Streamlining electronic transaction processing
- Check Processing & Conversion
- Returns processing (Xcelerated Returns)
- Use of timely data to make important decisions
- BOC (Back Office Conversion)
- New Industry movement approved by NACHA
- Organizations improve efficiency and experience fewer check conversion errors
- Equipment expenses are reduced
- Credit Card Processing
- Customers expect it (increase customer satisfaction)
- Shop around for competitive rates, but look out for hidden fees… transaction rates and discount rates are not the only things to consider
- Look for a provider that can consolidate all payments (i.e. credit card, check, ACH debits) into one system
- Risk Management
- Identify that companies you work with are legitimate
- Before engaging in business, research valid tax ID numbers and registration in respective states
- Verify physical locations
- Confirm that you have signed agreements in place before processing payrolls, payments, etc.
- Uphold the same standards for all customers