TeleCheck Electronic Check Acceptance
TeleCheck provides industry-leading check acceptance, check processing and risk analysis services to thousands of retailers and financial institutions. For forty years, TeleCheck has safeguarded businesses and financial institutions from check-related losses and fraud. Accepting checks has become increasing riskier. With TeleCheck retailers are still able to offer check acceptance to consumers as a safe and secure payment option for purchases in stores, online, and over the phone.
- Accept Checks Safely Now
- What is TeleCheck?
- How TeleCheck Works
- Why is a Signature Required?
- Why Businesses Use TeleCheck
What is TeleCheck?
The TeleCheck Electronic Check Acceptance (ECA) service converts a paper check into an electronic item ,just like a debit or credit card, at the point of sale. The ECA service allows retailers to accept checks as quickly, safely and easily as they accept credit cards. Think of it as a check without the paper.
How TeleCheck Works
When a check is presented to the sales clerk, the check is authorized through a specially-designed, secure TeleCheck system that captures banking information and the amount of the check. Once the check is approved, a receipt is printed of the electronic transaction to sign. When the receipt is signed, the customer receives a copy for records along with the check to keep. It's that simple.
Why is a Signature Required?
Signing the ECA receipt is similar to signing a credit card slip. The signature on the receipt authorizes TeleCheck to present the check to the bank electronically and deposit the funds into the business account.
Why Businesses Use TeleCheck
TeleCheck provides the TeleCheck Electronic Check Acceptance service so that businesses have the opportunity for increased efficiency, reduced risk and higher productivity, all which also benefit the customer.
CardSmart Guarantee
CardSmart Merchant Services will replace or repair your credit card terminal for free as long as you process with our company.Get a Merchant Account Quote Now
CardSmart Advantages
- CardSmart Guarantee
- One stop shopping for:
- 24/7 Phone Support
- Remote POS Support
- Competitive, up-front pricing