Check Guarantee and Check Conversion
It’s no secret that depositing checks right from your desktop is the hottest banking service since the ATM. RDC is a web-based system that uses a desktop check scanner to capture an electronic version of your paper check and deposit those funds into your bank account. This system of capture and electronic processing of checks is designed to meet the needs of propane marketers collecting checks from repeat customers. You will save money, time, and give you access to your money a lot sooner. It’s quite simply the most comprehensive system available on the market.
Learn more about Remote Deposit Capture.
Convert paper checks into electronic transactions with full confidence. Scan your paper checks through an imager or a MICR reader which then converts the check to an electronic transaction. The funds are deposited into your account within 48 hours and you’ll be guaranteed payment even if the check is returned for insufficient funds.
This technology is ideal if you wish to use electronic check conversion but have an established consumer base and feel guaranteeing checks is unnecessary. The check is converted to an electronic transaction, but payment is not guaranteed if the check is returned for insufficient funds.
Check Guarantee allows you to accept checks risk free and process them in the traditional paper-based method. The customer’s checking information is entered into your credit card terminal and validated against a database of millions of known bad check writers. This process ensures that you can accept checks from anywhere in the U.S. without worry. Check Guarantee applies to both personal and business checks.
Check Verification is a process that screens checks and check writers against a "negative database" of "bad check writers". This is done at the point of sale when the customer presents a check as payment. This service is performed using a point-of-sale (POS) terminal to access one of these large negative databases and compare the new transaction against the list. If the customer has a history of bad checks, the transaction will be declined. If they are not in the database for bounced checks, they are approved.
With five different ways to process checks, there’s sure to be the right fit for you! To learn more about all of the check services available to you, simply complete this request form.
Request a free analysis of your credit card program.
Provide your customers easy access to cash and increase your profits!
Check Smart is a proprietary non-sufficient fund (NSF) collection system.
Learn the definitions of the most popular credit card processing industry terms.