PhoneCHEQ™

PhoneCHEQ™  transaction processing allows businesses to receive consumer CHEQ™  payments by telephone.

A one-time authorization enables you to debit the customer’s account and deposit the payment into  your  Merchant account.

Goods can be shipped
faster since funds are
collected faster.

Returns are received within 48-72 hours as opposed to 5-10 days with paper CHEQ™  transactions.

PhoneCHEQ™ Benefits

Eliminate CODs
Enhanced cash flow
Potential to lower bank fees
Electronic items clear faster than paper items
Simplified “back office” processing
Convenient and faster processing of checks
Higher collections on returns
Automate the NSF collection process
Quicker collection opportunities on returns
Customized integrated Software solutions
Electronic Accounts Receivable file updates
Electronic batch processing
IVR PhoneCHEQ™ acceptance also available
Eliminate All NSF Returned Item Fees With eRecovery™

 

PhoneCHEQ™ Process
A PhoneCHEQ™  is the acceptance of checking account information over the phone for payment of goods and services or a payment on account.

This transaction is processed via the ACH network as a TEL transaction. It can be tied via TCP/IP connection to our secure Internet gateway for automated processing and online reporting or it can be processed through our UniCHEQ™  software.

PhoneCHEQ™ Facts
Acceptance of a CHEQ™ over the phone has been utilized by several industries over the past 20 years -- insurance, health clubs, and auto ship programs, to name a few.

The difference today, with a PhoneCHEQ™  from CSI, is the ability to process all the transactions as electronic items.

No paper drafts, No NSF fees related to paper item processing and No time delay in the receipt of your funds.

As with our other CHEQ™ services, eRecovery™ is a part of the PhoneCHEQ™  process.

Authorization is obtained at the time of the call, or in advance in the order process, returned items are handled according to
e R e c o v e r y™ guidelines.

PhoneCHEQ™ Solution
Why not take advantage of the convenience and financial benefits of accepting Phone- CHEQ™  transactions by the telephone.