The TeleCheck Electronic Check Acceptance® (ECA®) Warranty service gives merchants an increased level of protection and an efficient option for accepting checks at the point-of-sale.

The Challenge:

Many consumers prefer to write checks for purchases and merchants who refuse to accept them turn away business. Accepting checks requires attention to the management of risk due to fraud and returned checks. Accepting checks has its costs. They need to be verified, reconciled, deposited at a bank, and processed, which usually means several days before the funds are available.

The TeleCheck® ECA® Warranty service offers merchants a comprehensive solution for check acceptance, incorporating authorization, settlement, and collections. It combines the industry’s most sophisticated check acceptance system with a warranty service option for “peace of mind” over returned check liability. As a result, you can accept more checks, including low-numbered, out-of-town, and even out-of-state checks.

The TeleCheck ECA Warranty service allows you to accept checks easily, efficiently and safely. You benefit from reduced bank fees, lowered operating expenses and improved cash flow through faster funding. And with the warranty service, returned check processing and collections can be managed by TeleCheck.

The service converts a paper check into an electronic transaction at the point-of-sale. The Automated Clearing House (ACH) network is used to process the transaction and fund your account generally within two business days. Plus, if a check is returned, TeleCheck manages the entire collections process giving you more time to focus on your customers.

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