Who Is TeleCheck?
For 50 years, TeleCheck has delivered industry-leading check acceptance, check processing and risk analytics services to merchants and financial institutions. They protect thousands of businesses and financial institutions from check-related losses and fraud. Most people find out about TeleCheck when they have problems with check cashing or with opening up a bank account. TeleCheck protects the financial institution in this manner but also protects you as the customer by reducing check fraud.
How does TeleCheck safeguard consumers?
Fraud and identify theft are some of the fastest growing crimes in America. TeleCheck’s committed team of specialists helps merchants confidently accept checks from consumers safely and securely. This means that whether purchases occur in store, online or over the phone, consumers are safeguarded from unwarranted or unlawful use of their checking account information.
How TeleCheck works?
When you present your check to the sales clerk, your check is authorized through a specially-designed, secure TeleCheck system that captures banking information and the amount of the check. Once the check is approved, you’ll receive a receipt of the electronic transaction to sign. When you sign the receipt, you will receive a copy for your records along with your check to keep. It’s that simple.
Why are Businesses using the TeleCheck ECA service?
TeleCheck provides the TeleCheck Electronic Check Acceptance service so that businesses have the opportunity for increased efficiency, reduced risk and higher productivity, all of which eventually benefit you—the consumer.