Consumers
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SAFEST PLACE
for
YOUR CHECK
is
WITH YOU!
![[Picture of woman holding check]](images/safestplace.jpg)
Zmax Solutions allows you the luxury of keeping your personal information safely in your hands.
Welcome to the new world of Electronic Check Conversion!
This page contains helpful information, links, and answers to frequently asked questions regarding Electronic Check Conversion (ECC).
For consumers, ECC provides all the benefits of paper checks combined with the added security of the electronic payment system. This is the same system used by banks for more than 25 years to process transactions such as the Direct Deposit of your paycheck.
Some of the most notable benefits include:
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* Safety & Confidentiality |
About 10 million Americans have their identity stolen every year. The process of clearing paper checks exposes your personal and financial, information to as many as twelve people. Do you know these people? With Electronic Check Conversion (ECC), only you and the cashier see YOUR personal information printed on your check... eliminating eleven opportunities for fraud. The safest place for your check is with you, and when your check is electronically processed, this is where your personal information stays. |
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* Choice |
Electronic Check Conversion (ECC) helps merchants reduce check writing fraud. This means they are now more eager to accept your check. This allows you to pay the way YOU want and continue to enjoy the benefits of writing checks. |
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* Convenience |
With Electronic Check Conversion (ECC), there is no more waiting for banks to return your cancelled checks. You have the check immediately back in your possession - again, The safest place for your check! |
FREQUENTLY ASKED QUESTIONS:
Why did I get my check back?How is this safer?
Will money come out of my account faster?
Do you check my balance?
What if there's a mistake?
What if I "bounce" a check?
How many times will a "bounced" check be deposited (presented)?
What happens if my check "bounces" three times?
Is there a fee for "bounced" checks?
What is the "NSF Service Fee"?
How is the "NSF Service Fee" collected?
I'm a business owner, will Electronic Check Conversion work for my business too?
Q: Why did I get my check back?
A: Because the SAFEST place for your check is with you! You just made
payment at a merchant that processed your check electronically. This ensures
that your original check and all your personal information can stay with you.
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Q: How is this safer?
A: Only you and the cashier ever see your check and the personal
information printed on it. If the paper check was deposited, as many as
12 or more people might handle your check along with ALL of the personal
information on the check.
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Q: Will money come out of my account faster?
A: NO! Your check will not reach your account until at least the
second business day after you made the purchase or payment.
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Q: Do you check my balance?
A: NO! Neither the store where you wrote your check or Zmax
Solutions has direct access to account balance information.
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Q: What if there's a mistake?
A: Zmax Solutions makes every effort to ensure that the merchant
and the bank(s) process your payment accurately. If you believe that a
mistake has occurred, please Contact Us immediately.
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Q: What if I "bounce" a check?
A: If your check is returned for Non-sufficient Funds (NSF), or
Uncollected Funds (UCF), most merchants will instruct Zmax Solutions to
"re-deposit/re-present" your electronic check automatically.
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Q: How many times will a "bounced" check be deposited (presented)?
A: The law allows a check to be deposited (presented) no more than three times.
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Q: What happens if my check "bounces" three times?
A: Since the law won't allow a check to be deposited again, in most cases
information will be forwarded to a collection agency for final processing.
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Q: Is there a fee for "bounced" checks?
A: In most cases. Unfortunately, there are many expenses incurred by the
merchants when a check "bounces". That is why the law allows the collection of
a fee for "bounced" checks.
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Q: What is the "NSF Service Fee"?
A: The "NSF Service Fee" is what the law allows a merchant to collect to
cover their expenses for handling "bounced" checks.
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Q: How is the "NSF Service Fee" collected?
A: If your check "bounces", and then is paid when "re-deposited/re-presented",
your account may be electronically debited for the "NSF Service Fee" up to an amount
allowed by law.
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Q: I'm a business owner, will Electronic Check Conversion work for my business too?
A: Nearly any business can benefit from
Zmax Solutions Electronic Check Conversion Program. Please refer to our
Merchants page, or
Contact Us to discuss your specific business needs.
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