Check Processing - TeleCheck®

When you offer your customers the option of paying by check, you want to be sure the solution is secure, fast and easy. First Data's TeleCheck® Electronic Check  Acceptance® gives merchants an efficient option for accepting and electronically  processing checks at the point of sale. This service is ideal for merchants who  want to streamline their store operations, avoid bank fees and returned-check  costs, and improve the consumer experience at the POS. Throughout every step of  the check transaction process, First Data's TeleCheck® Electronic Check  Acceptance solution offers significant benefits for your business,  including:

• Authorization
• Reduced check losses
• Analytic driven decisions
• Easy integration
• Maximized sales
• Settlement
• Bank fee reduction
• Improved store operations
• Streamlined reconciliation
• Speedier funds access

With TeleCheck ECA, you can choose between two risk service level options including Verification and Warranty. The TeleCheck ECA Verification service screens checks against information from hundreds of thousands of businesses and financial institutions, minimizing the risks  associated with check acceptance. Benefits include:

• Reduce bank fees
• Improve cash flow (only applies to electronic products, not paper  products)
• Maximize sales
• Reduce losses from returned checks
• Reduce processing costs (only applies to electronic products)
• Improve cash flow with faster funding
• Fewer trips to the bank (only applies to electronic products)
• Streamline back-office operations (for electronic products)
• Reduce the risk of lost, stolen or damaged checks

The TeleCheck ECA Warranty service streamlines store operations and provides merchants with total peace of mind. If TeleCheck approves the transaction, you are guaranteed funding and TeleCheck assumes liability for all returned items and manages the entire collections process. Benefits include:

• Reduce bank fees
• Lower operating expenses
• Improve cash flow through faster funding
• Increase store operations efficiency paper checks are returned  to customer, reconciliation is dramatically simplified
• Funds are deposited into your account within generally two business days
• Protect your customers personal information and reduce the  likelihood of identity theft (only applies to ECA)
• Protect your customers personal information and reduce the  likelihood of identity theft
• Liability protection for fraudulent and returned checks
• No return check or collections expenses

Contact us today if you have any questions or for a detailed quote.