Internet Check Processing
For businesses transacting sales over the Internet, providing alternative payment options to customers who do not have credit or debit cards is critical. 1st National’s Internet Check Processing enables companies to process non-face-to-face check payments easily and efficiently through their website.
This product can benefit a wide variety of businesses including e-commerce, bill payment recipients, schools, property management companies, and others who wish to accept customer payments by check or ACH via website or shopping cart system.
The consumer simply enters their account information from the face of the check into the merchant’s shopping cart or payments site. The system verifies consumer and account information in real-time and simultaneously creates the Electronic Funds Transfer (EFT) to debit the consumer’s checking account, and deposit the funds directly into the merchant’s account. Since transactions are processed in real-time merchants will reduce handling time by immediately shipping merchandise instead of waiting for a check to be received in the mail and then clear the bank. Additionally, transactions that return for non-sufficient funds can be automatically re-presented via the ACH system, greatly improving collections. Detailed online reporting is available to view transactions and funding activity as well as the status of individual transactions.
Internet Check Processing Benefits
- Allows merchants to accept and process checks over the Internet
- Eliminates the need to wait for checks to arrive in the mail
- Facilitates sales from customers not able or willing to use a credit card
- Enables merchants to fulfill orders more quickly
- Increases productivity through streamlined operations
- Improves customer satisfaction
- Reduces or eliminates check deposit and returned check fees
Interested in what 1st National can do for your business? Give us a call or complete our “quick quote” request. Between our well rounded inventory, Class A Settlement Banks & Processors, and a full suite of Merchant Services, our talented agents are sure to be of value.