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Electronic Check Processing and Other Banking Choices

Posted by Brandes Elitch on Thu, Oct 20, 2016 @ 04:00 PM

Today I read an article by Alessandra Malito called, “Why it still takes so long for checks to clear — and what you can do about it” with the subtitle, “Sometimes a good old-fashioned paper check can feel like it takes an eternity to clear.”

In her opening arguments in the case against paper checks, Malito says, “For all their seeming simplicity, checks can get complicated — there are numerous ways they can be processed, and even if a check clears quickly through electronic processing that doesn’t necessarily mean the funds are immediately available.”

Later in the indictment, Malito dismisses banks as being “usually known for their archaic technology.” Seriously, it would be hard to find a more cliché-ridden, off-base and inaccurate picture of how checks are processed.

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Tags: Check Processing

Finding a New Payment Solutions Company When Yours Closes

Posted by Joe Gargiulo on Tue, Sep 13, 2016 @ 02:23 PM

At one time or another, nearly everyone needs to deal with the closing of their favorite establishment or the discontinuation of a go-to product. The local pancake house goes under; the small manufacturer of an effective cleaning agent sells to a conglomerate that jacks up the price; or the producer of a soft drink changes its age-old formula. But what if the favorite product happens to be the payment solutions company that your organization has used for a number of years?

The short answer is “don’t panic and don’t jump on the first ship that passes by.” Now is the time to act quickly, but decisively. It's very possible that your replacement check processing company will be equipped with a silver lining that can increase profits.

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Tags: Check Processing

CrossCheck Premiums: the Better Widget of Check Processing Services

Posted by Joe Gargiulo on Thu, Jul 21, 2016 @ 04:00 PM

Most new products or services enjoy an extended honeymoon sans any competition for several years or even decades. Given enough time, however, they are often replaced with “new and improved widgets” that provide even greater utility to consumers and businesses.

The founder of CrossCheck developed “the better widget” of check processing services in 1983 after receiving a pitch for check guarantee services while operating a record store. Per “The History of CrossCheck in the Payments Industry,” he was dissatisfied with the approach that was presented to him, so he created his version of Standard Check Guarantee to improve the existing model.

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Tags: Check Processing

Stop Talking About Yourself: Praise for Our Check Processing Services

Posted by Isabella Passey on Tue, Jul 12, 2016 @ 04:00 PM

Listening to others talk about themselves can be exhausting, so sometimes it’s best to stop talking and just let others do it for us. The same holds true in social and traditional media where third-party endorsements are way more powerful than advertising when it comes to reaching people and making a connection. We are well aware of all these parameters. Thus, instead of telling you about our suite of payment solutions covering a variety of industries, we’ll just let our customers do it for us.

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Tags: Check Processing

Mint.com Interviews CrossCheck about Check Processing Services

Posted by Tom Lombardo on Sat, Mar 07, 2015 @ 07:00 AM

1. Tell us about CrossCheck. How does it differ from similar check payment processing companies?

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Tags: Check Processing, Tom Lombardo, Fake Check, Bounced Check

Stayin’ Alive: Managing Financial Risk and Margin in Auto Racing

Posted by Brandes Elitch on Fri, Nov 21, 2014 @ 10:59 AM

Are ISOs facing “creative destruction” or a Golden Age? Formula One racing may provide a clue.

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Tags: Check Processing, Brandes Elitch, Independent Sales Organization (ISO)

What CrossCheck Is Not - Not Hockey Hits, Mtn. Bikes, nor Insecticide

Posted by Brandon Weaver on Thu, Nov 20, 2014 @ 10:49 AM

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Tags: Check Processing, CrossCheck, Brandon Weaver

CrossCheck at NADA 2015 - Visit Booth 1331S or Register Here to Win

Posted by Tom Lombardo on Fri, Nov 14, 2014 @ 12:05 PM

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Tags: Check Processing, NADA, Auto Sales, C.A.R.S., Auto Dealerships

The Best Way to Handle the “Stop Payment” Risk

Posted by Kevin Walli on Wed, Oct 29, 2014 @ 10:00 AM

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Tags: Check Processing, Stop Payment, Check Guarantee, Kevin Walli

Closing Retail Sales with One Guaranteed Virtual Reality

Posted by Tom Lombardo on Thu, Oct 16, 2014 @ 10:00 AM

I don't exercise. If God wanted me to bend over,
he would have put diamonds on the floor.

-  Joan Rivers

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Tags: Check Processing, Retail, Showrooming, Tom Lombardo

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