Frequently Asked Questions |
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Is CheckXtra
cashflow solutions easy to use?
Yes. It is like swiping a credit card and sending
an email.
Is
CheckXtra cashflow solutions expensive?
No. The cost of CheckXtra cashflow solutions are
significantly lower than making trips to the bank
to deposit checks, late payments, late payment tracking,
past due notices expenses, mailing expense, payments
processing, delay payment settlement and limited
payment options to your customers.
Can CheckXtra
cashflow solutions solve customers’ late payments
headaches and the profit wasting processes of chasing
customers to get them to pay whatever is due with
no hassle?
Yes.
CheckXtra cashflow solutions are designed with processes
to deal with all types of customers and can make
them pay promptly with no hassle.
Does
CheckXtra provide Electronic Billing and Payments
(EBP) system integration?
Yes. CheckXtra’s
consulting services provide systems integration
and interface to support accounts receivable (AR)
update and posting.
What is Electronic
Check Conversion (ECC)?
Electronic Check Conversion (ECC) is the
process of converting the customer’s paper
check into an electronic transaction when the check
is swiped at the Point-of-Sale (POS) Terminal “Walk-In”.
It is similar to charging a credit card, however
at lower cost.
What is Electronic
Check Truncation?
Electronic Check Truncation is the process of converting
the customer’s paper check or the customer’s
check information into an electronic transaction
when the check is processed and deposited securely
online by the business. It is similar to charging
a credit card, however at lower cost.
Do we still have to
make trips to the bank to deposit checks?
No. Faster Deposit solutions eliminate
making trips to the bank to deposit checks. You
can process each check you received or its information
immediately with no delay for faster credit to your
business bank account.
How do CheckXtra cashflow
solutions solve the risks that are associated with
accepting checks?
Faster Deposit solutions verify checks automatically
to avoid the acceptance of bad checks.
What is the In-House
Automated Merchant Bank Teller?
It is the Faster Deposit solution. It allows you
to verify each check and process it immediately
once each check is received for faster deposit and
credit to your business bank account without making
trips to the bank to deposit checks. It saves you
time and money.
What does swiping a
check like a credit card mean?
It is simple. Now, you can process checks by swiping
them like credit cards at the Point-of-Sales (POS)
Terminal “Walk-In” or securely Online.
Within seconds, each check is verified by the nation-wide
check writers negative database automatically to
avoid the acceptance of bad checks. Check image
is taken. And, each check is processed for deposit
directly without making trips to the bank for faster
credit to your business bank account, however at
lower cost.
What is CheckXtra Consulting and
Solution Implementation?
It is CheckXtra’s staff & Your Business
Staff working together from concept to turnkey.
How does CheckXtra
Outsourcing work?
Checkxtra does it for you. Checkxtra can enroll
your customers. Checkxtra can schedule your customers’
payments. You Can Relax.
What is Point-of-Convenience
(POC)?
Point-of-Convenience (POC) is when business offers
its customers to pay their payments and dues from
many points of convenience. Examples of Point-Of-Convenience
are the point-of-sale “Walk-In”, the
business website, by phone, fax, email, via a bill
remittance such as invoice and/or inserts sent by
the mail and overnight/day drop box.
What are CheckXtra
Check Solutions product line and services?
What is CheckXtra Credit Card Solutions
product line and services?
What is CheckXtra
Cash Solutions product line and services?
ATM Machines and Services.
What is a Bank Draft
Check?
Bank Draft Check is a paper check. It is
an established legal form of payment through various
federal statutes and banking regulations in the
United States and Canada. It has been used by many
businesses for years. Business can print and sign
legal paper bank draft check against any customer’s
checking bank account when authorized by the customer
when payment is due. It is similar to charging a
credit card. The business processes and deposits
the legal bank draft check(s) in the business checking
bank account like any customer’s regular paper
check. Bank Draft Checks are initiated at the Point-of-Sale
“Walk-In”, at the business website,
by phone, fax, email, or via a bill remittance such
as invoice and/or inserts sent by the mail and overnight/day
drop box. Bank Draft Check is an excellent method
of payment for recurring and non recurring payments.
Checkxtra can enroll your customers' payment. Checkxtra
can schedule your customer's payments, print bank
draft checks, deliver the draft checks to your business
by mail, in person and even deposit them into your
business bank account. You Can Relax.
What is eCheck/ACH?
ACH is an electronic check. It is an established
legal form of payment through various federal statutes
and banking regulations in the United States and
Canada.
Only authorized ACH business can debit any customer's
checking bank account when authorized by any customer
when payment is due - it is like charging a credit
card.
