Traditional Guarantee allows the merchant to “insure” the face value of the check therefore protecting the merchant against checks written on non-sufficient funds (NSF). Merchants obtain electronic approval or voice authorization for the transaction and then deposit the checks. Checks that do not clear can be submitted for reimbursement. Reimbursement typically takes 2-4 weeks from the time of receipt of the original item, and is processed electronically via ACH.

Verification allows merchants to access the Negative Database to verify negative information regarding a particular check or check-writer. The merchant is simply “purchasing” information to aid in the decision to accept or decline a check. An approval is based on whether or not there is a positive match on the checking account number or home telephone number of the check-writer in the negative database. The decision to accept any check remains solely up to the merchant and is not guaranteed.

Check Collection allows merchants to collect on their NSF checks. Merchants send the check and information to the collection agency then the collection agency attempts to collect on the check and returns the face value of the check to the merchant. The collection agency receives a portion of the NSF fee as payment.

Mobile Check service allows merchants who are on the go the security and convenience of accepting checks and the comfort of knowing that they wont bounce.

Online Check is for the merchant looking to expand their payment options and customer base with the reassurance of guaranteed funds.

The ACH, Automated Clearinghouse, program allows merchants to do one- time transactions as well as recurring transactions. Merchant’s can eliminate the hassle of net terms and increase their cash flow. ACH was first introduced in the early 1970s as a more efficient alternative to checks, ACH has evolved into a nationwide mechanism that processes electronically originated credit and debit transfers for institutions nationwide. ACH is a rapidly growing alternative to paper checks and handles billions of payments annually.