The Perfect Check Programs for Your Business

ProcessingPoint's full suite of check-related programs offers your business speed and security and gives your customers the convenience of multiple payment options. Our products include:

Standard Check Guarantee (Retail Businesses)

Check guarantee service enables you to accept a check, authorize it in seconds, and have the peace of mind knowing that should the check be returned for payment, you only need to submit the check for claims processing and reimbursement for the face amount of the check. You can use a credit card terminal to key in the account numbers, but no equipment is needed.

Check Verification (Retail Businesses)

Check verification is a low-cost service that verifies checks you accept from a customer. It allows you to know if the customer has any bad checks that have been written. The check is scanned through a POS Terminal or Check Reader and is verified. This system of checking is usually done within seconds and poses no wait time for the merchant or customer. Real time verification is important for both the retailer and customer and verification allows quicker and safe transactions. Benefits include:

• Very fast and easy when used with a check reader
• No discount fee charged to Merchant
• Bad checks are automatically forwarded to collection agency (no Merchant involvement)
• Merchant is reimbursed 100% of check upon successful collection; no additional fees!

Check Conversion Plus (Retail Businesses)

This service allows paper checks to be converted to an Electronic Funds Transfer (EFT) at the point-of-sale. The Check Processor automatically captures and records information from approved transactions and prepares them for automatic submission to the ACH. You will need a credit card terminal and check reader or check imager for this program.

There are actually two different check conversion applications – imaging and non-imaging.

Non-imaging uses a check reader that just reads the MICR numbers on the bottom of the check. The merchant stamps the check VOID, keeps the check and then once a week mails all checks to the Check Center.

Imaging uses an imager that actually scans a picture of the entire check and electronically transmits this picture to the Check Center. The merchant stamps the check VOID and hands the check back to the customer.

ACH Processing and Electronic Checks (MOTO Businesses)

The Automated Clearing House (ACH) is a nationwide system that processes electronically originated batches of credit and debit transfers, enabling funds to be debited from a customer’s bank account and deposited into a merchant’s account for services rendered or goods sold.

The Federal Reserve Banks are collectively the nation’s largest automated clearinghouse operator, processing more than 80% of commercial interbank transactions annually. For over 30 years the ACH network has been available as a payment option for consumers. According to NACHA (National Automated Clearing House Association) in 2004 there were more than 12 billion ACH payments made worth $28.7 trillion. The majority of consumers understand that electronic payments are safe, secure and convenient. More and more consumers are requesting the benefits of ACH payments:

• saves time
• easier than writing a check
• convenience
• no postage required
• eliminates late fees
• credit rating protection

Electronic Payment Solutions and ACH

ProcessingPoint Electronic Check Services and ProcessingPoint Collect Direct are our ACH payment processing products, ProcessingPoint Gateway is the engine, and ProcessingPoint Virtual Terminal is a tool that works in conjunction with the ACH network to process payments securely and efficiently. Smaller merchants will use the ProcessingPoint Virtual Terminal to process ACH payments, while larger merchants, software companies, and ISPs may choose integrate directly with the ProcessingPoint Gateway to process transactions. The ACH network is used for both one time payments and recurring payments. ProcessingPoint’s ACH products comply with NACHA regulations. NACHA (National Automated Clearing House Association) develops operating rules and business practices for the Automated Clearing House (ACH) Network and for electronic payments.

ProcessingPoint Electronic Check Services

Safe and simple for consumers and businesses, ProcessingPoint Electronic Check Services moves payments electronically from your customer’s checking account to your ProcessingPoint Merchant Account. This can be done by both Internet merchants (consumer initiated) and MO/TO merchants (merchant initiated).

ProcessingPoint Electronic Check Services is a true Automated Clearing House (ACH) product that requires no double entry or back-end check printing. It works like a paper check, without the additional costs and time delays. ProcessingPoint Electronic Check Services processes payments and displays real-time reports from any Internet enabled PC – providing convenient access away from the office.

Call (866) 694-3603 to speak to a representative or click the link below to get started.

Get Started