Electronic Check Acceptance

Custom Credit Card Processing, Inc. has put together a variety of outstanding check service products that will enhance your business including... traditional Check Guarantee, Check Verification, Electronic Check Recovery and the latest in check acceptance technology called Check Conversion. We also sell inexpensive and easy to use PC software to enable your company to accepts checks via phone, fax, or over the internet.

The Process
Electronic Check Conversion converts a paper-based check to an electronic transaction at the point-of-sale. The check information is then transmitted via electronic equipment to a national verification database where it is evaluated against negative information. Within seconds a response is sent back to the merchant. A receipt very similar to a credit card transaction is generated and the customer signs it, thereby authorizing the electronic collection of funds to the merchant. The check information is then stored and the transaction deposits are routed to the merchant’s account within 48 to 72 hours.

Merchant Benefits
Convenience is important to everyone, not to mention our merchants. Electronic Check Conversion gives the merchant just that - only it’s convenience with a guarantee. This check conversion process not only processes the check electronically allowing the merchant to forego trips to the bank, but it also guarantees the approved transactions. With this program the merchant simply accepts the checks and the check conversion program does the rest! The merchant can now accept & process checks just like they accept & process credit cards.

Additional Options
This program not only offers electronic check conversion, on-line transaction viewing and customized detailed reporting are also offered. With the reporting feature the merchant is able track all of their transactions through a secured on-line system that is available 24 x 7. The reporting capabilities of this system also allow the merchant customizable reporting features, thus enabling detailed information in the format the merchant prefers. This program takes all of the guesswork out of accepting checks and manages the process for the merchant.

The computer savvy criminal has joined a new growth industry: The counterfeiting of virtually undetectable fraudulent checks using a regular PC, a laser printer, and blank check paper available at almost any stationery store. Chemical Bank of New York reported a 50 percent increase in fraudulent checks last year and Wells Fargo admitted that transactions involving fraudulent checks rose an alarming 500 percent. Counterfeit checks are out of control during these times.

Although, consumers now carry credit cards, debit cards, and cash, checks remain the single most dominant form of payment. Over 50 billion checks were written last year and continue to grow at a rate of 2% to 3% annually. Did you know that 61 percent of the buying public does not have a major credit card and that 83 percent of all consumers write personal checks when shopping. As a successful retailer it is important that you accept checks openly and freely without fear of loosing profits because of bounced checks in today's check writing society.