Back Office Check Conversion: Access Online Training Materials At No Charge
With businesses and the financial services industry gearing up for back office check conversion, NACHA - The Electronic Payments Association has released resource materials that businesses and financial institutions can use to begin training staff about the new ACH check conversion application. Enabled by new NACHA rules that become effective March 16, 2007, back office conversion (BOC) allows businesses and billers that accept checks at the point-of-sale or at manned bill payment locations to convert eligible checks to ACH debits in a centralized location.
Developed by NACHA's BOC Education Task Force, the training materials provide businesses, processors and financial institutions with a tremendous amount of organized and interactive information to answer their customers' questions about back office check conversion. (ACH Direct was represented on the BOC Education Task Force by Deborah Matthews, AAP, vice president of marketing.)
The training materials can be accessed and downloaded from the business section of the Electronic Payments Web site at http://www.electronicpayments.org. Currently, the material includes interactive training decks and a sample consumer "take-away." Additional information for consumers will be available closer to the implementation date in March.
Check conversion has been available in the marketplace since September 1999, when NACHA's interim rules for converting checks at the point-of-purchase went into effect. NACHA estimates that more than 2.3 billion checks were converted into ACH payments in 2005.
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