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Electronic Check Processing

The Convenience of Electronic Processing with the Security of Check Guarantee

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CrossCheck’s Electronic Check Processing solutions help thousands of merchants automate Check Guarantee authorizations and deposits into their accounts.

Two types of  Electronic Check Processing are offered by CrossCheck to help merchants increase sales and mitigate risk while saving time and money: Remote Deposit Capture and Check Conversion.

Remote Deposit Capture

CrossCheck's Remote Deposit Capture is an advanced type of Electronic Check Processing that enables merchants to accept, process and deposit guaranteed checks into their business accounts without leaving the office.

How does Remote Deposit Capture work?

Chexpresso-CX30_side2_lowresMerchants receive an approval code after transmitting digital versions of paper checks to CrossCheck:

  1. Check images are captured with desktop scanners or the CrossCheck MobilePay app for smart devices.
  2. Merchants enter additional consumer and purchase info as needed.
  3. Consumers sign a receipt, acknowledging the processing of their check(s).
  4. The digital image (aka "substitute check") is uploaded to CrossCheck, then deposited in the merchant’s account (usually within 72 hours).

What are the benefits of RDC?

RDC helps merchants increase sales and mitigate risk while saving time and money by eliminating claims submissions, bank visits to deposit checks, missed deposits, the collection of bad checks, and more:

  • A wider acceptance of checks and fewer administrative returns.
  • 24/7 processing, transaction reporting and review, and tech support.
  • Green-friendly paperless recordkeeping and processing.
  • Loaner equipment available at no additional charge.
  • Consolidated reporting and banking.

RDC also provides the framework for Multiple Check (a premium service giving consumers a little extra time to pay for big-ticket items), the C.A.R.S. program for auto dealerships, and MED-RDC for medical offices.

Check Guarantee mitigates the risk of accepting checks while Remote Deposit Capture saves time and money because of fewer trips to the bank. — Southern California Home Furnishings Store

Check Conversion

CrossCheck’s Conversion Plus enables merchants to accept, process and deposit guaranteed checks into their business accounts without leaving the office.

How does Check Conversion work?

Conversion Plus provides check guarantee services via desktop readers that retrieve bank and account data from the check before merchants key in consumer information and amounts. Transactions are submitted to CrossCheck and funded within 48 – 72 hours.

Benefits

  • Less time preparing deposits and visiting banks.
  • Funding to company accounts within 48 – 72 hours.

Industries

  • Retail automotive
  • Auto aftermarket
  • Home furnishings
  • Building supplies
  • Medical, dental and veterinary offices

Remote Deposit Capture

Return on Investment Calculator

Our Assumptions:

  • It takes 1 minute to validate and deposit a check via RDC
  • Mileage costs $0.56 per mile (same as the allowance on your Federal Taxes)

User Inputs

How many hours does it take you to prepare checks for one physical deposit at the bank, including round-trip drive time?
(e.g.  .5 or 1.25 or 2.75)

Number of checks you handle every week:

Trips to the bank per week:

Mileage to and from bank:

Employee hourly wage:

Reset    Calculate

RDC ROI Results

Money Savings

In labor and milage you could save every year, minus affordable RDC fees, which vary.

Time Savings

You now have additional hours to devote to revenue generating activities each year.





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1440 N McDowell Blvd
Petaluma, CA 94954
707-665-2100
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