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Remote Deposit Capture, Check Guarantee,
and Conversion
Checks are a popular method of payment. Checks give your
customers
an alternative to cash or credit based transactions. According to the Bank
Systems and Technology website (link) over 30 BILLION checks
are written annually. NACHA's recent e-Check
Statistics sites insufficient or uncollected
funds remains the
predominant reason for returns of POP transactions.
It
is incumbent upon merchants to protect themselves
from the risk of loss due to
accepting a bad check.
Trilogy offers different check
services to merchants who accept checks:
- Checks are run through a negative database at the
POP
- Database contains millions of check records
- If an accepted/approved check is returned as "bad," merchant
is reimbursed for the loss
- Guarantees payment for every check you accept
- Cost is based upon check amount (% of face value)
- Checks
accepted at POS are converted to an electronic ACH transaction
-
Customer is given "cancelled" check back at POS
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Merchant receives payment quicker than conventional check processing
-
Reduces the handling time and hassle of accepting paper checks
- Costs
is per transaction plus monthly access fee
- Learn
more here
Ready to reduce your risk when
accepting checks? Call us today at
800-609-7880
and let us help you
decide which Check Service option is best for your
business.
Questions? Send us an
e-mail, we will reply as quickly as possible.
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