Quality Service

TeleCheck® Electronic Solutions Integrated Check Processing for Supermarkets

For nearly 40 years, TeleCheck has delivered check acceptance solutions that help merchants accelerate cash flow, lower operating expenses and increase sales. No matter what kind of business you operate, TeleCheck can help you expand your customers’ payment options. With most TeleCheck® solutions, merchants have the option to select either a verification or warranty service. The check verification service helps merchants expedite the processing and handling of checks and reduce fraud. The warranty service gives merchants more flexibility and an increased level of protection. With the warranty service, TeleCheck manages the entire check collections process, helping you streamline operations and giving you more time to focus on your customers.

TeleCheck® Electronic Check Acceptance® (ECA®) Warranty

TeleCheck Electronic Check Acceptance® (ECA®) Warranty service gives merchants an increased level of protection and an efficient option for accepting checks at the point-of-sale. Many consumers prefer to write checks for purchases and merchants who refuse to accept them turn away business. Accepting checks requires attention to the management of risk due to fraud and returned checks. Accepting checks has its costs: they need to be verified, reconciled, deposited at a bank, and processed, which usually means several days before the funds are available.

TeleCheck® Electronic Check Acceptance® (ECA®) Verification Service

TeleCheck Electronic Check Acceptance® (ECA®) Verification service gives merchants an efficient option for accepting and processing checks at the point-of-sale. This service is ideal for merchants who want to implement an electronic check service to avoid traditional bank fees and manage their own collection efforts. Customers want payment options so merchants need to accept and process checks. Paper checks create a number of extra steps for the merchant and can be a cost burden: they represent higher risk for fraud; they need to be verified, reconciled and physically taken to a bank for deposit, and processed. In addition to waiting several days for funds, merchants have to pay various fees to their banks for processing.