Certegy Check Services
Offering the choice of 3 innovative programs
ElecCheck
Certegy’s electronic check conversion service streamlines the check approval and settlement process by removing the middleman and opportunities for error. Certegy authorizes the transaction, transfers funds electronically from the point-of-sale to an Automated Clearing House (ACH) and forwards it to the bank for processing and settlement. Process checks like credit cards at a much lower cost.
- Exclusive American Booksellers Association Imaged discount rate of .81% and Imageless discount rate .87%. (subject to credit approval)
- Transaction fee $.20 for ACH processing
- No returned check fee
- No reconciliation required
- Settlement generally in 24 to 48 hours
- $25,000 purchase limit
Enhanced Warranty
Enhanced Warranty gives you peace of mind when accepting checks from your customers.
- Exclusive American Booksellers Association discount rate of .75% which includes full stop payment coverage for fraud, forgery, stolen and NSF checks
- $15.00 monthly minimum
- $25.00 set-up fee or installation charge
- No transaction fee or check minimum
- No statement fee if using ACH billing, otherwise a $15.00 monthly statement fee will be applied
- Voice surcharge of $2.00 for customer-initiated calls
- Easy claim submission, up to 60 days from the date of the check
- Fast claim reimbursement, within 10 business days from receipt by Certegy
- Flexible authorization limits for U.S. or Canadian checks, up to $30,000 in U.S. funds
SettleSmart
SettleSmart added to Certegy's Enhanced Warranty Services consolidates returned checks into a Certegy funded bank account resulting in reduced check handling fees, improved cash flow and the elimination of claims processing. Because all returned items are forwarded to a centralized bank managed by Certegy, no additional reconciliation is required after checks are deposited.
- Same rate as Enhanced Warranty (subject to credit approval)
- Elimination of Returned Check Fees from your bank
- No need to send in claims
*Note: These programs apply to members not currently using Certegy Check Services.
Existing customers may have their account reviewed for program eligibility.
For more information on the American Booksellers Association check programs, call 1-866-496-2637 or e-mail your company name, address, phone number and
member id number to marketpartners@certegy.com.