Product: eSoftPay Desktop and Countertop software solutions
Company: Electronic Recovery Inc.

With the astounding growth rates in electronic check processing, merchants stand to benefit from a solution that allows them to easily create environments to accept and process these types of transactions.

Electronic Recovery Inc. released its second generation eSoftPay Desktop software. Running on the Windows platform, the solution is a simple way for users to configure all types of electronic transactions.

The Countertop version allows businesses to conduct point-of-purchase (POP) e-check transactions. Electronic Recovery has partnered with VeriFone Inc. and MagTek to provide a complete system that includes the software, an Omni 3750 terminal and either a VeriFone CR1000i or a MagTek reader.

Merchants are now able to process automated clearing house (ACH) transactions and create electronic accounts receivable (as well as POP transactions) pre-arranged consumer debits and business-to-business transactions.

With eSoftPay's multi-functional flexibility, merchants can verify both paper and electronic checks prior to acceptance; convert and process e-checks (ECC); conduct lockbox conversions (ARC); collect electronically returned checks (RCK); accept telephone transactions (TEL); process one-time or recurring payments; and pay employees through direct deposit rather than with paper checks.

eSoftPay is integrated with Electronic Recovery's check verification service. Transaction reporting is available through a Web-based system, which can be configured to meet specific merchant definitions.

Electronic Recovery's software products are designed to let small or large retailers convert paper checks into electronic checks and to let merchant services providers broaden their offerings by furnishing an outsourced solution to their customers.

Electronic Recovery Inc.
800-601-7819
www.electronicrecovery.com