Checks are an unwavering fixture in American business. As the payment option continues to remain popular among consumers, check acceptance has had great advancements over the years with multiple programs to pin your check services needs.
Checks by Fax or Phone
Now your company can use the same powerful tools that only the largest companies have enjoyed in the past. With our electronic funds transfer (EFT) system you can automatically and electronically debit your client's bank accounts for your recurring and non-recurring billing as well as eliminate the ongoing expense of accepting and processing payments through traditional paper methods.
You can accept checks by phone as easily as accepting a credit card payment. When a consumer would like to pay your company by phone a salesperson, collection agent, or telemarketing representative will ask the consumer to read the MICR line at the bottom of their check. The MICR line contains the consumer's checking account number, bank routing number and check number needed to process the transactions electronically.
Internet Checks
Our Internet ACH Payment Gateway is an information capture and processing service that allows consumers to pay for goods or services over the Internet by check without the need to mail a check. The consumer can input their checking account information directly into their web-browser and our Payment Gateway will deliver the check data to an authorized service center that will converts the data into an ACH transaction or a paper bank draft. Paper bank drafts are treated exactly like checks when they are deposited at the merchant's bank.
The Virtual Terminal integrates easily into any E-Commerce application. When your application is ready to collect the check payment, you simply pass the user to the secure Virtual Terminal where they are presented with easy-to-understand input screen for entering their check payment information. The primary check input screen resembles a paper checking so that users can easily understand how to find and enter their check account information. When finished, the user will be passed back to the URL of your choice to finish the purchase process.
Accounts Receivable Conversion (ARC)
Accounts Receivable Conversion (ARC) is and ACH processing service that converts a paper check, received in the mail or at a payment location, into an electronic check. The check is converted into an Electronic Funds Transfer (EFT), and processed through the Automated Clearing House (ACH).
The electronic check is presented to the check writer's financial institution and funds are transferred into the merchant's bank. The ARC system can then provide a file used to update payment information in your in-house accounts receivable system, eliminating data entry.
ARC allows the merchant to avoid the time consuming processing of paper checks, bank runs for deposits and data entry. In most instances checks submitted electronically are processed at the bank before paper checks, giving you quick access to valuable operating capital.
Retail Check Guarnatee
Accept checks with out the fear and risk of getting burned. Once you receive an approval from our negative database, your funds are guaranteed. If your bank returns a check for any reason, just send us the check and we will send you the face value of the check. NO QUESTIONS ASKED!
Electronic Check Conversion & Guarantee
Electronic Check Conversion as the latest innovation. Improving efficiency and reducing risks associated with check acceptance, Electronic Check Conversion converts a traditional paper check into an electronic check (EFT) at the point-of-sale and processes it through the Federal Reserve Automated Clearing House (ACH) network. Similar to the process of a credit card transaction, the check information is approved electronically, debited from the check writer's account through the ACH network and credited to your account.
Check Recovery
While this is not a guaranteed collection, it is a useful service for merchants that do not want to pay the high cost of Check Guarantee Services. It's a service that collects money the merchant never thought they would see. This service is great for all business types because there are no restrictions, and with a maximum amount of $2,500.00 per check, this program is sure to fit most businesses.
Our electronic collection process is much faster and more convenient than any other method available, and it will work on any bank in the U.S. and its territories. Collecting out-of-town checks has never been easier!
