Accounts Receivable Check (ARC) Conversion

Through electronic Accounts Receivable Check (ARC) Conversion, eligible consumer checks drawn on US dollars received at a lockbox or drop box can be converted into electronic debits and processed through the ACH network.

The checks are machine read to capture the magnetic ink character recognition (MICR) information — routing number, account number and check serial number — along the bottom of the check. These data elements, along with the check amount, are used to create an ACH record that is transmitted to us. We originate the transaction and credit your account with us the next business day.

We provide an end-to-end ARC conversion solution that includes business case development resources, remittance processing software, MICR parsing software, comprehensive implementation services, testing support and ARC-capable retail lockbox outsourcing.

How you benefit:

  • Reduce check handling costs with an enhanced electronic process
  • Improve funds availability
  • Lower return item rates
  • Accelerate return items processing to improve risk management
  • Reduce bank deposit functions and check deposit courier expenses

JPMorgan Chase is licensed under U.S. Patent Numbers 5,910,988 and 6,032,137.


Copyright © 2017 JPMorgan Chase & Co. All rights reserved.