ACH and Check Services

The Recurring Debit/Credit Process

• The customer authorizes you in writing to debit payments from a credit card, checking or savings account and provides you with the credit card/voided check/bank account information
• You enter the client information, transaction details, payment frequency and scheduling information into the system
• On the pre-determined date, depending on if you choose automatic or manual authorization, the transaction is submitted directly for processing through the ACH system
• On the settlement date, your customer’s account is debited or credited and your business account is credited (or debited) for the payment
• The details of the transaction are reflected on your customer’s monthly bank statement

Features

• Fast, Easy, & Secure Web-Based Platform
• 24/7 Online Access & Transaction Management
• Processes Debit and Credit Transactions
• Handles One-Time or Recurring Payments
• Electronic Check Re-Presentment (RCK) & Tracking
• Merchant Controlled Frequency & Timing of Payments
• Over 10 Payment Scheduling Options (Weekly, Bi-weekly, Monthly, etc.)
• Four Highly Customizable & Downloadable Reports
• Unmatched Technical Training & Round-the-Clock Support
• No Hardware/Software Requirements
• Tracks Customer Issues & Supports Multiple Locations
• Tiered Level Access for Multiple Users

Benefits

• Improves Cash Flow & Reduces Risk
• 48 to 72 Hours Settlement
• Safe, Convenient, and Accessible from Anywhere
• Automates Future Payments & Re-Submission Process
• No More Invoicing or Bank Trips
• Eliminates Check Handling & Returned Item Fees
• Increases Customer Retention
• Saves Precious Time

Check Services

What is an electronic check?

Imagine your customer handing you a check:

• You enter the requested data into a Point of Sale terminal
• You slide the check through the check scanner
• Instantly, an image of the check is created and stored in the check scanner and an electronic transaction request is transmitted for approval!
• A receipt is printed which the customer signs allowing for ACH funds transfer!
• You hand the check back to your customer
• Funds are credited to your account within 24 – 48 business hours
• Electronic checks that bounce do not hit your account

Check Guarantee

Accept checks with confidence!

Now you can eliminate going to the bank and worries about losing or having your check deposits stolen. Plus, you get rid of costly deposit item charges, bad check fees, banking time & effort, deposit ticket costs, & cash flow delays.

This option can also offer Full Check Guarantee which allows you to accept checks at your business without worry. For a small percentage of your check (ranging anywhere from 1.00%-2.00% depending on your industry type), you can have a check guaranteed to fund, even if it bounces!

Check Authorization

Check authorization is a simple process at the Point of Sale. Your sales associate enters the customer’s driver’s license information into the Point of Sale credit card terminal and/or slides the check through a check reader to capture the bank account data. In less than one second, the check is authorized from a database of millions of records, accessing both local and national negative files of unpaid checks. With the guarantee service, the authorized checks that bounce are reimbursed to you in full after we receive them. The verification service does not offer risk-free assurance and reimbursement of guarantee yet still accesses the databases to give you another alternative.

• Offers both verification and guarantee
• Claims reimbursement in 14 days
• Supports all major Point of Sale terminals
• Supports all electronic check readers
• Stop payment fraud coverage

The transaction is profiled using proprietary shopping pattern algorithms and continuously updates this database with check writing histories drawn from subscribing customers. The database also incorporates a positive file of good check writers, so you won’t lose a sale or delay a customer because of high check writing activity.

It’s that easy!