Charge Card Systems' check processing services offer solutions for merchant's day-to- day challenges by delivering the most powerful and merchant-friendly check processing service in the industry today.
Accepting electronic checks can eliminate the delay in the time from the original presentment to the actual receipt of the return check transactions - from 7 - 14 days with a paper check to 48 hours with an electronic check processing program. The speed of the electronic check process can dramatically improve the collection rate and control fraud.
CCS Check Processing Program - Key Benefits to Merchants
* Saves Time and Effort - the process takes a fraction of the time and labor associated with re-depositing a paper check
* Improves Recovery Rates - businesses average an increase of 50% to 85% in the electronic re-deposit of NSF checks
* Check processing provides faster access to funds
* Little or No Capital Investment
* Reduces Fraud
* Provides Less Intrusive Way to Collect NSF Items
* Receive 100% on recovered NSF Checks
* Eliminates re-deposit fees and return fees on re-deposited checks
* Relieves the merchant of the hassles of collecting bad checks
* Higher Recovery Rates than Collection Agencies
Bottom line, accepting electronic checks through a check processing program expedites the check clearing process and provides a means of cost-reduction!
Check Processing Equipment offered by Charge Card Systems:
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The Eclipse terminal processes a variety of non-cash transactions in one integrated package. Merchants no longer need several terminals to process and authorize checks, credit and debit cards, and electronic benefits transfer (EBT) transactions, because the Eclipse does it all. The Eclipse terminal is the enabler for the TeleCheck Electronic Check Acceptance (ECA) service, which converts paper checks into electronic transactions and automatically deposits the funds directly into a merchant's account. As an added bonus, the Eclipse has a built-in receipt printer, so no additional equipment is needed. |
| FEATURES |
ADVANTAGES |
| Supports all non-cash payment options, including check processing, credit and debit cards and EBT transactions | Single solution for all payment needs |
| Built-in inkjet receipt printer |
Practical, durable and compactly designed to reduce countertop "footprint" |
| Large, backlit touch-screen display window |
Allows for a user-friendly interface and exceptional visibility, even in low light |
| Imaging capabilities |
Enables merchants to process checks without identification in most cases |
| Speeds checkout using risk-assessment capabilities |
Instantly authorizes checks |
| Converts paper checks into electronic transactions with added precision, reducing the risk of error and fraud. |
Sate-of-the-art check processing reader |
| Automatically collects and inputs data from credit cards and driver's licenses, reducing procedural errors |
Dual-track magnetic stripe reader |
| Full reporting capability |
Provides easy access to all payment information, including totals and details |
| Stores up to 300 check transactions and 300 card transactions |
Greatly reduces closing-frequency requirements |
Check Processing Features & Options Available Through Charge Card Systems:
Check Conversion with Guarantee
Charge Card Systems combines all the benefits of check conversion and check guarantee to provide the most powerful check processing service in the industry today. Merchants are able to convert paper checks into electronic deposits within 48 hours (two business days) while insuring the face value of the check and eliminating charge back liability and unnecessary trips to the bank. This service allows merchants to accept checks as safely and conveniently as credit cards, thereby providing merchants with virtually risk-free check acceptance.
Check Conversion
Check Conversion allows the merchant to convert paper checks into an electronic transaction at the point-of-sale without depositing the actual check. Funds are transferred into the merchants business checking account within five (5) business days via the Automated Clearing House (ACH). Should there be no funds available, the merchant will be notified within five (5) business days so the customer can be contacted for an alternative means of payment. This is a great program for a merchant who does not have a bad check problem but wants the convenience of not having to go to the bank for deposits.
Traditional Guarantee
Traditional Guarantee allows the merchant to insure the face value of the check, therefore protecting the merchant against checks written on non-sufficient funds (NSF). Merchants obtain electronic approval or voice authorization for the transaction and then deposit the checks. Checks that do not clear can be submitted for reimbursement. Reimbursement typically takes 2-4 weeks from the time of receipt of the original item, and is processed electronically via ACH.
Traditional Verification
Verification allows merchants to access the Negative Database to verify negative information regarding a particular check or check-writer. The merchant is simply purchasing information to aid in the decision to accept or decline a check. An approval is based on whether or not there is a positive match on the checking account number or home telephone number of the check-writer in the negative database. The decision to accept any check remains solely up to the merchant and is not guaranteed.
Check Collection
Check Collection allows merchants to collect on their NSF checks. Merchants send the check and information to the collection agency then the collection agency attempts to collect on the check and returns the face value of the check to the merchant. The collection agency receives a portion of the NSF fee as payment.
Mobile Check
Mobile Check service allows merchants who are on the go the security and convenience of accepting checks and the comfort of knowing that they wont bounce.
Online Check
Online Check is for the merchant looking to expand their payment options and customer base with the reassurance of guaranteed funds.
ACH Payment Solutions
The ACH, Automated Clearinghouse, program allows merchants to do one- time transactions as well as recurring transactions. Merchants can eliminate the hassle of net terms and increase their cash flow. ACH was first introduced in the early 1970s as a more efficient alternative to checks, ACH has evolved into a nationwide mechanism that processes electronically originated credit and debit transfers for institutions nationwide. ACH is a rapidly growing alternative to paper checks and handles billions of payments annually.
To learn more about Charge Card Systems state-of-the-art Check Processing Program, call us today at 800-878-4100.