CrossCheck Blog

CrossCheck Blog

Check Processing & Payments Information

Understanding Check Fraud: Common Schemes

on Wed, Oct 16, 2024 @ 02:04 PM By | Staff | 0 Comments | Check Fraud CrossCheck Check Guarantee Check Verification
Check fraud, often referred to as "paperhanging," occurs when individuals intentionally write bad checks. While accidental mistakes can happen, repeated offenses are criminal. In 2023, total check fraud attempts soared to approximately $18.5 billion. Successful fraud losses climbed to about $1.4 billion. However, U.S. banks continue to prevent over 90% of these attempts through early detection.
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Maximize Sales with Higher Check Approvals: The CrossCheck Difference

on Mon, Oct 07, 2024 @ 11:03 AM By | Staff | 0 Comments | CrossCheck Increase Sales Check Guarantee Check Verification NSF
When it comes to check processing, merchants often face the frustrating issue of declined checks. This can lead to lost sales and decreased profits. Smooth and efficient transactions are vital to a thriving business and choosing a check processing company that is willing to assume more risk by approving and guaranteeing more check can be the difference between a large sale and no sale.
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Economic Concerns: Look to Check Guarantee Service to Ensure Payment

on Fri, Aug 30, 2024 @ 10:29 AM By | Patrik Jorgensen | 0 Comments | Check Guarantee Multiple Check Check Verification
The only thing certain about the current economy is uncertainty. Economists are unsure of the future because, while inflation is stabilizing, unemployment is slowly rising. According to the U.S. Census Bureau for the Bureau of Labor Statistics, as of August 2024, the unemployment rate in the United States stands at 4.3%. That is only a slight increase from 4.1% three months ago but the trajectory points upward. As the Fed readies to lower interest rates following stabilizing inflation, economists are worried we could be headed towards a recession. Economists are by no means unanimous in their predictions but uncertainty abounds.
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Important MWAA Topics: Continuation of SEAA Buzz

The Southeast Acquirers Association (SEAA) conference in New Orleans was a whirlwind of insights and discussions. A major talking point? Surcharging and the potential impact on both merchants and consumers. There are sure to be many more discussions during the Midwest Acquirers Association (MWAA) happening now in Chicago and CrossCheck’s own VP of Partner and ISO Relations Travis Powers will be on hand to answer questions and offer solutions to take to your merchant clients.
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Auto Dealers: Get Approval for Declined Checks

on Fri, Jun 28, 2024 @ 12:20 PM By | Patrik Jorgensen | 0 Comments | Plus Sales Check Guarantee Check Verification C.A.R.S.
Even while employing the services of check processing companies that verify and guarantee checks, auto dealers often find themselves having to decline a down payment check on the recommendation of the check processing company.
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Construction Market: Boom or Bust? Get Paid Regardless!

Is the construction industry headed for a slowdown? Don't let wobbly markets and high interest rates throw a wrench in your cash flow! Here's a breakdown of what contractors and building material suppliers can expect for the rest of 2024, plus smart tips to ensure you get paid on time - no matter what the economy throws your way.
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Check Verification, Check Guarantee, ACH: Payment Processing Solutions

Merchants across many industries – auto dealers, building materials vendors, dentists, veterinarians, and many more – need efficient and secure payment processing solutions. While credit cards dominate, checks remain a popular payment method for many customers. But managing checks without a payment processing solution can be a hassle, leading to delays, errors, and potential fraud. This is where partnering with a check processing company like CrossCheck becomes a game-changer.
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Why Checks can be a Veterinarian's Secret Weapon Against Credit Card Fees

Let's face it, credit card fees can eat into your veterinary practice's profits. Between interchange fees, assessments, and potential chargebacks, those swipes can add up quickly. But what if there was a way to offer your clients flexibility while keeping your bottom line healthy? Enter the humble check.
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Construction to Slow in 2024 - Building Materials Vendors Should Lean on Check Guarantee

With our customers’ success in mind CrossCheck has created payment processing solutions that will appeal to all building materials vendors, especially as construction is slowing down compared to recent years and each transaction becomes more important.
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Multiple Check with Guarantee: A Compassionate and Practical Solution for Unexpected Expenses

on Fri, Sep 29, 2023 @ 07:26 AM By | Patrik Jorgensen | 0 Comments | Check Guarantee Multiple Check Check Verification
Helping your customers during hard times can be difficult. It becomes even more daunting when the consumer needs to make substantial payments, like those incurred during an unexpected trip to the veterinarian, the auto repair shop, the dentist, or any number of sudden costs, while balancing other financial responsibilities. As a merchant, being able to offer the consumer an option to pay over time, could seal the deal. CrossCheck, a leading provider of payment solutions, offers Multiple Check. CrossCheck's Multiple Check service with Check Guarantee can make life easier for both consumers and businesses, and especially helps if a customer has already maxed out a credit card.
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