Accounts Receivable Conversion - ARC
  
Hal. E. Lou. Yeah. That kind of conversion.
Paper checks to digital ones...i.e. digital payments. In the Stone Age, things were done manually on paper, and it took armies of workers to do simple things like clear a check, or deposit money from one bank account into another. ARC is just the agreed-upon system and set of standards that electronicized more or less everything financial. Amen.