Check Processing | eglobal-bsi

You can think of our check processing as a check insurance policy. Just like having insurance, you... pay a premium to protect your assets in the event of an unanticipated loss. Most of our merchants have no interest in a check service, that is, until they recieve their first bounced check.

The computer literate criminal has joined a new growth industry: The counterfeiting of virtually undetectable fraudulent checks using a regular PC, a laser printer, and blank check paper available at almost any stationery store. Chemical Bank of New York reported a 50 percent increase in fraudulent checks last year and Wells Fargo admitted that transactions involving fraudulent checks rose an alarming 500 percent. Counterfeit checks are becoming a serious problem to commerce on and off the internet.

Although consumers now carry credit cards, debit cards, and cash, checks remain the single most dominant form of payment. Over 50 billion checks were written last year and continue to grow at a rate of 2% to 3% annually. Did you know that 61 percent of the buying public does not have a major credit card and that 83 percent of all consumers write personal checks when shopping. As a successful retailer it is important that you accept checks openly and freely without fear of loosing profits because of bounced checks in today's check writing society.

eGlobal Business Solutions, Inc. has put together a variety of outstanding check service programs that will enhance and add value to your merchant product list, including traditional Check Guarantee, Check Verification, Electronic Check Recovery and the latest in check acceptance technology called Check Conversion. We also sell inexpensive and easy to use PC software to enable your company to accepts checks via phone, fax, or over the internet.

With eGlobal we have put together a very competitive Check Service program for every category of check processing in terms of service and price. After reading about each one by clicking on the check categories boxes below, please email us at ed@eglobalbsi.com. We would be happy to email or call you with a quote and to discuss your company's specific needs and answer any questions you might have.

Advantages to Merchant by accepting check services:

Increase sales by accepting checks.
Eliminate bad checks.
Faster availability of funds.
No more sorting and depositing paper checks to the bank.
Eliminate bank deposit fees & NSF Fees.
Improved check speed at the point of sale.
For multi locations no need to “sweep funds” from local accounts, funds can be directed into central account.
Access to o\nline reporting.

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ed@eglobalbsi.com