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!!!

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!