Check Verification Don't get hurt by another bounced check—learn how Merchant Partners' check verification will benefit your business.
As a business with products or services to sell, it is likely that one of the most significant issues you regularly deal with is receiving payment from your customers. No doubt, you are not only concerned with whether valid payment can be made but you also have to manage how payment is made.
Cash, credit card, PIN debit card, and check are by far the most common methods of payment used today. Of those, checks—both paper and electronic checks—are preferred by many consumers; in fact, 80% of all non-cash payments are by check.¹ However, despite this consumer preference, many businesses are wary of accepting checks because they are concerned about check verification. Merchant Partners, a leading provider of payment processing services, provides a solution to any business's check verification anxiety. To find out more, contact Merchant Partners today or just keep reading.
A Legitimate Concern Check verification is a legitimate concern. The rise of the Internet has seen an increase in fraud due to the accessibility of so much information. Identity theft is rampant and it's becoming more difficult to know who or what you can trust. With this in mind, businesses should be taking the necessary precautions with fraud prevention and detection in mind.
The Solution Fortunately, there's an easy solution to your check verification anxiety: check conversion. That is, converting the paper checks you receive into e checks. Not only is the Automated Clearinghouse (ACH) one of the most efficient payment methods available today, it is also one of the most secure. When you use Merchant Partners' check payment processing software, each check is automatically filtered through our FRISK™ fraud management system, verifying the check, in real-time, against an extensive negative account database.
Merchant Partners' Check Processing Services Merchant Partners gained a significant advantage over industry competitors by being the first-to-market with electronic checks and has maintained its position at the forefront. Today Merchant Partners is second to none in paperless check processing. As a result, Merchant Partners' check verification and check guarantee services are ones you can trust.
Contact Merchant Partners To find out more about business check verification or any of Merchant Partners' check processing services, complete the quick contact form found on the left side of this screen or call (866) 783-0809 to speak with a sales representative.
¹Statistic provided by NACHA and the U.S. Federal Reserve.
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