Archive for February, 2011

ACH and Check Processing – Electronic Checks | ACH | VeriCheck

ACH and Check Processing – Electronic Checks

  • Accept checks by phone
  • Accept checks online
  • Accept checks through your web site
  • Check image capture and storage
  • Free customer support
  • Online virtual terminal access
  • Dynamic reporting functionality
  • Recurring ACH payments
  • Subscription payment plans
  • Paper check conversion
  • Remote Deposit Capture

ACH | VeriCheck

Since the early 1990s Vericheck, has offered check processing services to merchants. Over the years our service offerings have evolved to meet the ever-changing needs of modern day business. From one time transaction processing to recurring billing, we process payments for a variety of clients across the country. Our unique, in-house ACH & check processing capabilities allow us to service the entire spectrum of payment types. We have multiple program options for both check present and check not present transactions. Our verification which was the basis of our company’s beginning, is now standard on all of our products. We also still offer our guarantee program for qualifying merchants!

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Law Firms and The ACH

One industry in particular that can gain a competitive advantage amongst competitors by utilizing an ACH program, is the legal and litigation industry.

Many law firms already utilize the ACH system and dozens more are converting their operations and streamlining the way they do business everyday.

Some of the great uses of ACH systems for law firms are:

  • The ability to put clients on payment plans by using the recurring billing feature
  • The ability for clients or people who owe money to go onto the law firm’s website and pay
    • This allows customers to make payments 24/7
    • Some customers may not be able to make a payment during normal business hours
  • It cuts down on the staff requirements of having to take payments from customers
  • It allows payments to be made by customers over the phone
  • When a law firm sends mail, certified or otherwise, recipients are able to log on immediately to the law firm’s website and make a payment
    • This helps with issues of embarrassment of a payee having to call in.
    • Right on a law firm’s website, a customer can set themselves up for a payment plan
  • Giving clients several different options when it comes to settling debts or fulfilling obligations ensures client satisfaction and also increases the chances that you will get your money
  • Multiple bank accounts can be set up so monies go into the appropriate accounts while all operating expenses come out of a separate account
  • With customers paying via ePayment (ACH payments) costs for accepting payments are much lower then when accepting via credit cards
  • You can add customers to a Customer Database to keep track of them and to store their information (including payment information) in a secure and compliant web portal
  • All transactions are logged and can be viewed 24/7 online
  • A law firm can set up 50 different users under one account and assign various permission levels so each staff member has their own log in/password and custom view.
  • Feature rich reporting capabilities allow you to generate many different reports instantly 24/7
  • For prospective clients who need legal services and may not be able to afford to pay for them all at once, payment plans can be coordinated and put into the system to charge the customer incrementally.

For more information visit www.vericheck.com

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ACH Benefits

There are many benefits associated the ability to process ACH payments. Both customers and business owners/operators benefit when a proper ACH processing system is in place. The ACH system also benefits the environment.

  • Eliminates the need for paper checks
  • No more envelopes, stamps, or paper statements
  • Eliminates time and costs associated with having to bring deposits to the bank
  • Payments clear faster
  • Eliminates NSF charges
  • Returned items can be resubmitted effortlessly, automatically, and instantly
  • Decreases fraud
  • Increases revenue
  • A fraction of what it costs to get paid with a credit card
  • Provides for perfect record keeping
  • Increases payment forms for customers
  • Customers can pay their bills effortlessly
  • You can take payments from customers instantly with your smartphone
  • Verification on all transactions

Join the discussion! Post a comment or a question

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