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

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!

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

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Virtual Check Terminal

VeriCheck’s solutions provide a way for businesses to access an online check terminal where you are able to debit a customer’s account instantly!

With our solutions your organization will have the ability to access a web-based processing terminal that is the only payment vehicle your business will ever need. Accept payments from customers who call in to make to make a payment, take faxed payments, or create simple  payment forms that can be inserted into emails or web pages.

VeriCheck’s solutions are not only easy to use, cost effective, and fast, they are great for the environment!

With VeriCheck you can cut out the costs (both in dollars and to the environment) that your organization expends doing business utilizing old world methods. No more money and resources wasted on stamps, envelopes, ink cartridges, or paper. Our all encompassing system will decrease your organizations carbon footprint, and streamline the way you do business.

The days of utilizing the postal service to collect payments from customers are long gone. With VeriCheck, your organization can now take payment from a customer’s account instantly, and for less than it costs to purchase an envelope and a stamp. Not only is it easier and less expensive, it is safer and faster!

Our service is great for collecting monthly premiums, monthly fees, and other payments that are collected on a regular basis. With VeriCheck all customers are treated as if they were local customers of your business… All customer’s will receive their invoices at the same time and your business will not have to wait for a payment to arrive from across the country via the postal service. Payments can be made instantly in much less time than traditional ways of making payments.

It is 2011, and it would not be an embellishment to infer that almost everyone in the United States has an email account. Email accounts are free, and they usually move with the person who owns the email account. You don’t leave your email account at your old address with your traditional mailbox, it comes with you. These days, most people have emails sent directly to their phone. With VeriCheck, if your customer has an email account, then they can not only receive invoices from you electronically but they can also pay for that invoice instantly.

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VeriCheck’s Blairsville Office Grand Opening

On Wednesday October 20th, VeriCheck Inc. officially opened for business in downtown Blairsville. To commemorate the special occasion, a grand opening ceremony was held at Vericheck’s newly renovated office building in the Blairsville Town Square. Members of the surrounding community joined the Blairsville Chamber of Commerce and VeriCheck for refreshments and a ceremonious ribbon cutting. All those who attended the meet and greet were given informative brochures and a short demonstration about VeriCheck’s business solutions.

VeriCheck has been operating in Georgia for over 15 years and specializes in processing payments for businesses and non-profit organizations. They have several different programs that help businesses cut out inefficiencies and increase revenues. Some of the different programs available allow payments to be accepted; online, at the point of sale, through recurring drafts, by mail, and by telephone. Business owners and non-profit organizations are not required to purchase any hardware or equipment and for the remainder of 2010, VeriCheck will be waiving their application and set up costs for local community members.

VeriCheck utilizes new cloud-based systems and technologies that help small and medium sized businesses operate and function on a larger scale. VeriCheck’s solutions are web-based and support multiple users and locations. The web-portal supplied by VeriCheck is fully secure, and meets stringent compliance guidelines that are evaluated regularly. More information can be found on VeriCheck’s website at http://www.vericheck.com or by phone at 866.VERICHECK.

Property Management for the 21st Century

Real estate and property management companies are as ubiquitous as the properties they manage. Their existence is evidenced by the vast amount of multi-tenant properties that are seen in almost every city across the country. Apartment complexes, strip malls, warehouses, and office parks are just a few examples of property types that are frequently leased. Property management functions are infinitely important for any organization that engages in leasing or renting property. Types of properties that real estate companies typically rent or lease include; retail, office, industrial, and residential spaces.

A huge part of property management is the receiving and dissemination of rent payments from tenants, to property managers. One could easily debate that the most important property management function is, the collection and reconciliation of rent payments in a timely and efficient manner. It is hard to imagine where a property management or real estate investment organization would be, if their rent collection process was not a priority or significant concern.

Although, not as proactive as the sales and marketing functions of property management, if the rent collection process has inefficiencies and is not run effectively, other management efforts invariably suffer. Inefficient processes can consume hundreds of hours and thousands of dollars per year on account of just one mismanaged property. Instead of focusing vital human resources on marketing and sales functions, real estate and property management organizations are forced to delegate repetitive administrative duties to persons who otherwise, could be put to better use.

If property management or real estate organizations are not yet utilizing innovative new ways to streamline repetitive administrative functions, then their profits are being significantly affected.

The 21st Century has brought on many new efficient and effective ways to conduct business. Organizations all around the country are already benefiting from the many new opportunities that have arrived due to the evolution of both the payments industry and the internet. In many cases, the organizations currently taking advantage of these new methods and techniques are directly competing against those who are not.

