All checks are verified in “real time”. By searching a nationwide database of over 120 million checking accounts, the service provider alerts you if your customer
has written bad checks; and also protects you from returned checks by identifying
consumers who have recently been conducting an unusual level of check-writing activity.
Service Options Put You in Control
Check Conversion • Check Verification • Check Guarantee
QUICK FACTS:
• Automatic settlements ensure faster funds availability and faster cash flow.
• Reduces check acceptance costs and risks (Guarantee option available).
• Reduces or eliminates check deposits – and fees - at your local bank.
• Speed and convenience of faster checkout.
• Simplified handling – No listing and balancing of checks.
• Monthly activity statements and on-line reporting available.
• On-line viewing of checks allows you to research returned items.
• Improved security . . . Customer’s check is returned to them at the POS, minimizing
the exposure of their personal check data. |
