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International Factors: International Business Consideration

Download this Presentation Assignment to learn about the key international factors affecting global business.

Mia Martinez
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NACHANACHAdraftsandestablishesrulesintheU.S.forACHpaymentsandnetworks,includingrulesregardingCheckTruncationapplicationsandPOPCheckConversion.

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Point of Point Check Conversion•Point-of-purchase(POP)checkconversion.ThistypeofcheckconversionisalsocalledelectroniccheckbyNACHA.ThepapercheckisconvertedtoanACHpaymentatthemerchant'scashregister.•TheconsumerfillsoutapapercheckandgivesittothecashierorretailerwhoscansittocapturetheMICRline.ThepaymentbecomesanACHdebitentrytransactionandisprocessedthroughanACH.•AccordingtoNACHA,morethan38millionpapercheckswereconvertedintoelectronicACHdebitsatretaillocationsin2001.Theconsumermaysignareceiptauthorizingtheelectronictransactionandkeepacopyasarecordofthepurchase,ortheconsumermaytakebackthescannedpapercheck,whichisnowvoid,asareceipt.•Toimplementthistypeofcheckconversion,theretailerneedstheappropriatecheckscanneraswellasanaccountandconnectivitytoanACHprocessor.
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Business Management

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