CrossCheck Blog

Returned checks have been a challenge for businesses since checks first appeared in the U.S. in 1681. Solutions for this issue vary widely, from promises of "free online check verification" to advice on "how to verify check funds before they bounce." But the truth remains: free check verification is as mythical as a free lunch.

The furniture industry may have cause for optimism as we look ahead to 2025. Recent economic trends and evolving consumer behaviors suggest the potential for increased furniture sales, driven in part by improvements in the housing market. Here’s why:

In the fast-paced world of auto dealerships, the service department often finds itself caught in a challenging web of labor shortages and rising costs. The pressure to maintain profitability while ensuring operations run smoothly is a delicate balancing act. Amid this complexity, there lies an overlooked yet promising avenue for enhancing profitability: payment flexibility through check guarantee services.

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.

Healthcare providers—whether they’re doctors, dentists, or veterinarians—share a deep emotional connection to their work. Picture this: a veterinarian faces the heartbreaking decision to turn away a sick dog because the owner can't afford the upfront costs or doesn't qualify for a credit card. The veterinarian is then left with a choice: either risk providing costly services, like lab tests and x-rays, without assurance of payment or send them elsewhere.

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.

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.

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.

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.

For auto dealers, one crucial aspect often raises concerns – accepting checks for down payments. To ensure a sale, you want to provide customers with flexible payment options. This is where CrossCheck's Auto Industry RDC Solution (C.A.R.S.) program comes into play. C.A.R.S. is a suite of check guarantee solutions, which allows auto dealerships to accept checks for down payments without the risk of not getting paid. It includes RDC (Remote Deposit Capture) and Multiple Check, which lets the customer write up to four checks to be deposited at agreed upon intervals. Also included is Check on Delivery, which is especially valuable to the service department as dealerships can pre-approve payment of delivered parts orders.