SOLUTIONS

1. Merchant will swipe check through a check reader and input driver’s license # and amount of sale.
2. If transaction is approved a duplicate receipt will print and consumer completes receipt.
3. The check is stamped "ACH Processed" and check along with the receipt are handed back to the consumer.
4. Check Processing Company will fund merchant on transaction in 48-72 hours – similar to a credit card. (Consumer still experiences a 2 day float)
5. Merchant will not be charged back for any returned checks. (As long as proper procedures were followed)

1. The receipt must have consumer’s signature, printed name and phone number.
2. Driver’s license # must be entered into terminal.
3. Merchant must batch out daily and provide copy of receipt within 48 hours of Check Processing Company requesting it.
4. Check must be from a consumer’s PERSONAL checking account!

- Increase sales by accepting all types of checks including out of state checks
- Eliminate bad checks
- Faster availability of funds
- Eliminate NSF and deposit fees from local bank
- Eliminate the sorting and depositing of paper checks
- Process is simple to use because it mirrors a credit card transaction
- No paper claims file for bad checks
- Detailed online reporting available

Check Processing Company does not require an imager for the program but it is highly recommended for the following reasons:

- Check Processing Company will be able to offer a higher check limit for merchant.
- Dramatically decreases the number of times Check Processing Company will have to call merchant to request a copy of signed receipt.
- If merchant neglects to follow any guidelines, Check Processing Company will be in a better position to collect check by using the image.

• ISO is to state on merchant application the highest check limit merchant will require and 90% of the time, the Check Processing Company will be able to accommodate merchant’s request.
• Check Processing Company will issue the check limit when merchant is approved and will be posted on the Merchant Approval Form.

1. Signature
2. Printed Name
3. Phone #

No. The terminal is checking against a national negative database of bad check writers.

If check is a personal account with a Doing Business As (DBA) name and the owner of the account signs the receipt then that is acceptable.

Corporate Checks are not allowed per National ACH Association.

No. Check Writer will still experience about a 2 day "float" before funds are withdrawn. (about the same as if the check was deposited manually at the merchant’s bank)

• The Check Processing Company funds the merchant with their own money, before they know if the check has cleared.
• The Check Processing Company will call the merchant and ask for a copy of the signed receipt. If the merchant is using a check imager, they will simply use the data on the check image, without having to call the merchant. Merchant is still required obtain required info and keep the receipt on file.
• If the check does not clear, The Check Processing Company is responsible for collecting from the check writer (As long as merchant follows requirements.)