Check Processing Is Still In Business

Today we have very few businesses that run without the use of credit or debit cards. However as they say ‘old habits die hard’, some people are still conventional enough to write checks for not just large amounts but also small ones. Though checks are ceding grounds to electronic payments, according to one statistical study, small businesses account for almost fifty percent of paper check in the US alone.

As a merchant you just can’t ignore this huge chunk of income through checks and therefore need process those payments effectively, efficiently and in a secure manner while protecting self from fraud or non-sufficient funds. The modern methods allow sizeable options in menu that provides your long time and loyal customers the option of writing a check without identifying self and at the same time protecting yourself from potential fraud. These methods and processes have the ability of identifying any non-correlating information about your customers, adding another protective layer against fraud. What is most beneficial for a merchant is the guarantee of bill payment into your account, even if the customer’s account has insufficient funds.

Benefits of process

The procedure is fairly simple. All you have to do is to feed the customer’s check into your scanner, and manually enter the check amount. Hit the button to trigger the transaction and you will have the receipt ready to be signed by the customer.

Electronic depositing of funds

Check processing is done in a very secure environment desirable for electronic transactions, necessary for protecting customer data and ensuring check loss. Scanning is utilized to convert checks for electronic processing, thus serving as a least expensive solution to process than credit / debit cards.

For further details about payment processing products such as 1^stPayPOS, Proxima XS, Proxima Mobile, pin pads, check scanning and imaging and services like credit / debit card processing, check processing, gift cards, recurring billing etc, you may browse through http://tmg-360.com/. If you want to contact someone at tmg-360.com you may click open: http://tmg-360.com/contact-us/ and fill up the form with name, phone, email and choose the department you would like to contact and mention the business name, business type and submit the form. With a 24/7 support from the call center you have nothing to worry.