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International Factors: International Business Consideration - Document preview page 1

International Factors: International Business Consideration - Page 1

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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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International Factors: International Business Consideration - Page 1 preview imageNACHANACHAdraftsandestablishesrulesintheU.S.forACHpaymentsandnetworks,includingrulesregardingCheckTruncationapplicationsandPOPCheckConversion.
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International Factors: International Business Consideration - Page 2 preview image
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International Factors: International Business Consideration - Page 3 preview imagePoint of Point Check ConversionPoint-of-purchase(POP)checkconversion.ThistypeofcheckconversionisalsocalledelectroniccheckbyNACHA.ThepapercheckisconvertedtoanACHpaymentatthemerchant'scashregister.TheconsumerfillsoutapapercheckandgivesittothecashierorretailerwhoscansittocapturetheMICRline.ThepaymentbecomesanACHdebitentrytransactionandisprocessedthroughanACH.AccordingtoNACHA,morethan38millionpapercheckswereconvertedintoelectronicACHdebitsatretaillocationsin2001.Theconsumermaysignareceiptauthorizingtheelectronictransactionandkeepacopyasarecordofthepurchase,ortheconsumermaytakebackthescannedpapercheck,whichisnowvoid,asareceipt.Toimplementthistypeofcheckconversion,theretailerneedstheappropriatecheckscanneraswellasanaccountandconnectivitytoanACHprocessor.
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