The benefits of utilizing a POS check conversion solution from American Payment Systems can be measured in cost-saving economic terms. These benefits include:

Considering these cost and efficiency factors, check conversion is unquestionably preferred over traditional check processing.

 

APS is proud to offer a wide range 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 that provides you complete "Freedom From Bad Checks." Our guarantee leaves you with complete peace of mind when accepting checks.

 

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

 

Check Verification
APS – provides resellers and their merchants with the most powerful check verification program 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, how quickly the merchant receives "negative" return information is vital in preventing future losses. Equally important is knowing negative file information is promptly updated since this is critical to ensure the desired acceptance of new check transactions when a customer makes good on the original returned item. When banks use the manual paper check processing system, it can take 7-14 days for the merchant to be notified.

 

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

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