Electronic Check Programs
The Merchant Retailers Association has selected Fusion Alliance Group to handle all our member check processing needs. This decision was based on an excellent reputation, excellent customer service, and the very best pricing in the industry. Fusion Alliance Group helps provide a simpler and safer way for its members to accept checks. The check is run through a check-reader and verified and is turned into an electronic debit transaction. The customer signs the receipt and the funds are deposited into the bank.
Electronic Check Conversion
5 Simple Steps:
- Run check through check reader
- Enter the dollar amount
- Stamp check void/ACH
- Customer signs receipt
Funds are transferred Approved by:
- National Automated Clearing House Association Cleared through the Federal Reserve
ADVANTAGES - FOR ELECTRONIC CHECK CONVERSION
Accept all checks & more sales now!
- Out of town or out of state
- When the bank is closed
- The customer doesn’t meet your ID requirements
- First time customers
- When you’re not sure
- When there is no one in authority to approve the check
Larger Sales - Increase impulse buying
- A check makes all the customer liquid assets available
- Funds are often transferred from savings accounts, money market funds, etc. after the purchase
- No one can spend more cash then they have with him or her
- 50 million people do not have a credit card and those that do are occasionally at the limit
More Satisfied Customers!
- Makes check acceptance a positive experience for the customer
- Customers will find it easy to make an initial purchase and will return to buy again
- No impact on float customers can still spend ahead of their paycheck
- Good word of mouth advertising
- Our logo and signs eliminate the embarrassing question: “Will you take my check?”
- Speed up check out lines with electronic authorization and check readers
- Remove negative “no checks” signs
- Informative Bank Statements
Happier Employees!
- Eliminate employees taking the blame if the check is declined
- Simplifies and standardizes check acceptance procedures
- Make more and larger sales on profits through check promotion
- Eliminate hold or authorization time through electronic processing
Other important Benefits
- A competitive edge over merchants with restrictive check policies
- The authorization procedures are similar to credit cards
- Eliminate collecting returned checks
- Reduced fee for members
- No set up fees
- No annual fees
- Reduced service fees
