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 Business owners can now convert the
paper checks they receive into electronic debits at the
point-of-sale. This process can help a merchant eliminate
chances of loss, reduce the banking fees paid by the business,
streamline operations, and increase a merchant's useable cash
flow. For one low fee, you have the most revolutionary and
fully developed system for handling checks - verification,
electronic deposit, and ACH recovery.
Key
Benefits
- Speed. Funds deposited into your
account in 48 hours
- Check Verification at no additional
cost
- Electronic checks are paid before
paper checks, giving you the advantage if there are limited
funds
- Bad checks are detected more quickly
reducing multiple losses and expediting the collection
process
- Reduced processing fees at the bank,
and little or no deposit preparation in the cash office
- NSF converted checks can be
immediately electronically re-presented a total of 2 more
times
Here's How It
Works
- The consumer presents a check for
payment
- The merchant runs the check through a
check imager/reader scanning the entire check
- The information on the bottom of the
check (MICR) is read and used to initiate an electronic
transaction
- Upon approval, a receipt is printed
for the consumer to sign, authorizing the merchant to debit the
account via the ACH. The merchant stamps void or
processed electronically on the paper check and then
gives it back to the consumer with their copy of the authorization
receipt
Trifold Brochure
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