LML is one of the leaders in Electronic Check Conversion at the point-of-purchase (POP). LML provides merchants with a paperless, more efficient method of accepting the consumer’s check.

Acceptance of LML’s Electronic Check Conversion system by merchants across North America, with more household name retailers inquiring each day, heralds the beginning of the end of old-fashioned and inconvenient paper check handling at the point-of-purchase. Consumers overwhelmingly prefer to pay with checks – now merchants should overwhelmingly prefer to accept them. We invite you to compare our features and the resulting benefits with any other check system.


• Eliminates paper check handling costs
Paper checks are very costly for merchants to handle. Paper checks take longer to process at point-of-purchase. Time is consumed preparing deposit slips, physically depositing the checks at the bank, and in other back office activities. Electronic Check Conversion (ECC) eliminates all these costs.

• Makes for faster checkout times
…and that equals increased lane throughput. We designed our ECC systems and processes for side-by-side compatibility with credit card processes, so that accepting a check is as fast and as easy as taking a credit card.

• Accelerates availability of funds
With Electronic Check Conversion, all funds are deposited to the merchant’s designated account, normally within 48 hours. This is often significantly faster than for paper checks. For large merchants, cash management is greatly improved by eliminating the need to sweep funds from local banks to a central account.

• Reduces bad check risk and collection costs
Every transaction can be verified by being submitted for pre-authorization. Returned items are reported electronically, and can be resubmitted electronically, eliminating paper processing of returned items and resulting in faster access to funds. Electronic returns are easier to process, are identified days earlier (usually within 48 hours instead of 7-15 days for paper checks), are re-presented for payment more quickly than paper items, generally are given priority in the re-presentment process over paper checks and substantially reduce multiple returns.

• Helps increase sales, encourages repeat shopping
By making checks as easy to accept and as efficient to handle as credit cards, Electronic Check Conversion allows merchants to respect consumers’ payment preferences, and use that difference as a competitive advantage. Studies show that when a store offers a more liberal check acceptance program, 49% of their consumers will spend more. And 59% of consumers would rather shop where checks are accepted. A merchant can accept a check drawn on a checking account from any U.S. bank.

For more information about LML, contact LML Payment Systems – consumer friendly, merchant driven.