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Joe Gargiulo

Editor Joe Gargiulo has 20-plus years in copy writing, public relations and marketing. He enjoys connecting story leads to all aspects of the human experience.

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Recent Posts

2019 MWAA Conference Beckons the Acquiring Industry

Posted by Joe Gargiulo on Mon, Jun 24, 2019 @ 07:45 AM

The MidWest Acquirers Association presents the 17th Annual MWAA Conference on July 17 – 18 at the Renaissance Schaumburg Convention Center Hotel in metropolitan Chicago. ISOs and other members of the acquiring industry will have the opportunity to participate in a variety of inspirational activities such as seminars, keynotes, networking events, a cyber café, and a tradeshow featuring the latest in payments and value-added products and services.

CrossCheck's National Sales Trainer Todd Little and VP of Partner and ISO Relations Travis Powers are attending the conference to discuss the company’s longstanding tradition of lifetime residuals, upfront commissions and buy-rate programs for resellers. ISOs and other payments professionals may visit them at booth UE75 in the exhibit hall and enter a drawing to win a complimentary bottle of Sonoma County wine.

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Tags: Independent Sales Organization (ISO)

Are you a merchant with a returned check problem?

Posted by Joe Gargiulo on Wed, Jun 19, 2019 @ 11:59 AM

Returned checks have been a domestic problem ever since checks were introduced in the U.S. by Boston businessmen circa 1681. Solutions vary, including pitches for “free online check verification” or “how to verify funds on a check before it bounces.” The bottom line, however, is that free check verification is as much of a myth as the proverbial free lunch or snake-oil elixirs.

The cure, of course, is to contract a check verification and guarantee service provider.

Acknowledging this fact, there are four general types of merchants who have or need check processing services:

  1. Merchants with check verification or guarantee.
  2. Merchants who don’t have check processing services.
  3. Merchants who want to accept check payments.
  4. Merchants with a returned check problem.

Each of their stories is compelling, and each category has valid reasons for functioning with or without check processing services. The variables and outcomes are explored here.

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Tags: CrossCheck

Check Verification Machines

Posted by Joe Gargiulo on Wed, May 22, 2019 @ 02:14 PM

“For every check there is a reason, and a time to every purpose under heaven” — not exactly the King James version of Ecclesiastes 3:1, but certainly relevant to the subject of check verification machines.

Play along s'il vous plaît.

Check verification machines are what merchants use to determine whether or not a specific check is recommended by a check guarantee company such as CrossCheck.

All check processing machines — including check verification machines — became necessary after the Check Clearing for the 21st Century Act (Check 21) went into effect in 2004. Check 21 allows banks to process checks electronically instead of exchanging traditional paper versions with other financial institutions via nightly air service.

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Tags: CrossCheck

Instant Check Verification

Posted by Joe Gargiulo on Mon, May 13, 2019 @ 10:45 AM

A lot can happen in an instant. For example, there is instant change, instant credit, instant gratification, instant mashed potatoes, and naturally, instant check verification.

Dictionary.com says the adjective instant is defined as “succeeding without any interval of time; prompt; immediate.” No argument here.

Instant check verification is paramount to many U.S. merchants though some would argue that instant coffee tops the list. Nevertheless, all would agree that the two most important factors are succeeding in an instant.

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Tags: CrossCheck

Check Guarantee Services

Posted by Joe Gargiulo on Thu, May 09, 2019 @ 08:45 AM

Paper checks and check guarantee services are like everyday things that keep running and running: the iconic rabbit from the battery commercials, the backup fridge in the garage, the commuter car from way back when, and the guy in the movie named after a bunch of trees. Despite Fintechs saying they are "old and in the way," traditional checks keep millions of American businesses running and running.

Furthermore, a few financial prognosticators also predicted checks were going to be obsolete decades ago. Nevertheless, paper checks continue to prevail. As a famous author once said, “the rumors of my demise are greatly exaggerated.”

Why do checks keep running and running, and what role do check guarantee services play in their success?

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Tags: CrossCheck

PAYMENTS 2019: NACHA’S Mega Event for Payments Professionals

Posted by Joe Gargiulo on Fri, May 03, 2019 @ 06:45 AM

The “Smarter-Faster” PAYMENTS 2019 conference for payments professionals takes place May 5 – 8 at the Orlando World Center Marriott in Orlando, Fla.

According to NACHA, the event producer, “PAYMENTS 2019 unites thousands of payments system stakeholders from business end-user and financial and technology services organizations to debate and explore the more pressing issues and opportunities today. Attendees will experience world-class education with concurrent sessions and workshops featuring payments and innovation experts.”

The conference also features an interactive expo hall as well as networking events for executives and senior-level payments professionals from fintech, financial services and corporate environments.

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Tags: Associations, Events / Conferences

CrossCheck Honors Merchants for National Small Business Week 2019

Posted by Joe Gargiulo on Tue, Apr 30, 2019 @ 11:45 AM

CrossCheck, the leading privately held check guarantee company in the nation, is celebrating the success of its merchant customers during National Small Business Week 2019. The recognition coincides with challenging times for merchants who continue to thrive amidst ongoing threats from online giants, increasing overhead and new labor shortages.

CrossCheck provides these merchants with guaranteed payment solutions that help increase sales and mitigate risk while saving time and money.

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Tags: Small Business

Electronic Payments from Start to Fintech at TRANSACT 2019: pt 2

Posted by Joe Gargiulo on Tue, Apr 23, 2019 @ 11:45 AM

“TRANSACT is the one show focused solely on the business of payments technology,” states its producer, the Electronic Transactions Association (ETA), the world’s largest payments industry trade group. Payments technology, however, is not the only focus. There are no less than 11 opportunities for electronic payments experts to socialize with peers, vendors and organizers over food and beverages.

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Tags: Electronic Transactions Association (ETA), Events / Conferences

Check Processing Machines

Posted by Joe Gargiulo on Wed, Apr 03, 2019 @ 07:45 AM

Check processing machines? … Yes, we have them. More importantly, though, what does CrossCheck do with them?

Like the old adage about tools only being as good as the craftsmen who use them, CrossCheck leverages check processing machines to help merchants increase sales and mitigate risk while saving time and money.

Check processing machines became a necessity after Congress passed the Check Clearing for the 21st Century Act (Check 21) in 2003 and it went into effect the following year. The vulnerabilities of the old system — including the overnight exchange of checks between financial institutions — became apparent in the days following Sep. 11, 2001 when all non-military aircraft were grounded for security reasons. As a result, Check 21 allows banks to process checks electronically, making for a more efficient and sustainable check clearing system.

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Electronic Payments from Start to Fintech at TRANSACT 2019: Pt 1

Posted by Joe Gargiulo on Wed, Mar 27, 2019 @ 09:47 AM

TRANSACT 2019 is where professionals working in electronic payments want to be. ETA, the leading organization in electronic payments, presents its annual conference April 30 to May 2 at the Mandalay Bay Convention Center in Las Vegas. The event features three-plus days of seminar sessions, keynote presentations by leaders in payments technology, an exhibit hall, and networking events such as business luncheons and dinners, galas and awards presentations, and a golf tournament.

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Tags: Electronic Transactions Association (ETA)