E-Check Sector

By: Benscha
Posted: Tuesday, April 19, 2016 - 01:39

Although we live in a high-tech world, the majority of B2B transactions still involve a checkbook. This is simply because the user-friendliness of checks is clearly appealing. Despite all prophecies of doom, check payments will not disappear; they are just evolving from paper to Check 21 and ACH.

By: Benscha
Posted: Tuesday, April 19, 2016 - 01:41

The United States Patent and Trademark Office is in the process of examining the patent application for our Mitigation Monitor™. Payment21® has invented a mitigation process that estimates the risk of a real-time payment defaulting or not. Our proprietary Mitigation Monitor™ can be adjusted to industry specific preferences reflecting specific business rules and customers’ check-writing habits. This state-of-the-art fraud prevention solution monitors and rejects transactions from suspicious or abusive users before the Instant eCheck™ reaches the payment system thereby saving merchants money in processing and returned transaction costs.

By: Benscha
Posted: Tuesday, April 19, 2016 - 01:47

We have developed our API module using CS Cart, making the shopping cart available for quick integration with Payment21®’s payment method: Instant eCheck™.

By: Benscha
Posted: Tuesday, April 19, 2016 - 01:53

We have developed our API module using VirtueMart, making the shopping cart available for quick integration with Payment21®’s payment method: Instant eCheck™.

By: Benscha
Posted: Tuesday, April 19, 2016 - 01:58

Most online merchants accept debit and credit card payments, but many do not offer an e-check option for their customers. E-check acceptance is easy to implement, and studies show that offering additional payment options can increase transaction completions significantly.

By: Benscha
Posted: Tuesday, April 19, 2016 - 02:00

Here is the secret on how to process ACH or Check21 at low cost and with low
risk:

With Payment21®’s fraud prevention services merchants and consumers are at ease. Our customizable Verification Loop™ and proprietary Mitigation Monitor ™ (patent pending) reduces return rates significantly - making Payment21R the most economical check processing solution overall.

Begin accepting digital payments in 5 easy steps