Check Conversion

The benefits of installing a POS check conversion solution can be measured in real economic terms. Some of these benefits include:

Reduced check losses Improved collection on returned checks Simplified cash management Increased efficiency at POS

Considering all of these factors of cost and efficiency, check conversion is substantially advantageous to traditional check processing.

APS is proud to offer an array of solutions designed to electronically accept checks at the point of sale effectively decreasing costs and lowering check acceptance risk. These solutions allow financial institutions, check service providers, and merchants to enjoy the many benefits associated with electronic check processing.

Check Guarantee
APS's Check Guarantee program is a uniquely designed service to provide you with a complete "Freedom From Bad Checks". Guarantee provides the merchant with a peace of mind in accepting a check.

If we say "It's Good" We make it good.
Guaranteed!

Check Verification
APS provides resellers and their merchants with the most powerful program for check verification available today for check conversion allowing complete control over the database and risk operation.

Negative File Verification Services- When a fraudulent check is presented for payment, the speed at which the "negative" return information is transmitted back to the merchant is vital in preventing future losses. In addition, updated negative file information is critical to ensure the desired acceptance of new check transactions when a customer makes good on the original returned item. Traditional paper check processing through the bank system can take 7-14 days due to the manual return process involved with paper check processing.

ACH Verification and Authentication- Certain types of checks are not permitted to be processed via the ACH network. These include but are not limited to:

• Third Party Checks
• Money Orders
• Travelers Checks
• Cashiers Checks
• Official Checks
• Investment/Brokerage Account Checks
• Credit Card Balance Transfer Checks
• Government Checks
• US Treasury Checks
• Checks drawn on Corporate or Business Deposit Accounts
• Checks drawn on accounts with ACH Debit Blocks

APS provides a real-time database that helps to ensure that items accepted at the point of origination are able to be electronically processed.