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ACH vs. Check 21
Transaction Trends — July 1, 2006
"BOC will allow ISOs and merchants to make a business case for ARC/ACH," Buchanan says. "Under current point-of-purchase (POP) rules, checkout clerks swipe checks, hand them back to customers, who then sign an authorization slip. It's confusing for customers, difficult for retailers and, when you have a return, you have a problem. With BOC, merchants keep checks in registers all day, taking capture information all in one batch. This (mitigates) concerns about training, keeps lines moving at the point-of-sale and saves merchants money with just one capture device per location, rather than at each register."