Truncation is the generic word used by the electronic payments industry for converting paper checks into electronic transactions.

POS Truncation allows retailers to simply and quickly convert the paper checks they receive at the cash register (point-of-sale) to electronic transactions.  At the end of the day you simply batch your electronic checks in like you do your credit card transactions.  No more time wasted preparing manual deposits, then running them to the bank the next morning.  Substantially reduces overhead and labor costs, and potential for fraudulent activity.  POS Truncation includes check verification and check recovery in one low price!

Electronic Lockbox is the "in-house" version of truncation.  Offices that receive checks on a daily basis can bring about considerable increased efficiency to their receivables by converting them to electronic transactions.  A micr check reader along with one of our software applications is all that is required. 

Then take the electronic lockbox a step further by building a bridge from Mid America Solution's truncation software to your company's AR software so that depositing and posting becomes just one simple step.  Your savings brought about through increased efficiency will be immediate!