News and Press Releases

CrossCheck Makes Check Processing Easy for the Auto Industry

Posted by Kris Coughtry on Fri, Feb 12, 2010 @ 08:19 AM

ROHNERT PARK, Calif. – CrossCheck, Inc., the nation’s third largest check approval and guarantee company, announced today that the CrossCheck Conversion Plus—New Car Program is certified compatible with the Panini I:Deal™ check scanner, a breakthrough product for remote deposit capture. With CrossCheck’s conversion technology, checks can be processed electronically with a PC and the Panini I:Deal, reducing trips to the bank and streamlining deposit paperwork.

CrossCheck’s Conversion Plus—New Car Program is an enhanced check conversion processing service designed for the retail automotive industry. Using the Panini I:Deal connected to a PC, an auto dealer can process checks from their place of business, eliminating many of the steps involved in manually depositing checks at their bank. CrossCheck’s unique program allows for future deposit of multiple checks (often referred to as a Hold Check program) and COD checks for purchases made in the Parts and Service department. Transaction reporting and account activity is available 24/7 online at no additional charge. In addition, CrossCheck’s Conversion Plus service provides guarantee features and stop payment coverage.

“The I:Deal check scanner along with our conversion program enables CrossCheck to meet the payment requirements of a wide spectrum of merchants who want verification and conversion processing. The speed and sophistication of the I:Deal software allows us to configure our Check 21 verification, guarantee, and RDC products via an online web portal for single or multi-merchant locations.” said J. David Siembieda, CrossCheck’s president and CEO.

The Panini I:Deal was designed by Panini, a market leader in distributed check capture, specifically for small business users of remote deposit capture and check conversion. The affordable check scanner offers dual-sided image capture, document franking, and advanced MICR and OCR reading capabilities for high-quality images.

About CrossCheck, Inc.:

CrossCheck, Inc., an established leader in the payments industry, processes and approves billions of dollars worth of check transactions annually for retail and dealer outlets throughout the U.S. For more than 25 years, its goal has been to increase merchants’ profits by providing efficient and affordable check approval, guarantee and conversion services that can help increase sales and reduce risk. The company is headquartered in Northern California and has an additional office in Texas. Their suite of services includes check conversion technology, ACH, web-based transactions and remote deposit capture products and, through subsidiary Optio Solutions, cost-effective debt management tools. Visit www.cross-check.com or call (888) YES-2CHX for more information.

About Panini:

Founded in Turin, Italy, Panini has enabled clients to capitalize on shifts in the global payments processing market for more than sixty years. Panini has a rich history of technology innovation, leveraging the company’s expertise in research & development. Panini’s market leading solutions are based on state-of-the-art engineering resources and ISO-9000 quality certified production. Panini offers check capture solutions that enable customers to fully realize the advantages and efficiencies available with the digital transformation of the paper check. Panini’s scalable check capture solutions address the complete range of distributed check processing opportunities including teller capture, back-counter capture, corporate capture, merchant back office conversion, cash vault, microfilm replacement and remittance processing. For more information please visit www.panini.com.

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