Archive for category Business 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
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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!!!
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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
- ACH provides businesses with payment flexibility for customers.
- ACH payments are environmentally friendly, they lower carbon emissions and reduce paper expenditure.
- Money is received faster and on time (decreases check float time). No more waiting on checks in the mail.
- Allows customers the ability to pay for products or services online, especially if they do not have credit cards.
- 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.
- You can convert paper checks into ACH transactions right at your place of business – No more trips to the bank!
- 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
- THE BEST option for recurring payments
- 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
- 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
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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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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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Season’s Greetings to All,
VeriCheck would like to take this opportunity to extend our warmest salutations to everyone this holiday season! We would also like to keep you informed on our business solutions and reseller opportunities as the new year rapidly approaches.
Check and ACH Processing
We are a direct ACH processor and we pride ourselves in focusing exclusively on check and ACH products. Doing this enables us to offer unique services, great prices, and unrivaled support for our clients.
We help organizations connect to the exact solutions they need, precisely when they need them. Our team of experts are always available to help businesses realize the benefits that can be achieved by leveraging VeriCheck’s solutions into their operations.
Below are just a few of the the solutions we offer:
Our Solutions
* ACH transactions (TEL, WEB, PPD, CCD, ARC, BOC, POP)
* Check 21 and electronic check conversion
* Integrated check scanner / credit card terminals (Q1 2011)
* Check Guarantee
* Check Verification
* One time scheduled and recurring payment capability
Remote Deposit Capture
VeriCheck provides solutions for businesses that lower expenses, make life easier, and that are environmentally friendly
Our RDC solution offers businesses a low cost and easy way to deposit all checks received directly into any US bank account – right from the office!
- Free software, training, and support
- Small footprint check scanner
- Deposit checks in less than 20 seconds
- Money is available faster than traditional deposit methods
- Check image is safely stored “in the cloud” for viewing anywhere anytime
- Bulk check scanning solutions are also available
We are always looking for new partner organizations that will be able to benefit from the programs and services we offer to merchants.
Contact Information
www.vericheck.com
1-866-VERICHECK
zace@vericheck.net
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Hello everyone. If you haven’t heard by now, Vericheck processes payments for clients around the country. We streamline administrative processes so you can get back to what you do best! We are a dynamic in house ACH and check processor. We enable merchants to accept payment from customers through their websites, over the phone, or in person (just to name a few ways). If you are a business, you will benefit from our services! check out our website for more information!! www.vericheck.com.
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