CrossCheck Blog

One of the benefits of having a check guarantee or verification service in place is getting approval and authorization on the check before you accept it for payment. Check approval can bring peace of mind and helps you accept checks from a broad base of customers, even customers from out-of-town or out-of-state. With service in place, check approval should be fast and easy taking just seconds. When choosing a check guarantee provider, make sure they provide a variety of approval methods so you can choose the one that works best for your business. Training and 24/7 customer service should be available, too, at no additional charge.

Not sure if you need a check guarantee service? Consider this... a $1,000 bad check can mean you'll need an additional $10,000 in sales to make up the impact on your net profit if you operate at a 10% margin. Maybe you have a 8% profit margin and have a check loss of $10,000 - that means you'll need a whopping $125,000 in sales to make up the lost amount!

Check services can be an important part of a payment provider's suite of offerings. With the availability of new check technology and guarantee services that offer convenience and cost savings, opportunities abound to provide added value to merchants today. These opportunities will be the topic of a panel discussion at the upcoming iPayment conference being held in Las Vegas on May 23 and 24. CrossCheck's Travis Powers, Vice President of Partner and ISO Relations, will be part of the panel discussion titled: Check and ACH Opportunities, Now and in the Future.

It may not have super strength, a flashy costume or the ability to fly, but a Multiple Check service can transform lack luster sales into record breaking revenue and put smiles on your customers' faces. It's a great solution for tough times and offers several advantages over a layaway service. Here's a look at how it can save the day for your business.

Pet owners and veterinarians know that pet care goes way beyond supplying a good diet, plenty of exercise and some quality play time. We all know, pets are family members. So, trips to the vet for regular check-ups, along with treatment for unexpected illnesses, are just as important. Often, though, pet owners are not prepared for the cost of these visits, particularly those that seem catastrophic. Veterinarians using a check guarantee service can offer payment options to their pet owners, easing the strain of unexpected costs and helping to take the bite out of big bills. According to an AP-Petside.com poll conducted last year, pet owners spent more than $1000 on average for pets with a serious illness. About one in six pet owners said their pet faced a serious illness during the year, according to the poll. Vets using a check guarantee Multiple Check program can offer payment options to their pet owners, giving them extra time to gather funds. This provides convenience for the pet owner and guaranteed funds for the veterinary office. With a check service in place, checks are guaranteed up to the warranty limit. Additional programs including Stop Payment and Partial Payment are also recommended for veterinarian offices.

Saving time and saving money are often the top two reasons a business chooses to utilize a remote deposit capture service for check processing. Another reason? It's good for the environment. As we approach Earth Day on April 22, we take a look at how electronic check processing services positively impact the environment and can be part of a business' commitment to reducing waste and consumption of fuel. Here are some things to consider when putting remote deposit capture, also known as RDC, to work for your business.

They've been called Generation Y, Echo Boomers or Millennials. No matter what they're called, this group of adults in their twenties and thirties represent some big spending power and some big opportunities for auto dealers and retailers. Definitions differ but generally this group includes those born in the 1980s and 90s, representing over 80 million US adults - bigger than the Baby Boomer group. As they finish school, begin careers and start families, they are now becoming very influential in how goods and services are marketed to the public.

Just about any business that accepts checks can benefit by putting a check approval service in place. A check guarantee service is an affordable way to accept checks with no risk. Services such as electronic check processing offer time-saving features such as "desktop" deposit through a PC. There are some businesses, though, where check services can play an important part in maximizing profitability and increasing customer service along with saving time, money and headaches.

Paper check processing has been on the road to "electronification" for over twenty years. Even with the introduction of debit cards and check cards, more than 20 billion checks are written each year according to the Federal Reserve Payments Study. As the cost of transportation and labor continues to increase, attempts to provide alternatives to physically depositing a check at one bank to be cleared at another bank, sometimes thousands of miles away, has become a motivating factor to streamlining the process. Add to that, businesses looking to improve operational efficiencies, and retail companies with multiple locations in need of consolidating banking, and the need for a system such as Remote Deposit Capture (RDC) is evident.