AIRCHARGE Unveils AIRCHECKZ: New Wireless Check Conversion and Check

Wednesday 1 December 2004 00:59 CET | News

New Solution Enables Merchants to Save Money and Identify Bad Checks At the Point of Sale.

AIRCHARGE is now offering a new application that enables users to accept and process checks the same way they wirelessly accept and process credit cards. Now, merchants are able to wirelessly accept checks anywhere on Nextels nationwide network with AIRCHECKZ. AIRCHECKZ is the first wireless electronic check conversion and guarantee solution on the market, providing a new and easy way for merchants to accept check payments in the field via Nextels Java-enabled handsets. Some key benefits of the AIRCHECKZ solution: * Bad checks become a thing of the past * Eliminates the risk of a check being lost or stolen before it is deposited * No need for daily trips to the bank or filling out daily deposit slips * Checks are automatically deposited into the merchants account * Bank fees are reduced * Electronic conversion is faster than a check being processed in paper form * Cash flow is improved The process is a simple one. After starting the AIRCHECKZ software program and selecting process check, the merchant inserts the check into a check reader connected to the Nextel handset. The customers identification number, taken from a drivers license or state issued ID card is swiped or entered manually, followed by the check amount. This information is then submitted over the Nextel network to the check conversion company for approval. If approved, the customer signs a written or printed receipt. A copy of this receipt and the original check is returned to the customer and the sale is complete! If the check conversion company declines the check, the merchant can then request an alternate form of payment, eliminating the possibility of accepting a bad check.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce