Back Office Conversion

[I am in Las Vegas for the TAWPI Payments in Transition conference – these are my notes from one of the sessions. An index of all of the sessions and links to the rest of my notes is here. – EMc] Payments in Transition Town Hall MeetingJoseph Sass, Senior Regional Manager, US BankJay Matyas, VP […]

{ 0 comments }

[I am in Las Vegas for the TAWPI Payments in Transition conference – these are my notes from one of the sessions. An index of all of the sessions and links to the rest of my notes is here. – EMc] Back Office Conversion: Too Little Too Late?Bob Meara, Senior Analyst, Celent [program blurb] A […]

{ 1 comment }

I am in Las Vegas for the fifth annual TAWPI Payments in Transition conference (with the largest attendance yet: approximately 140 billers, bankers and vendors). TAWPI – the Association for Work Process Improvement – is focused on payments automation, distributed capture, and imaging/forms processing. The Federal Reserve's latest research indicates that 50% of consumer-to-business (C2B) […]

{ 0 comments }

Finally, public announcement of BOC roll outs… The Midwest grocer Hy-Vee ($5.2 billion, 224 store locations) has selected NCR's ImageMark solution for Back Office Conversion (BOC). Checks will be scanned in the back office at each store and transmitted to corporate headquarters. From there items eligible for BOC are converted to an ACH and non-eligible […]

{ 0 comments }

There are 6,000 people at this year’s AFP (Association of Finance Professionals) conference in Boston, and it feels like half of them must be smashed into this morning’s session on “The Retail Merchant’s Customers’ Payment Options: Deciding Between C21, BOC, ARC & POP”. Peter Nash of CVS, Charlie Labassi of Home Depot, and Delores Ratliff […]

{ 0 comments }

The latest Digital Transactions explores why adoption of Back Office Conversion (BOC) has been so meagre six months after NACHA launched the transaction type for converting checks to ACH transactions in the back office of merchants instead of at the point-of-sale (via the POP transaction type). The primary cause of the slow start is the […]

{ 1 comment }

An article posted today at Digital Transaction News cites the relative quiet surrounding Back Office Conversion (BOC) since it's introduction March 16th (as we observed here at ForteBlog after Payments 2007 in Chicago last month). Digital Transaction News suggests that the relatively high cost of scanners and software for large merchants with many outlets creates […]

{ 0 comments }

This letter to the Wichita Eagle, in Kansas (a follow up to their article on BOC here) demonstrates how at least one consumer views POP as more secure than BOC. The consumer's rationale is that if the paper check is returned to them the merchant isn't responsible for safeguarding their personal data: Letter to the […]

{ 0 comments }

Check conversion via Back Office Conversion (BOC) has significant advantages, particularly over the Point of Purchase (POP) check conversion method, and is widely regarded as NACHAs reaction the merchant disappointment with POP transactions. Back Office Conversion benefits for merchants and retailers are as follows: Increased efficiency: Rather than converting checks one at a time at […]

{ 0 comments }

Effective today, March 16, 2007, there is a new way to convert checks to electronic ACH transactions: Back Office Conversion (BOC). This method joins Point of Purchase (POP)  and Accounts Receivable Entry (ARC) and fills a gap in check conversion options, particularly for retailers and other businesses that continue to receive a large number of check […]

{ 0 comments }

Clicky Web Analytics