![]() Merchants have the option of contracting Check Verification or Check Guarantee services. Final Words on Check Verification MachinesĬrossCheck takes the worry out of accepting check payments. MAGTEK Excella STX - a full-color scanner with solutions for auto and single-feed operation as well as integrated, secure card reader authenticators. RDM EC7500i Series - recommended by for low-volume use by accounts receivable departments, healthcare offices, government entities and retail businesses. Panini I:Deal - a popular single-feed check scanner designed specifically for the needs of small businesses that electronically process low volumes of checks.ĭigital Check CheXpress 30 - bank-quality check scanner that is recommended for low-volume check capture environments. The loaner program includes servicing or replacing if either is ever needed. Which Check Verification Machines Are Suitable for Merchants?ĬrossCheck uses a handful of dependable check verification machines and has a no-fee loaner equipment program for merchants who do not own compatible scanners. To verify a check, merchants enter checking account information at their place of business before receiving one of two responses: Recommended or Not Recommended. Using a variety of databases and algorithms, these organizations score check writers and make risk assessments before making a determination.Ī database such as CrossCheck's may contain details on millions of check writers: info on closed accounts, check-writing histories, and individuals who have offered invalid checks in the past. Voila! How Does Check Verification Work?Ĭheck verification is not a do-it-yourself process because only financial institutions and companies such as CrossCheck are authorized to access checking account information. The merchant then prepares the transaction by entering information associated with the check into a payment terminal or check processing program before transmitting the image and information to their check verification provider. ![]() They have the option of returning the original check (marked “VOID” by the scanner and no longer valid) to the person making the payment or shredding it. ![]() check scanners) to create a digital copy (a “substitute check”) of a paper check which is the legal equivalent of the original. Merchants use check verification machines (i.e. Check 21 allows banks to process checks electronically instead of exchanging traditional paper versions with other financial institutions via nightly air service. “For every check there is a reason, and a time to every purpose under heaven” - not exactly the King James version of Ecclesiastes 3:1, but certainly relevant to the subject of check verification machines.Ĭheck verification machines are what merchants use to determine whether or not a specific check is recommended by a check guarantee company such as CrossCheck.Īll check processing machines - including check verification machines - became necessary after the Check Clearing for the 21 st Century Act (Check 21) went into effect in 2004. ![]()
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