Fewer errors, fewer bad checks, earlier fraud detection. Accelerated processing times. Decreased negative impact on our environment. Need we say more?
E-Checks and Check Conversion has experienced some of the fastest growth in the history of the electronic payments industry, for good reason.The services benefit both customer and merchant.
Electronic checks - the customers bank information including routing and account number is used to process internet, phone or recurring payment transactions.
Check Conversion - paper checks are run through a check reader at the point of sale and returned to the customer. The amount of the check is then debited from your customers checking account.....and deposited into yours.
SIMPLE.
- The process is transparent to your customer, who will not have to do anything new or different.
- Implementation is easy.
SMART.
- Substantially lower costs than manual check processing methods or credit card transactions (as much as 60% lower).
- Green - significantly reduces the drain on natural resources to manufacture and print checks as well as fuel used to transport checks to a place to process (banks!).
SECURE.
- E-checks and check conversion use the ACH or automated clearing house system regulated by the federal government and used for direct deposit.
- Businesses must notify customers that checks are being converted electronically. No surprises.
Call XBS@ 1-800-347-1090 for more information on E-Checks and Check Conversion.
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