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Eclipse Merchant Terminal supports TeleCheck Electronic Check Acceptance® (ECA®) Verification
Customers want payment options so merchants need to accept and process checks. Paper checks create a number of extra steps for the merchant and can be a cost burden: they represent higher risk for fraud; they need to be verified, reconciled and physically taken to a bank for deposit, and processed. In addition to waiting several days for funds, merchants have to pay various fees to their banks for processing. TeleCheck has solved these issues by converting the paper check into an electronic transaction. |