through the ACH network. Because of Reg E and NACHA's Operating Rules, consumers have greater protection with check conversion.
Check conversion is the fastest-growing type of electronic payment ever. Over 1 billion consumer bill payments by check were successfully converted to ACH payments in 2004.
Check conversion reduces time and resources needed to process payments, resulting in continued cost savings to your company.
Electronic processing reduces the burden on our nation's transportation systems and the environment. It takes a considerable amount of fuel to ship our country's millions of checks each year between companies, financial institutions, and customers.