How will the TeleCheck ECA service affect the consumer?

The TeleCheck ECA service benefits the consumer by returning their paper check to them immediately—and the private information contained on the check. Your check-writing consumers will generally still have the same amount of time before their check is presented to their bank (about two days). The electronic transaction will appear on their bank statement, with the date the check cleared, the check number, the amount and the place where the check was presented.

Category: Check Acceptance