Point Of Sale

Magic-Wrighter's Electronic Point of Sale program is designed primarily for your retail business customers. It allows your retail business customer to swipe a consumer's personal check through an inexpensive check reader. The check reader captures the micr information located at the bottom of the check.

The Point of Sale e~Check Windows software allows the check-out clerk to enter the dollar amount of the check and transforms each check into an electronic money file that is automatically sent to the bank at a designated time each day.

Your retail business customer can transmit captured checks to you 24 hours a day 7 days a week. e~Check's are processed and scheduled for the next business day's posting.

Your business customer receives credit to their corporate account the next business day.

The Point of Sale system notifies your business customer many times faster than paper checks, of NSF checks, stopped payments and closed accounts. This provides your business customers with the option of starting collection procedures sooner.

The Point of Sale program includes the Electronic Check Re-presentment system. When these two services are combined your business customer has greater control over payment collection from their customers.

Your business customer can retrieve return check information each morning via Magic-Wrighter's Internet reporting system.

The Point of Sale program includes the required electronic check readers for your business customer. These scanners read the micr line at the bottom of the check and turn the paper check into an electronic check.

Your financial institution can generate additional income by offering the Electronic Point of Sale services to your business customers.