Michigan Retailers Association has partnered with T Tech to offer merchants a check processing solution that not only deposits consumer checks, but can also verify and guarantee checks in the process.
- Check Conversion and Verification: Turn almost all paper checks into electronic transactions, which are then processed through the Automated Clearing House (ACH) system. This process speeds up the settlement timeframe, eliminates paperwork and lowers handling costs. A check is scanned at the point of sale and the information is run against a nationwide database to check if the consumer has a history of writing bad checks.
- Check Guarantee: Using a customized risk management system, the checks you accept in your business are guaranteed for the full amount of any check that is approved, provided all of the requirements have been met. All check returns go directly to our system and we handle the collection process. You never even know that a check has been returned.