Paper checks are a part of the business landscape, but accepting them is not without risk to you. With TeleCheck® Paper Check Acceptance service, you minimize the likelihood of accepting a fraudulent check, or one that will be returned due to lack of funds.
With two options, Verification and Warranty solutions, TeleCheck employs check-writer negative and activity databases and other proprietary risk management tools to quickly determine the risk of accepting a check.
The Verification solution helps you and your employees to decide within seconds whether or not to accept a check through a simple response returned at the point of sale. With the Warranty solution, any authorized check that is later returned will be reimbursed up to the maximum warranty amount if all applicable requirements have been met. TeleCheck will also manage the check collection process, saving you time and expense.