With ACH, Only authorized business can process customer’s
paper checks and electronic checks (eCheck/ACH)
that are initiated at the Point-of-Sale “Walk-In”,
at the business website, over the telephone, fax,
email, or via a bill remittance such as invoice
and/or inserts sent by the mail and overnight/day
drop box. All debits are credited to the authorized
business account. ACH is an excellent method of
payment for recurring and non recurring payments.
Checkxtra can enroll your customers. Checkxtra can
schedule your customers' payments, prepare and schedule
the transfer of eCheck/ACH files to the ACH network
for deposit to your business bank account. You Can
Relax.
What is ACH?
The Automated Clearing House (ACH) Network is a
highly reliable and efficient nationwide batch-oriented
electronic funds transfer system governed by the
NACHA OPERATING RULES which provide for the interbank
clearing of electronic payments for participating
depository financial institutions. The American
Clearing House Association, Federal Reserve, Electronic
Payments Network, and Visa act as an ACH Operator
and central clearing facilities through which financial
institutions transmit or receive ACH entries.
ACH payments include:
- Direct Deposit of payroll,
Social Security and other government benefits,
and tax refunds
- Direct Payment of consumer
bills such as mortgages, loans, utility bills
and insurance premiums
- Business-to-business
payments
- Federal, state and local
tax payments
The volume of ACH payments in 2001 exceeded
7.99 billion, up 16.2 percent from 2000. The value
of these payments was $22.2 trillion, representing
a 9.2 percent increase. Annual transaction volume
on the ACH Network increased by more than one billion
payments for the first time in 2001.
What are some of the typical businesses
that use Bank Daft Checks and/or eCheck/ACH payments
to increase their bottom line?
Many such as: Alarm Companies, Properties Management,
Real Estate Mortgage Bankers, Utility Companies,
Telephone Companies, Schools, Credit Card Banks,
Internet Service Providers, Retail Businesses, Self
Storage, Car Dealers, Doctor Offices, Accountants,
Golf Courses, Hospitals, Fundraising Companies,
Collection Agencies, Insurance, Investment and Savings
Plans, Car Loans, Cable TV, Health and Fitness Clubs,
Newspaper/Magazine Subscriptions, Donations and
Contributions to Non-Profits and much more.
What does CheckXtra
Due Diligence Discovery Process Methodology bring
to the business?
CheckXtra’s Due Diligence Discovery Process
Methodology brings the world’s best technologies
and processes to discover many opportunities for
businesses to get paid promptly with no hassle,
to achieve business excellence and to gain competitive
advantages. CheckXtra’s solutions offer benefits
to both your business and your customers in many
areas:
- Business processes review
and optimization
- Project scope and gap
analysis that bring business results and competitive
advantage
- Strategic planning and
presentation of the solution options and recommendation
- Marketing analysis and
implementation of customer adoption programs
and transitioning
- Technology, vendors,
processes and partners due diligence that bring
results
- Design and customization
to fit your business needs
- Implementation and outsourcing
- You can relax
- Training and ongoing
support
Why are CheckXtra
Consulting Services and Solutions Unique and Different?
Because most sales people don't always utilize
the most appropriate solutions for their clients.
They may be limited to the products and services
which they are subjected and have to sell. Our
consultants at CheckXtra are committed to integrating
and implementing the needed solutions for our
clients without worrying about our allegiance.
In other words, we look after your interest instead.
In order to achieve this objective, our consultants
follow four steps: Interview. Investigate. Implement.
Post Analysis.
Step 1: Interview
Our consultant will spend whatever time necessary
to understand your cashflow problems and needs.
We look at them from all angles. We put ourselves
in your shoes to see things from your perspective.
Only then we begin to understand what your business
needs are.
Step 2: Investigate
Once the interview and fact finding are done,
we start looking for solutions. CheckXtra's
due diligence discovery process will discover
many ways your business can easily achieve prompt
payment with no hassle and gain a competitive
advantage. After all, inefficient cashflow
costs your business money and results in less
profit to your business.
Step 3: Implement
After the investigation is done, our consultant
will recommend the needed solutions to you. Once
the recommendations are discussed and the solution
determined, we will implement the cashflow solution
for you. The solution may involve outsourcing
or implementation of services and products. No
matter what the solution may be, you will be assured
that it will be seamless. We never lose sight
of reliability, speed, and ease of use.
Step 4: Post Analysis
After the cashflow solution is in place and had
time to work, our consultant will do a periodical
Post Analysis to determine whether any adjustments
are necessary.
Bottom line is we make living by making your business
keep more of what you make. The old saying, "
A penny saved is a penny earned", is our
approach. Let our consultants help you put smile
back on your face.
Call us now at 1-800-320-8432 to take full advantage of outsourcing and consulting
solutions at CheckXtra.
What is Convenient
Payment?
Convenient Payment is a smart and convenient
way to get paid promptly and easy from your customers
with their preferred payment choice. More convenient
payment options to your customers can increase
business sales.
