ACH and eCheck Billing Through QuickBooks®

VeriCheck provides a direct integration into QuickBooks® software through our partner Fi-Soft. Fi-Soft and VeriCheck allow users to seamlessly integrate their accounting and payment processing systems. No more going outside of QuickBooks® to process payments against customer accounts and having to bring information back in.

Send customers invoices directly from QuickBooks with a pay option built into the invoice. Customers would be able to pay invoices with ease and payments show up in QuickBooks so relationships can be easily managed. Recurring customer billing is also managed directly from QuickBooks to provide a seamless and effortless way to manage your receivables

With our QuickBooks® integration you can dramatically increase your efficiency while saving countless hours of manual recording, data collection, and accounting time.

Fi-Soft Merchant Edition was designed to offer a more secure, yet automated method of data integration and payment processing for QuickBooks® accounting software. Using Fi-Soft’s exclusive PayGuard technology, you can automatically process payments without having to store sensitive account data in QuickBooks®.

Seamless accounting system integration is the foundation for better business management and increased profits. Imagine the impact on your business of eliminating manual processes, connecting remote employees, establishing seamless e-commerce systems, and having accurate customer and financial information automatically updated within your accounting system.

With VeriCheck and Fi-Soft, your business will run more efficiently and generate higher profits!

Contact VeriCheck

Law Firm Debt Collection Solutions

VeriCheck provides a great tool to law firms who participate in collecting debts for clients. With VeriCheck’s ACH system, any law office that chooses to utilize it will have the industry’s best solution to collect on debts for their clients.

You have the ability to set up multiple low cost accounts for separate clients. Your firm will be able to input debtors into a recurring payment database that can easily be managed and tracked, securely, right through your internet browser.

Our solutions are currently being utilized by thousands of law firms around the country who have had great success in the collection of debt for their clients. Our system allows debtors to make payments via multiple channels by utilizing their existing bank account’s information

Check out www.vericheck.com for more information or give us a call at 866 VERICHECK for more information

Open ACH and Check Processing API for Third Party Application Development and Integration

Are you a developer who is creating a website, software application,  smart phone app,  new platform, or gateway? VeriCheck provides the most dynamic check processing integration capability available.

We have been helping developers, entrepreneurs, start-ups, and gateways process ACH and check payments for several years with our API and open source platform. PayPal and credit cards are expensive and in many cases offer very poor integration capability. We are the solution if you need to collect payment from customers via web, specialty software, invoice (including email invoice), telephone, fax, or even in person.

Check and ACH capabilities allow you to keep more of your own money! You no longer have to forfeit your profit margins because of hefty discount rates. Get in touch with a VeriCheck sales representative today to find out how we can streamline your receivables or provide your new idea or program with a great option to receive payments with ease! Call 866.VERICHECK or visit us at www.vericheck.com Today!!!

Chargebacks and The Automated Clearing House

Chargebacks in the ACH world are when a customer notifies their bank that a debit  initiated by a merchant was not authorized. Chargebacks can be very time consuming, costly, and can result in a loss of reputation or even in loss of processing capability for a merchant.

Chargebacks are an area of concern for the merchants and processors because of their implications. Typically a chargeback implies that some type of fraud is going on with a merchant and/or that fraud is being committed against a merchant or a customer.

Even through the reasoning for a customer to initiate a chargback against an item on their statement might be bogus, the burden of proof to resolve chargeback issues lies with the merchant. A merchant needs to provide the ACH authorizations for any debit that was initiated against a customer within a specified period of time in order to win the dispute.

Chargebacks can be the result of the following:

• Point-of-sale processing errors
• Customer dispute
• Post-transaction
• Potential fraud
• Authorization-related

The chargeback process can be a difficult and frustrating. First, the customer contacts their bank to initiate a refund for a purchase made on their account. The bank then researches the validity of the dispute while providing a provisional credit to the customer. Next, the bank initiates the process by obtaining credit from the merchant’s account through the merchant’s processing bank. The merchant’s processing bank then performs their own research and validation.

The merchant’s bank either declines the chargeback or removes the chargeback amount from the merchant’s account and provides written notification to the merchant. The determination as to what decision is made is based on the documentation provided to the bank by the merchant. If the documentation is satisfactory, the chargeback is declined and the customer is charged again for the sale. If the documentation is unsatisfactory, the chargeback is successful, ending the process.

If a processing error occurred, the sale is re-presented to the bank for corrections.

Maintaining a respectable chargeback rate is a necessary aspect of ACH fraud protection practices. Processors are required by NACHA to keep an overall chargeback rate of  under 2 percent. Processors hold merchants to this threshold as well. If chargebacks ever become too abundant for either processors or merchants, banking relationships can be severely impacted or even terminated.

In order to keep chargebacks and other issues to a minimum, it is important to obtain the appropriate authorizations from customers, gain an exact understanding of what proper authorizations entail, and to keep them on file for at least 2 years.

Different transaction types usually have different authorization requirements. For instance, an authorization to initiate a debit to a customer’s account via the telephone (a TEL transaction) has different authorization guidelines and requirements than a transaction that was initiated by a customer in person.

For more information and to see the different transaction types and authorization requirements check out this link: ACH Transaction Types

or

Check out our list of ACH Return Codes and Reasons

Top 10 Reasons to Consider ACH for your Business in 2011

There are many reasons why a business should consider adding ACH capability to their portfolio of  payment processing instruments and in this article I intend to highlight the top 10 reasons.

