Telecheck®
 Customers want payment options, so merchants need to accept and process checks. However, paper checks create a number of extra steps to process and are therefore an added cost burden. They need to be verified, reconciled, physically taken to a bank for deposit and processed. They also represent higher risk for fraud. In addition to waiting several days for funds, merchants have to pay various fees to their banks for processing.
For over 40 years, TeleCheck® has delivered solutions that make check/ACH acceptance efficient and secure. With Telecheck® merchants have the option to select either a verification or warranty service in accepting a customer's check. The check verification service helps merchants expedite the processing and handling of checks and reduce fraud. The warranty service gives merchants more flexibility and an increased level of protection. With the warranty service, TeleCheck® manages the entire check collections process, helping you streamline operations and giving you more time to focus on your customers. Both services are available to merchants who accept checks by phone or over the Internet!
TeleCheck Electronic Check Acceptance® (ECA®) Verification
The TeleCheck® ECA® Verification service is one of the industry's most sophisticated check verification systems. The TeleCheck ECA Verification service screens checks against information from hundreds of thousands of businesses and financial institutions, minimizing the risks associated with check acceptance.
How It Works
After a customer gives you a paper check or a check over the phone or the Internet, TeleCheck uses leading risk assessment technology and extensive check writer negative and activity databases to evaluate the risk of accepting the check. If the check meets the verification requirements, the TeleCheck ECA Verification service converts the paper check into an electronic transaction at the point-of-sale. The Automated Clearing House (ACH) network is used to process the transaction and funds are deposited directly into your bank account generally within two business days.
TeleCheck Electronic Check Acceptance® (ECA®) Warranty
The TeleCheck® ECA® Warranty service offers merchants a comprehensive solution for check acceptance, incorporating authorization, settlement, and collections. It combines the industry’s most sophisticated check acceptance system with a warranty service option for “peace of mind” over returned check liability.
How It Works
The service converts the check into an electronic transaction at the point-of-sale (face to face, Telephone, or Internet). The Automated Clearing House (ACH) network is used to process the transaction and fund your account generally within two business days. Plus, if a check is returned, TeleCheck manages the entire collections process giving you more time to focus on your customers.
Recommended Products
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| A fast, compact terminal with integrated check reader and dual built-in printers that supports all card transactions and Telecheck® acceptance. Great for businesses that accept checks as wells as credit cards. Examples: B2B, automotive repair stores, retailers, dry cleaners, drug stores, convenience stores, liquor stores or restaurants. |
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| Previously known as Linkpoint Gateway, this powerful Internet payment software allows you to accept payments from a website or anywhere you have access to the Internet. Choose API or HTML Connect for website integration. Or, choose the Virtual Terminal (Click for Demo) to process payments from any Internet enabled computer. |
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