It wasn’t long ago that when a person wrote a personal check, the recipient deposited the check and the check was processed manually. The process could take days to complete, which meant the deposit had to wait for the funds to clear. Today, new technology has eliminated much of the delay by turning a paper check into an electronic transfer, also known as an electronic check or e-check. In this course, we’ll look at electronic check conversions, or ECKs, and how they’re covered under Regulation E. We’ll talk about ECK transactions, MICR encoding, consumer authorization, and payee responsibilities.