Electronic Deposit Services

First Data provides end-to-end Electronic Deposit Services with a comprehensive ARC solution by REMITCO. The REMITCO® ARC solution helps you maximize conversion rates while reducing administrative return rates. By converting checks received in the lockbox to ACH debits, you can gain improved funds availability, improved risk management, faster returns and decreased credit losses.

The REMITCO ARC solution offers you:

• Customizable workflow, which allows flexibility in ARC processing for individual lockboxes
• Origination to any bank
• Comprehensive set of check MICR parsing rules
• Lowest administrative return rates in the industry
• Nationwide availability of services
• Returns processing and reporting

ARC is one of the latest steps in the evolution from paper to electronic transactions. Together with the REMITCO Web-based image archive, you can access images for customer service needs as well as meet the two-year image retention regulations for ARC as defined by NACHA. Our image archive will also designate whether a payment has been converted.