Copyright © 2009 Secure Payment Systems, Inc. All Rights Reserved. Electronically Process and Deposit Physical Checks Web-Based Accounts Receivable Conversion.

Copyright © 2009 Secure Payment Systems, Inc. All Rights Reserved.

Electronically Process and Deposit Physical Checks

Web-Based Accounts Receivable Conversion (ARC) / Check 21

Solution

Checks deposited faster

Drastically reduces transaction fees

Sales tool for reselling

Business Opportunities

According to the Federal Reserve, as of

September 11, 2006, approximately 17 percent

of the checks or slightly over 6 million checks a

day, were deposited via Check 21!

Industry Fact

Understanding Check 21

*Magnetic Ink Characters at the bottom of every check

Allows conversion of any type of paper check to Substitute Check or Image Replacement Document (IRD)

It is applicable to ANY type of Check or instrument with a MICR* line

It does not require permission or notification of any kind

expresscheck21SM

Our popular web-based check 21 solution

Designed for businesses who accept consumer and non-consumer checks at their business location

Checks are scanned and electronically deposited in the back-office eliminating time consuming bank visits, saving on multiple register scanners, and reduced NSF fees

Web-based, convenient, secure, and easy to set-up

24/7 online access to retrieve check images and payment status

Highly scalable to support any payment volume, from single users to large payment processing environments

Ability to accelerate check clearing by sending the check items directly to the Federal Reserve

Automatically captures the dollar amount on the check during scanning thereby reducing entry time and errors

Substantial savings on returned item fees

Key Features & Functionality

Secure and easy to set-up (web-based)

Enables acceptance of all types of checks at the point-of-sale

Requires no check scanning equipment at the register

Simplifies and speeds up check handling & processing

Lowers the cost of payment processing

24-48 hour funds availability

Improves response time and accuracy

No more waiting in line at the bank

Promotes better customer service

Faster notification of returned items (3-5 days vs 7-10 days)

Facilitates better access, storage, retrieval, & distribution of checks

Enables consolidation of banking relationships for business locations

Substantial savings on returned items fees

Benefits

Scanners Supported Currently

Digital Check TS - 350

Digital Check TS – 230/65

Magtek Imager

High Volume Digital Check TS – 350- Accepts 100 checks at a time; 60-80 checks per minute- Images both sides of checks in 1 pass; Endorsement

Mid Volume Digital-Check TS – 230/65- Accepts 25 checks at at time; 65 checks per minute- Images both sides in 1 pass; Endorsement

Low Volume Scanners1. Magtek MICRImage- Accepts 1 check at at time; 30 checks per day- Images each side per pass separately; No Endorsement

2. Digital Check CX-30 *NEW**NEW*- Accepts 1 check at at time; 500 checks/day- Images both sides in 1 pass; Endorsement

Digital Check CX-30

Consumer ItemsNon-consumer Items

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expresscheck21 Process

1. The merchant logs on to the expresscheck21 site using a secure login and password and scans the checks to be deposited.

2. The scanned images of the checks are saved on the expresscheck21 site. Once the merchant batches out, these electronic check images are sent for processing.

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Consumers Bank Merchants Bank

expresscheck21 Process Contd…

3. The check writer’s account is debited and the merchant’s bank account is credited. Merchant has funds within 48 business hours* - eliminating a trip to the bank.

4. Files can be saved and uploaded to the merchant’s accounts receivable system.

*24 hour funds availability at a minimal surcharge.

Open your web browser & log on to:

www.securepaymentsystems.com

Click on expresscheck21 Website under “Product Links”

Web Browser

Enter your customer information

in uppercase letters:

- File Code- User Name- Password

Hit ENTER

Customer Login

Welcome Page

You can view important announcements and transaction cut-off times on the welcome page

You can also access the IRD or ARC System on the left to get started

Select IRD System to process all types of U.S. checks (consumer and non-consumer) and ARC System for consumer Checks only

Main Menu

The Main Menu on the IRD / ARC System offers various options including the ability to scan checks, process scanned checks and batch out

Select Scan Checks to begin processing checks

Conclusion

We are Committed to Providing Superior & Affordable ACH and Check Processing Solutions

Easy-to-use solution utilizing a computer, check scanner, & internet access

Accepts all types of checks (consumer & non-consumer)

24-48 hour funds availability

24/7 access to retrieve check images & authorization via secure website

Concise, real time reporting available on-line

Faster notification of returned items (3-5 days vs. 7-10 days)

Substantial savings on returned items fees

Secure Payment Systems10650 Scripps Ranch Blvd. Suite 109

San Diego, CA 92131

Tel: 1.888.313.7842

Fax: 858.549.1323www.securepaymentsystems.com

Interested in a Web Demo? Call us or email: [email protected]

Getting Started