Electronic Check Processing
Would you like to lower your cost of payment acceptance, improve retention and attract new customers? Then our powerful TeleCheck solution can help you do all that and more.
As a leader in the electronic check processing space, you can count on our experience and expertise to provide all your electronic payment processing needs. After all, we’ve been providing electronic check processing services in tandem with credit card processing for more than a decade.
Electronic Check Processing (ECP), or TeleCheck, directly debits consumers’ bank accounts for payment of goods or services. Giving you all the convenience to accept payments at the point of sale, online, via mobile device and over the phone.
TeleCheck Benefits Your Business
- Increase your revenue by serving consumers who don’t have or prefer not to use without credit cards
- Save money by accepting a payment method that is less expensive than paper checks or card processing
- Easily manage recurring payments that increase customer lifetime value
- Reduce lost sales and prevent fraud through the use of real-time risk management tools
- Decrease manual and paper-based check remittance operations, as well as streamline bank reconciliation and exceptions processing
- US currency
- Single file submission of Electronic Check Processing transactions in the same file as your credit card transactions
- Comprehensive reporting and online transaction history search tools
- Validation (checks validity of banking route number and other negative account information)
- Verification (checks bank account for any outstanding debt)
- Deposit matching (we store account change information for you)
- E-commerce and Mail Order (WEB and TEL)
- Point of Purchase (POP) check conversion
- Account Receivable check conversion (ARC)