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MASS RETAILERS

POS (Point-of Sale) Check Conversion:

Many large retailers believe that it is not cost-effective nor is it possible for them to use conversion programs at their cash registers. This belief is true when considering other companies and technologies.

However, EFT Direct proudly announces the availability of the advanced technology of our solutions providers to help large retailers. With proprietary technology and leading-edge backend support, large retailers can now benefit from this service.

EFT Direct also provides RDM Check Imager, a compact and affordable countertop check-scanning unit. RDM Imager allows for the scanning of the entire check without affecting the transaction speed.

Merchants can order a copy of any check by calling a toll-free number. Orders are processed within 24 hours.

Program:

Allows retailers to convert a paper check to an electronic check at the point of sale through the use of their cash register system. The transaction is handled in the same fashion as a credit card transaction with the terminal printing out the authorization slip.

Transactions are processed through the merchant's central processing computer system and sent to our Processing Center's ACH (Automated Clearing House) computer via FTP, dial-up modem, or encoded email over the internet.

Benefits:

• Check Verification (Optional)
• No deposit preparation or transportation expense
• No deposit fees
• No lost or stolen checks to worry about
• Faster speed of transactions
• Eliminates the delay of paper check transactions
• Electronic checks are given priority over paper checks for processing, thereby increasing clearance and collection rate.
• Funds are electronically deposited within 24-48 hours
• Speed of deposit dramatically improves collection rate and fraud control
• Eliminates NSF bank service charge
• NSF checks, in the electronic format, are processed within days as opposed to weeks
• Merchant receives 100% of the face value of all collected NSF checks
• Check Guarantee

Call or Email Us today for a free evaluation or information.