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TeleCheck® Paper Check Acceptance |
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The TeleCheck® Paper Check Acceptance service allows merchants to process checks at the point-of-sale using TeleCheck’s proprietary risk management |
tools to minimize returned checks while offering consumers their payment method of choice. |
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When a customer brings out a checkbook, merchants should feel confident in accepting their payment. In the past, check authorization was more of a guessing game than a science, and merchants had to choose between the loss of a returned check — or the loss of a sale. A merchant shouldn’t have to turn away business just because the customer wants to write a check. But at the same time, you need to minimize your risks. What are the chances that the check is fraudulent? What are the chances that the check will be returned due to inadequate funds in the account? How do you educate employees to make that determination? |
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With the TeleCheck® Paper Check Acceptance service, you have a high degree of confidence in knowing whether a check will be returned or not, making your decision to accept or deny a check much easier. With the verification solution, TeleCheck uses a risk scoring system so merchants can decide in seconds if they should accept the check. By rejecting high-risk checks on the spot, you will minimize the expense and hassle of attempting to collect on them later. Merchants can also select the warranty service for even greater peace of mind. With the warranty service, TeleCheck will manage the check collection process.
How It Works
TeleCheck uses check writer negative and activity databases and other proprietary risk management tools to determine the risk of accepting a check. With the warranty service, if TeleCheck approves a check that is later returned, you will be reimbursed up to the check warranty maximum if all the warranty requirements have been met.
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Help your business:
Accept paper checks with more confidence
Approve checks that were once considered to be too risky
Process checks quickly and easily
Minimize collection costs
Help Your Customers
Purchase goods or services with the payment option that they prefer to use
Reduce the likelihood of identity theft
Manage record keeping and easily balance their checking account
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Comprehensive, industry-leading set of risk management tools
Extensive check writer negative and activity databases
Risk-scoring techniques and tools
Flexible application based on merchant needs
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Call Us for the Best Deal on Credit Card Processing |
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