Benefits For the Governmental Agency e-ValuCheck allows any online agency to accept paper check payments while never seeing, touching or depositing a single check. The check print files are transmitted to the agency's bank data center for check print and deposit. Agencies receive an electronic post the each transaction, similar to that of an ACH or credit card transaction. E-ValuCheck opens significant market potential for online agencies. This market potential includes the 80 million Americans that have checking accounts but do not have credit cards, the 40 million Americans that have credit cards with zero available credit on those cards and by allowing teenage consumers without credit cards the opportunity to now make payment online. The differentiation between e-ValuCheck and other "electronic checks" is that all ACH processes checks encounter a significant number of "administrative returns" due to the inefficiencies of the ACH system. The manual handling of these administrative returns causes a substantial increase in the cost of payment processing. ACH payments were created for reoccurring transactions and not for one time payments. E-ValuCheck is based upon the paper check, the preferred payment method in America, which eliminates all of these ACH based problems. As an online agency, you want to offer as many methods of payment as possible. Additionally, e-ValuCheck is a cheaper payment option to process versus the credit card for online payments and it offers the option of a check guarantee, which is not available with credit card transactions.
e-ValuCheck allows any online agency to accept paper check payments while never seeing, touching or depositing a single check.
See demonstration of "e-ValuCheck for Government Payments"