On March 16, food retailers will be able to start using a new mechanism for processing checks that promises greater efficiencies and cost savings than traditional methods. Called back-office conversion, the new procedure allows retailers to gather all of their checks from the POS and other sources and feed them into a scanner/imager that electronically transmits consumer check data through the Automated Clearing House (ACH) network while capturing an image of each check. The rule change ...
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