For businesses that have been reluctant to change the ways they operate or that have been waiting around for a more opportune time, this is a call to action! There has never been a better time to move forward than right now. Old world methods will no longer cut it! The new generation of cloud-computing has arrived. With it, safe and inexpensive solutions that are scalable for any size or type of business have become readily available.

Innovators and early adopters in the real estate industry have helped pioneer the new technological solutions that are currently in place. What was once considered progressive is now what is universally expected and favored. It is time for all the laggards to update their operations and enhance the way they engage in business. In today’s modern economic environment, nothing less is acceptable. Solutions have not only been tried and tested, they have been finely tuned.

The solutions I am talking about appeal particularly to the real estate industry. They offer efficiency, reliability, and simplicity for both administrators and tenants.

Now, tenants can pay rent with a click of the mouse or opt to automate the rent process all together. No more searching for checkbooks, stamps, envelopes, or pens. No more getting in the car or going to the mailbox to drop off rent. No more late fees because the property manager’s office closed early or before you got home from work!

For property managers, the rent collection process is streamlined and automated. Little effort is required to ensure rent payments are collected. Full reporting capability lets you view all vital property data in real time, twenty-four hours a day. There is even a modern solution for tenants who still choose to pay the old fashioned way. Checks can be deposited at any point in the back office! No more sending employees out several times per week to make time-consuming deposits. No more rushing to the bank to meet bank cut off times. No more returned checks or returned check fees. Returned transactions can be re-presented with a click of the mouse. Even when third party property managers are utilized, no additional effort is required for split payments. Systems that are currently in place provide ways to automate payment splits with very little effort.

Wouldn’t it be nice to view everything in one place? To know instantly which tenants have paid rent? To assess late fees instantly?

The revolution is underway.

Costs are being cut. Receivables are improving. Profits are looking better than they ever have before…

Get Paid Faster With VeriCheck

VeriCheck offers programs to businesses that gets you paid faster and easier than ever! Sign up for a merchant account with Vericheck today, and start taking ACH and check payments electronically. We enable businesses to take payment from customers over the internet, over the phone, in person, or through the mail. VeriCheck also offers recurring billing capability to businesses who have customers that pay a certain amount on a regular basis.

Recurring billing also allows you to break up large payments in to several small ones. Breaking up payments will increase sales! Its holiday time, and for customers who will be purchasing large items, having a system like VeriCheck in place will make your business more appealing. VeriCheck can provide a solution for your customers that will make them want to purchase from your business!

You will be able to set up customers on a schedule that will allow them to break up any purchase into several small payments, making their purchase easier and more appealing!

For more information, contact a Vericheck representative today at 1.866.VERICHECK or visit us on the web www.vericheck.com

Small Business Check and ACH processing

Do you have a small business that accepts checks as a form of payment? If so, VeriCheck can provide a safe and effective solution that will enable your business to increase revenues and drive down costs.

Vericheck’s check and ACH program for small business enables your organization to reduce bad debt, clear funds faster, and increase sales! Our programs were developed with small and medium sized businesses in mind. No more waiting in long lines at the bank, or scrambling to meet the bank’s deposit cut off time!

VeriCheck enables merchants to deposit checks remotely at their business location! Merchants are also able to verify checks before accepting them. Checks are still the most ubiquitous form of payment outside of cash. Approximately 90% of the population in the United States have checking accounts to purchase goods and services with.

Accepting checks also reduces the expense associated with credit card acceptance. Stop paying high discount rates to credit card companies!!! VeriCheck provides check verification and NSF recovery to merchants at no additional cost!

Turn check payments at the point of sale into electronic transactions that are verified and submitted instantly at the point of sale! We also offer the ability to accept checks over the phone, by mail, online, or through your website!

Use your existing bank account!!

Low set up cost and no monthly fee!

For more information, contact VeriCheck at 866-vericheck or by email at info@vericheck.net or visit our website for more details http://www.vericheck.com

Blairsville, Georgia – Payment Processing / Merchant Accounts

VeriCheck would like to invite all of the local businesses in the Blairsville and North Georgia area to explore our merchant programs!

For a limited time, we will be providing free enrollment into any of our programs! It is time to bring your business into 2010 with the help of VeriCheck!!

We provide every type of processing solution for all types of businesses who are looking to streamline administrative processes and receive customer payments quickly and easily!

Contact a VeriCheck representative today to find out what specific program we have that will work for your business!

We can be reached at any time via our website www.vericheck.com or call Toll Free at 1-866-vericheck

We look forward to working with our local community!!

Call Today!!!