- Accept Checks Online
- Gateway
- Check Verification
- Rates
- FAQ
- Get Started
Accept Checks Online
SpeedChex, our internet gateway, is an information capture and processing service that allows customers to pay for your goods and services through your web site by check. There’s more.
Your customers never need to mail in checks when you begin processing transactions at your web site or check by phone. Since more than 75 million Americans use checks instead of credit cards, your increased cash flow is unavoidable. Check out more benefits below.
Benefits of Online Check Acceptance
- Collect bill payments & past due payments over the web 24 hours a day.
- Charge a “convenience fee” and gain a revenue source from last minute or overdue online payments.
- Increase online sales by offering an additional payment option.
- Improved Cash Flow. Get access to funds within 48 hours.
- Funds automatically deposited to your business checking account.
- Easy set up & Secure web-based system. No programming required. Automatically resubmit NSF items for what date you choose. Easier collection.
- Low transaction costs. Less than half the cost of accepting credit cards.
- Customer accessible online transaction archive.
- Eliminate paper statements. Set up one-time or recurring payments for billing.
- Automated data files allow for easy import to your accounts receivable system.
- Comprehensive online reporting. Save real-time and historical customer data.
- Custom fields allow you to track company specific customer data.
- User rights management allows you to control access among your employees.
- Automated purchase confirmations emailed directly to your customer.
- Customize payment pages with your company information.
Can I see a demo of the system? Of Course! Click the demo button now.
How can by customer pay by check at my web site?
Customers are presented with a simple, secure "check-like" interface that shows them how to find and input their bank account information. Your company is notified instantly when a check payment is received.
Your consumer can input their checking account information directly into their web-browser and our system will deliver the check data to our authorized processing center that will convert the check information into an ACH transaction.
Screenshot of Sample Internet Check Acceptance form:
The following customizable Internet payment form is available to you when using our Gateway Services.
This form can be integrated directly to your site or shopping cart. We also offer fee based programming and Integration support for e-commerce merchants who require such technical assistance.
The following would be an example of the check out process a customer would see when purchasing via check from your web site:
Steps to follow:- Step 1: Pull out the next valid check.
- Step 2: Copy all information from that check to the Online Check form below.
- Step 3: Press the "Proceed to Authorization" button and wait for the confirmation screen. Then print your copy.
- Step 4: Write void on your check and keep it with your printed receipt.
- Step 5: Make sure to record an entry in your check book for the amount of this check and the check number. You will see this transaction in your monthly bank statement soon.
Payment Gateway
SpeedCHEX Electronic Gateway allows you to establish secure automated communications between an Internet software application and the SpeedCHEX check processing system.
Services available to you within the SpeedChex Gateway:
- Express Authorization
- Express Verify
- Batch Processing
- Transaction Status Tracking
- Simple Customer Interface
We have 2 API's for submitting transactions through SpeedChex:
-
Customer Interface API allows you to simply set a link on your website a customer can click and they will be routed to our servers.
Then we collect the check payment information and then route the customer back to your website (with or without pass-thru and other data collected from the user).
This is the easiest and quickest solution to implement. -
Express Authorization API allows you to keep the customer on your website during the entire payment process. This means you-d be responsible for collecting all necessary information to process a check transaction.
This entails getting the authorization from our servers on the back-end, and then responding appropriately to the customer.
Obviously, this is a little harder to implement. However, it gives you total control over the entire process.
Express Authorization
Express Authorization is a tool designed for merchants who want to electronically submit individual, fully-formed check transactions and receive an immediate authorization status indicating whether the transaction is approved or rejected.
Merchants who want to use Express Authorization are responsible for collecting and submitting all data associated with an electronic check transaction.
Please see the table titled Electronic Check Transaction Packet Format for a list of all required data fields.
The concept behind the Express Authorization process is fairly simple and doesn't take long to implement.
The following list shows the major steps involved in this process:
How does it work?
-
Data Gathering
Merchants are responsible for collecting and submitting all data associated with a fully-formed electronic check transaction. -
Transaction Packet Submission
The merchant-s software application uses their HTTPS protocol to submit an electronic check transaction packet over the Internet to a secure URL located on the Electronic Gateway. -
Transaction Packet Validation
The Electronic Gateway parses the transaction packet for missing data, invalid field values, security violations, etc. -
Customer Address Verification (optional)
If you-ve activated this feature through your Financial Advisor, SpeedChex will perform address verification on the customer data. -
Authorization Status Notification
The SpeedChex Electronic Gateway will return an -Authorization Status- in response to the HTTPS request sent by the merchant. This will indicate if a transaction was accepted for processing or rejected.
Other Integration Options
There are other options available for automating communications to and from the SpeedChex check processing system. They include Express Authorization, Express Verify, Batch Processing, Transaction Status Tracking, and a simple Customer Interface that can be integrated into any E-Commerce application.
Please inquire with your Financial Advisor if you are interested in any of these options.
Batch File Format for New Check Transactions
New check transactions can be batched and uploaded to SpeedChex in a tab-delimited text file.
Each transaction in this file needs to be on a separate row and each row must end with a valid end-of-line character (carriage return/line feed).
Data Security and Protection
All transaction data sent to and from the SpeedChex Electronic Gateway is secured during transmission using 128-bit SSL encryption verified by Thawte, a VeriSign subsidiary.
The data received by the gateway is ultimately stored on the SpeedChex servers which are protected by a state-of-the-art firewall system and are restricted physically to authorized personnel.
Every merchant is assigned a unique Merchant ID, login name, and password that must be included as part of each data packet sent to the gateway.
