Check processing has dramatically evolved in a very short time.
Not long ago, one would write a personal check to make a purchase, and the merchant would then deposit the check at their financial institution for manual processing. This manual process could take several days to complete, as the merchant was required to wait for the funds to clear. However, in the 21st century, technology has transformed the paper personal check into an electronic transfer or debit (which is also known as an “electronic check” or “eCheck”). For the merchant, a customer’s funds are electronically transferred (EFT) from his or her financial institution directly to the merchant’s bank account. This is accomplished via the Federal Reserve Bank’s Automated Clearing House (ACH) System.
All of ForensisGroup’s Check Processing Expert Witnesses have years of experience with the ACH System and have dealt with it from many diverse perspectives, such as payment transactions, check fraud, and regulation compliance. The check fraud experts are knowledgeable about checking account fraud and check fraud prevention software, training, and examination. Payment experts excel in the field of card, electronic, and paper based payments, as well as banking administration, bank secrecy, and fidelity breaches. Our third group of check processing expert witnesses understand and work in the areas of compliance with banking regulations, negotiable instruments, bank policies and procedures, and the Uniform Commercial Code.
Contact ForensisGroup today to find your expert. Call us or Submit An Expert Request Form to retain an authoritative Check Processing Expert Witness.