Matrix Payment Systems

Checks - By - Web

Bill Pay e - Commerce

How Checks-By-Web Works ...



1. The consumer initiates the transaction on the merchant's website orpayment gateway. The consumer clicks "Agree" or"Accept," providing authorization to instantly debit their checking account.
2. The payment gateway communicates with the check processor which provides instant approval or decline.
3. Funds are electronically debited from the client's checking account.
4. Funds are electronically deposited into the merchant's bank account in 3-7 business days.

What is Checks-By-Web?



Checks-By-Web is a check processing program that provides merchants the capability of accepting checks over the web. The consumer is able to initiate a debit payment for Bi[[ Payor eCommerce on a website or payment gateway. Merchants can significantly increase sales and earn repeat customers by offering this simple and convenient online payment option.

Benefits of Checks- By-Web



eCommerce.

The eCommerce option is designed for merchants selling goods or
services over the internet. Consumers initiate check payment for products
purchased from the merchant's website. To reduce fraudulent checks, the
check writer and their account are verified against a state-of-the-art check
verification system.

Bill Pay.

The Bill Pay option refers to transactions from consumers with whom
the merchant has an established relationship or agreement. For example, the
consumer has an account with the merchant and utilizes a login process to
access the merchant website payment options.

Check Verification.

Check Verification helps reduce the risks of accepting
checks.  The check writer and their checking account are instantly screened through
multiple databases and fraud detection systems.

Fast and Convenient

Funds are deposited in 3-7 business days allowing
merchants faster access to. funds. ChecksBy-Web eliminates trips to the
bank, banking fees and check handling costs.



Reporting and Support

Merchants enjoy free web-based reporting that provides full transaction tracking along with many other features such as billing reconciliation, transaction history, and fast access to batch detail. Reports can be customized and exported in several popular formats. The check processor also provides outstanding technical support and customer service at no charge to the merchant.

Features of Checks-By-Web

Verification of checking account
User defined custom fields
Detailed online reporting of transaction history
Data export for third party accounting or archiving
Multiple certified third party gateways supported
Can be integrated into most online payment gateways

Reduce Risk and Costs



Check Verification helps reduce the risks of accepting bad checks. The check
writer and the checking account are instantly screened through multiple
databases and fraud detection systems. With Checks-By-Web, banking fees and
check handling costs are eliminated. Merchants receive automatic
notification and resubmission of non-sufficient fund items. Adding the
ability to accept checks to a website increases sales and customer
satisfaction by offering more choices of payment method.

Contact Matrix Payment Systems.