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TeleCheck Electronic Check AcceptanceSM Service
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Another Breakthrough from TeleCheck TeleCheck, a pioneer in the check acceptance industry since 1964, is again leading the way into a new era in check acceptance. This revolutionary new process combines the benefits of checks with the safety, speed and ease of electronic money movement and delivers "The Power of the Check Without the Paper." It's called the TeleCheck Electronic Check AcceptanceSM Service (ECA) and it will literally change the way you think about checks now and in the future. This service not only delivers a streamlined check acceptance process, but also eliminates returned checks, returned check fees and warranty claims, while reducing check fees and trips to the bank. It also means reduced paperwork and improved cash flow through faster closing/balancing and settlement. Converts Paper Checks Into Electronic Items Designed to mirror the process currently used for credit cards, the ECA service converts paper checks into electronic items at the point of sale and automatically deposits these funds into your account utilizing the TeleCheck's Eclipse payment terminal, a specialized set of terminal and host software and the National Automated Clearing House (ACH) system Release The Power The process is simple. After the check writer presents his check, the clerk authorizes it through TeleCheck and gives the check writer a printed receipt for signature. This signature allows TeleCheck to electronically present the transaction to the check writer's bank for settlement and that money is automatically deposited in your account. And, because the electronic transaction is TeleCheck's responsibility, if it fails to clear the check writer's account, you'll never see a returned check or returned check fees. The bad check or transaction is TeleCheck's responsibility Checks – A Hassle-Free Payment Option In every way, the ECA service is a process that will make it safer, faster and easier to accept checks and will make checks a more viable payment option for both you and your customers. TeleCheck's extensive research shows that once your customers understand Electronic Check Acceptance, they realize it is a safe and secure process backed by TeleCheck TeleCheck: The Check Experts The TeleCheck Electronic Check Acceptance service is the latest in a long line of steps TeleCheck has taken to guarantee that your customers' affinity for checks can be accommodated with an efficient and effective check acceptance process. And it proves once again why TeleCheck can truly proclaim to be The Check Experts. Jack Daryanani Sales Manager 702 454 0760 2000-2005 American Merchant Systems All Rights Reserved. |