Before I begin, I will provide a brief introduction to the ACH system…

The ACH (Automated Clearing House) network provides electronic clearing of payments for participating depository financial institutions. Transactions are initiated during the day by merchants and at the end of each business day, transactions that have accumulated are sent electronically in batches to the The Federal Reserve. The FED sorts and routes transactions to their appropriate destination and debits or credits bank accounts accordingly.

The ACH network utilizes customer bank account and routing information to initiate transactions. This data is obtained from customers by merchants. Merchants have the ability to use several different methods to obtain customer payment information.

The Top 10 Reasons to Consider ACH for your Business in 2011

1. ACH provides businesses with payment flexibility for customers.
2. ACH payments are environmentally friendly, they lower carbon emissions and reduce paper expenditure.
3. Money is received faster and on time (decreases check float time). No more waiting on checks in the mail.
4. Allows customers the ability to pay for products or services online, especially if they do not have credit cards.
5. Receiving payment via ACH reduces costs. ACH transactions typically cost only a fraction of what it costs to accept the same transaction by swiping or manually inputting the customer’s credit card.
6. You can convert paper checks into ACH transactions right at your place of business – No more trips to the bank!
7. Eliminates NSF fees your bank charges your account when a customer’s check bounces. It also gives you improved ability to collect on NSF (non-sufficient funds) items
8. THE BEST option for recurring payments
9. Customer does not have to be present to give their payment information. You can initiate payments based on phone authorizations, authorizations received by fax or email, or authorizations received by internet
10. There are no hardware requirements to obtain ACH capability, only a computer and an internet connection are required. All software is free, internet based, easy to use, and has feature rich reporting tools.

 

Here are some current ACH statistics

• 90% of the US population has a bank account (175 million people)
• Over 19.1 Billion ACH transactions are processed annually
• 37.2 trillion dollars are processed through the ACH network annually
• Electronic payments have been increasing at a rate of 9.3% annually

Have your own reason why you love ACH? Have some of your own statistics? Leave a comment below!!

– Article by Zac Ebrams

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!

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

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

VeriCheck Check Scanner

VeriCheck can meet ALL of your check scanning wants and needs! We provide low volume and high volume equipment and programs for businesses who are interested in streamlining their receivables, improving operations, saving money, and improving the environment.

We have the lowest price points in the industry when it comes to Remote Deposit Capture (RDC) processing. No matter the check volume you receive, we have a solution that can help! We have both low volume and high volume check programs.

More and more companies are utilizing RDC solutions for their businesses. Pricing for RDC services are non threatening and most companies are actually surprised when they find out how affordable RDC really is.

Currently VeriCheck has hundreds of clients utilizing our check scanning solutions that have all sorts of different needs. Apartment complexes, property management companies, doctors offices, collection agencies, law firms, Mail Order & Telephone Order businesses, medical offices, hospitals, churches, non profits, an many more have already realized the benefits of our programs!

We invite you to consider this great new opportunity for your business today!

VeriCheck Reseller Program

Check and ACH Processing | Reselling Partner Opportunity |

If you are in the Credit Card business, Collections, Communications, Law, Sales or Marketing fields, personally or as a corporation you can become an affiliate of VeriCheck at no cost. On a full or part-time basis, you can build an additional or main stream of income with our solid and proven business solution!

VeriCheck has been in business for nearly 20 years and is currently one of the most trusted names in the ACH and Check Processing industry. VeriCheck has affiliate partners operating in almost all 50 states. Our reselling partners earn money by helping clients run their businesses more successfully.

Our system will provide you with a sales and income opportunity like no other! With our solutions, you will be able to offer businesses a way to increase their receivables while also reducing operating expenses. VeriCheck also offers free NSF check collection services to merchants…. That’s right, you can tell prospective clients that you will help collect their bad checks as an added service for FREE.

All of our services are provided for less than half of the cost it typically takes for a merchant to accept a credit card!!

Our Check and ACH reselling program is the most preferential in the business with the lowest costs and the most lucrative splits that you will find!

We also commit to helping you succeed in your new endeavor as our reselling partner. You will have access to all VeriCheck marketing materials which can be branded specifically for your organization. We also have a team of ACH and Check Processing experts to help you every step of the way.

Here are some potential markets for our electronic payments service:

Bottled Water Rentals Car Rental Companies Carpet Cleaning Companies Cellular Phone Services Child Care Facilities Chiropractors Churches Collection Agencies Convenience Stores Dentists Discount Stores Dollar Stores Doctors Fraternities, Sororities Government Agencies Home Security Companies Hospitals

Insurance Companies Internet Service Providers Janitorial Services Karate Studios Lawn Care Services Leasing Companies Maid Services Mail Order Companies Medical Equipment Stores Multi-Level Marketing Municipalities Musical Instrument Rentals Newspapers Non-Profit Organizations Orthodontists Pager Services Pest Control Services

Pharmacists Physical & Respiratory Therapists Pizza Restaurants Property Management Public Radio & Television Rent-to-Own Stores Restaurants Shoe Stores Supermarkets Tanning Salonsv Telemarketing Companies Telephone Answering Services Tote-the-Note Auto Dealers Uniform Rental Services Utility Companies Voice Mail Services

For more information check out Website: www.vericheck.com/affiliates