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Electronic Check Verification and Guarantee | Simple check acceptance

Posted by Alex Neir on Tue, May 01, 2012 @ 03:45 PM
Electronic Check

Is your business looking for a simplified system for check acceptance? Are you wasting valuable time making trips to the bank to deposit checks? Are you concerned about bounced checks? If you have any of these concerns, an electronic check acceptance system may be your answer.

CrossCheck is a revolutionary system that gives your business the ability to electronically process and settle checks from a single point of sale (POS). Think of the CrossCheck as a system to process checks in a similar fashion to accepting credit cards. The CrossCheck system has two distinct and separate functions. These functions can be enabled together or separately.

  1. Verification
  2. Guarantee

The verification process runs the customer’s check information through their bank to verify the customer has the funds necessary to complete the transaction. The process takes a matter of seconds and returns a recommendation for approval or decline. Check conversion is also available with this process. Check conversion converts the customer check information to an electronic format for deposit in your business checking account.

The guarantee process guarantees the customers check and protects your business from losses associated with bounced checks. Check conversion is available with this process as well.

Both processes are available with a supported check reader. The guarantee process with conversion requires a check imager. A check reader scans the check and reads the account and routing number automatically. A check imager captures a picture of the check so that the original can be returned to the customer.

Would you like more information on CrossCheck? Simply provide you contact information and a representative will be in touch shortly. 

Tags: Electronic Payment System, Electronic Check Acceptance, CrossCheck