It brings more customers, builds customer satisfaction,
loyalty, retention, and improves your operation
efficiency with cash flow predictability and liquidity.
We can find the best solution that fits your business
needs in any one category or in any combination
of categories.
- Check
Solutions – Paper Check to eCheck/ACH,
Guarantee Check, eCheck/ACH, Bank Draft Check,
Check Imaging.
- Consulting
& Solution Implementation - Checkxtra staff
working with your staff from concept to turnkey.
- Outsourcing
- Checkxtra does it for you. Checkxtra can enroll
your customers. Checkxtra can schedule your
customers' payment(s). You Can Relax.
- Credit
Card Solutions - Visa/Master Card/ American
Express/Discover/CheckCard-Visa/Master Card/ATM.
- Cash
Solutions – ATM Machines & Services.
Now you can yes to any of
your customers' preferred payment choice that
you offer and they choose: Bank Draft Check, eCheck/ACH
& Credit Cards Batch. Both you and your customers
can easily achieve Prompt Payment with no hassle.
CheckXtra’s representative can meet with
you and complete a discovery process. Your questions
are answered honestly and with integrity. The
discovery findings will result in sharing with
you the complete customized solution options that
will enable you to offer your customers more convenient
payment options that fit your business needs.
CheckXtra's Cashflow Solutions can empower your
business and increase your bottom line. Our business
is to customize and implement solutions that fit
your specific business needs. Your business can
easily get paid promptly with no hassle. CheckXtra
can enable your business to process customers'
payments faster at lower cost. And CheckXtra can
enable your business to offer customers more convenient
payment options from anywhere at anytime.
Call us now at 1-800-320-8432 to take full advantage of Convenient Payment solutions
at CheckXtra.
What are CheckXtra
Prompt Payment Solutions?
Prompt
Payment Solutions are designed to deliver
smart and convenient ways your business can get
paid promptly and easily from your customers without
hassle. It can save your business time and money,
build customer satisfaction, loyalty, retention,
and improve your operation efficiency with cash
flow predictability and liquidity.
The process is simple. Your customer completes
and signs a short form. The signed form specifies
all the necessary details of the prompt payment.
The questions on the form are customized to fit
your specific business needs.
It is Reliable. It is Fast. It is Easy.
Prompt Payment Solutions has many benefits for
both customers and businesses. It simplifies bill
paying, ends accounts receivable headaches, reduces
the hassle of late payments and the profit wasting
processes of sending past due notices. Prompt
Payment let your customers pay your business when
payment is due automatically. On time, without
writing and mailing any check or credit card information.
Prompt Payment is easy to set up. Customers can
still send payments if they desire, but the payment(s)
must be sent promptly. CheckXtra’s solutions
are designed to deal with all types of customers
and make them pay promptly with no hassle.
CheckXtra’s representative can meet with
you to complete a discovery process. Your questions
are answered honestly and with integrity. The
findings will result in sharing with you the complete
customized solution options that will enable your
business to get paid promptly with no hassle.
Call us now at 1-800-320-8432 to take full advantage of Prompt Payment with
no hassle solutions at CheckXtra.
What is CheckXtra
Faster Deposit?
Faster
Deposit is a smart and convenient way
to process received payments promptly and easily.
It converts check payments to cash quickly with
faster credit to your business bank account. It
can save your business time and money, and improve
your operation efficiency with cash flow profitability
and liquidity.
It is simple. Now, you can process checks by swiping
them like credit cards at the Point-of-Sales (POS)
Terminal or securely Online. Checks are electronically
deposited for quick settlement and for fast credit
to your business bank account. Within seconds,
each check is verified by the nation-wide check
writers negative database. Just like a business
bank teller, each check is processed for deposit
directly, without making trips to the bank.
Faster Deposit Verifies checks
automatically to avoid the acceptance of bad checks.
Faster Deposit automatically does Electronic
Re-Presentment and Recovery when it is
necessary and can be customized to fit your specific
business needs.
With Faster Deposit, your business can debit any
customer's checking account when authorized -
similar to charging a credit card.With Faster
Deposit, your business can charge any customer's
credit card, process paper checks and electronic
checks (eCheck/ACH) that are initiated at the
Point-of-Sale "Walk-In" at the business
website, by phone, fax, email, or via a bill remittance
such as invoice and/or inserts sent by the mail
and overnight/day drop box.
It is Reliable. It is Fast. It is Easy.
CheckXtra's representative can meet with you to
complete a discovery process. Your questions are
answered honestly and with integrity. The discovery
findings will result in sharing with you the complete
customized solution options that will enable your
business to offer customers more convenient payment
options that will result in depositing and processing
check payments faster.
Call us now at 1-800-320-8432 to take full advantage of Faster Deposit solutions
at CheckXtra.
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