savings
Turn costs into
ECC brings big cost savings
Electronic check conversion
dramatically reduces the high cost
of processing paper checks. By read-
ing the MICR code and processing
the check electronically, ECC speeds
the check transaction through the
routing process. And with the rising
cost of credit card transactions, ECC
can make checks the lowest cost
payment next to cash.
Cost and labor efficiency
You can reduce handling costs by
more than 40% with ECC. In-store
check pickup, deposit preparation
and transport are no longer required.
Faster access to funds
Float time is reduced from 5-7 days
to 1-2 days, making funds available
sooner, allowing you to optimize
your interest income. And, because
returned checks are resubmitted faster,
you’ll collect funds quicker too.
Consolidated bank fees
Retailers typically route paper checks
through multiple banks in each
region. With ECC, you can centralize
your check processing through a
single bank and negotiate significantly
more favorable rates.
Maximize ECC savings with Epson
Today, retailers are realizing substan-
tial savings by lowering check
handling costs, reducing losses from
bad checks and speeding access to
funds with ECC and Epson’s
industry-leading ECC printer, the
TM-H6000III. Epson has three
options to meet your needs that make
implementing ECC at the point-
of-sale easy: Check capture using
MICR reader, check capture using
digital check imaging and check
capture using digital check imaging
and ID scanning.
Epson’s check and
ID scanning features
reduce check costs and
fraud, and cut check
transactions to as little
as 10 seconds.
Glenn Gibson
CIO, Magruder’s Supermarkets
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