Comparing eChecks to Other Payment Types

Here’s a detailed comparison of eCheck to the other popular payment types.

eCheck and Paper Checks
The electronic check (eCheck) is an all-electronic enhancement to the paper check and is based on current check law. This white paper briefly compare paper and echecks, based on five categories: usage, cost, allowance for errors, risk management, and information richness.

eCheck and Debit Cards
Debit cards are used by individuals, and to a far lesser extent by businesses, to make payments at the retail point-of-sale, or to obtain cash from ATMs.   This white paper will briefly compare the differences between debit cards and echecks.

eCheck and Automated Clearing House (ACH)
Since electronic checks are debit transactions, this white paper provides a high level comparison of some of the main differences between the ACH debit system and echecks. These differences are reviewed in five main categories: terminology, business practices, underlying technology, transaction authorization, and risk management.  Note that as of 2015, ACH and eCheck can pretty much be used interchangeably. There are some differences, but for all intensive purposes, they are the same. Echeck now uses the ACH network to connect the Payee with the banking institution.

eCheck and Secure Electronic Transaction (SET)
The SET protocol specifications were defined by the credit card industry to facilitate credit card purchases over the Internet.  This white paper briefly compares the differences between SET and echecks.



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eCheck and Home Banking
Home banking bill payments are convenient for consumers, and although they have some of the characteristics of electronic payments, there are significant differences between echecks and home banking bill payments.  This white paper will briefly explore the differences between the two payment approaches.