Reducing E Check Processing RiskWhen you accept checks online, you can increase sales up to 29%. Yet some merchants still wonder how safe electronic check processing is.E checks are the most popular alternative payment method for US shoppers. And are one of the safest ways to process payments...
It’s no surprise that more people are paying bills online and paying for website purchases with echecks. As this electronic transformation is occurring, obviously fewer people are writing paper checks.As the younger generation, raised on electronic transactions, matures, and older generations..
Merchants that offer customers multiple ways to pay increase orders. It’s only common sense. The more payment options you provide to shoppers, the more sales you will make. After cards, echecks are the most popular to way to pay online. Close to 30% of online merchants already offer echecks..
Check 21 is a fast, safe method of processing check payments. With Check 21, transactions are cleared using bank-to-bank image exchange rather than through the ACH network. Check 21 is an attractive alternative for high risk internet merchants to process electronic checks and avoid restrictive..
Third Party Processors Facing More ScrutinyHigh risk merchants are finding it more challenging to obtain ACH and Check 21 accounts. Part of the reasons is explained in the FDIC Financial Institution Letter released on January 31, 2012.This article discusses the reasons third party e check..
Electronic Checks for Ecommerce MerchantsMerchants that accept checks online reduce operating expenses, improve cash flow and streamlines business operation. When an ecommerce merchant decides to accept checks online, the expectation is increase sales and enhanced profits. Payment..