Real-time ABA routing number and checking account verification
Cross-checking with database of known "bad check" writers
Quicker identification of returned items
24/7 online reporting
Looking for a Processing Solution for your High-Risk Business?
Recent NACHA regulations eliminated ACH processing for high-risk
merchants. Bank Drafts have become the viable solution for
merchants in the telemarketing, mail order/phone order,
and Internet businesses. Bank Drafts enable you to collect
receivables faster than the minimum one-week turnaround
included with ACH payments. If you fail to meet NACHA authorization
standards or do not want to put up with high reserves and
increased processing rates, Prochex is your solution. Prochex’s
end-to-end Bank Draft processing system is easy to integrate
and works just like ACH…only better!
Whether you accept payments by phone, fax, or Internet, your business can start accepting Bank Drafts as quickly and easily as you once accepted ACH payments and credit cards. It's simple to use. You send us an electronic file with the checking information from your customers. Prochex will print, process, endorse, and sort your paper drafts and provide detailed daily deposit reports for you.
Bank Drafts can be used for single or recurring payments. Prochex will even handle legal notification by notifying your customers by mail of any upcoming payments due. Each deposit you send will be listed on our real-time, online reporting website for you to track. With daily deposits, you will be able to identify returns and have access to your funds faster than ever.
