BOC provides an incredible return on investment for merchants. A recent study done on behalf of a retail store chain found that Back Office Conversion could "reduce bank fees by as much as 97%, improve access to funds by 54% and reduce losses from the returned items by 20% through implementation of BOC via (check) conversion into an ACH payment (BOC/ACH). By implementing BOC/ACH, the retailer realizes an overall savings of 59.9%."1
About CybrCollect
Established in 1998, CybrCollect, Inc. consolidates the best practices in the check collection and electronic payment industries. In addition to their core RCK services, they offer a complete eCheck solution with integrated collections for all return items. CybrCollect endeavors to create the fastest returns for merchants while providing excellence in customer service. Their free electronic check collection services aid businesses nationwide in increasing their collection of bad checks, while lowering associated transaction fees through consolidated returns and EFT.
About Midax
Established in 2000, Midax, Inc. is an industry innovator in systems integration with an enterprise suite of software solutions specifically tailored to the independent retail operator. Midax offers a range of fully integrated solutions for retail, from payment processing and loyalty to CAO, receiving and price hosting, all supported by one common data warehouse. Midax serves customers across the entire United Sates from its base in Virginia Beach, VA.
1 A Compelling Business Case for BOC Adoption, Now. A Major Retail Case Study/ White Paper. by: Bob Seltzer, President and Michael Fisher, Sr. Vice President Meta Software. |