In addition, an IP filtering scheme is used to ensure that transaction packets are only received and processed if the IP address of the computer system sending the transaction fits into the IP address range specified in the merchant -s security profile.
Shopping Carts / Integration Documents
At your request, we will email the necessary Gateway documentation and API information required either by your shopping cart provider or e-commerce developer.
For an Interactive Gateway Demo, click here:
How Check by Phone Works
How Do I Submit Transactions?
You can send transactions to us in a batch that is uploaded to our secure web site. Or individual checks can be processed in real-time at our secure virtual terminal that can be accessed safely from any internet connection.
Powerful Scheduling
One of the most powerful features of the EFT software is how easy it is to schedule billing transactions.
Schedule a single transaction for a new customer, for multiple recurring transactions, or for a group of customers. It-s up to you. And, it-s simply a few clicks away.
Recurring EFT transactions can be scheduled to recur on a weekly, biweekly, monthly, quarterly, semiannual, annual, or custom number of days.
EFT transactions can be scheduled for months and even years into the future - all with the simple click of a button.
Advanced Resubmit Options
Another powerful capability of our check by phone program is its ability to handle rejected and NSF items.
The system allows you to customize according to your specific needs. You choose when you-d like NSF items resubmitted-immediately or certain days in the month. You decide.
You can automatically reschedule these transactions or you can set the system to allow manual resubmission of transactions. Using the manual resubmit option allows you to confirm funds are available or to make customer contact before a second collection attempt.
Comprehensive Reporting
As part of the standard program you get comprehensive reports that give you critical financial information you need.
Look at a customer-s payment history or if you need to analyze your company-s future revenue streams, you will have the reports you need.
The comprehensive and analytical reports improve your company's efficiency. Even better, they allow you to spend focused time growing your business instead of dealing with daily collection and cash flow issues.
Multi-user / Multi-company capable
Our electronic funds transfer (EFT) software is fully network capable. The number of simultaneous users accessing the software is based on the number of users on your network.
In addition to using the system to handle your company-s billing needs, it is also multi-company capable.
You can use the software to process multiple divisions or the EFT transactions for multiple companies. This is effective especially for franchises.
ACH Processing - Rates and Fees
Our ACH Account includes the following features:
- Virtual Terminal to key-enter Checks By Phone or by Fax.
- API/Gateway to process online checks via your web site.
- Online reporting tool to track all your transactions.
- And a complete list of features listed below-
Small Business |
Enterprise | Specialty Risk | |
| Activation Fee | $0.00 | $0.00 | Review |
| License Fee | $00.00 | $249.95 | $349.95 |
| Monthly fee | $49.95 |
$75.00 |
$100.00 |
| Transaction fee* | $0.00 ** |
$0.15 to * |
Review* |
| Discount Percent of Sales fees* | 0% |
0% |
Review* |
| Per Transaction Limit | * |
* |
* |
| Limit on number of transactions | No |
No |
No |
| Ability for customized Accept / Decline URL's | Yes |
Yes |
Yes |
| Ability to void pending transactions | Yes |
Yes |
Yes |
| Ability to override declined transactions | Yes |
Yes |
Yes |
| Merchant settlement by pre-authorized paper drafts | Yes |
Yes |
Yes |
| Optional Electronic Check Processing Settlement (ECP - ACH Service) Option |
Yes |
Yes |
Yes |
| Settlement by file | Yes |
Yes |
Yes |
| Secure hosted payment/gateway page | Yes |
Yes |
Yes |
| Ability to host secure payment/gateway page on your servers | Yes |
Yes |
Yes |
| Batch / bulk file check processing | Yes |
Yes |
Yes |
| Automated NSF Representment | Yes |
Yes |
Yes |
| Customizable payment/gateway page | Yes |
Yes |
Yes |
| E-mailed merchant new payment notifications | Yes |
Yes |
Yes |
| Embedded shopping cart function | Yes |
Yes |
Yes |
| Transaction fraud scrub | Yes |
Yes |
Yes |
| Address / Telephone Verification Service | Yes |
Yes |
Yes |
| Positive search on bank routing number | Yes |
Yes |
Yes |
| Negative data scrub | Yes |
Yes |
Yes |
| Positive real-time bank verification | Yes |
Yes |
Yes |
| Ability to block consumer accounts | Yes |
Yes |
Yes |
| Transaction history displayed | Yes |
Yes |
Yes |
| Secure Merchant Utilities Access (admin / reporting) | Yes |
Yes |
Yes |
| Download reports in plain text | Yes |
Yes |
Yes |
| Advanced searchable reporting | Yes |
Yes |
Yes |
| Ability for scheduled / prearranged payments | Yes |
Yes |
Yes |
| Customizable payment/gateway page | Yes |
Yes |
Yes |
| Developer's Package | Yes |
Yes |
Yes |
| Virtual Terminal allowable Users | 3 |
Unlimited |
Unlimited |
| Virtual Terminal | Yes |
Yes |
Yes |
| API for Internet transaction processing | Yes |
Yes |
Yes |
| API for Express Verification Service | Yes |
Yes |
Yes |
*Based on Underwriting and Volume. **Includes 100 free transactions/month. $0.45 per transaction thereafter |
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Our Risk Free Guarantee-
- Don't pay us a penny until your account is approved.
- 60 day, unconditional, no strings attached money back guarantee. If you-re not happy for any reason we'll immediately issue you a full refund.
Why Choose Us?
Your Satisfaction is our Focus
Cash flow and your customer relationships are the two most important aspects of
your business. Fulfilling your business needs is our focus.
Always On Time
This is why we will be here to make sure that your transactions are processed accurately
and on time, every time.
Simple System
Our system is easy to use. Once you-ve completed our simple application and are
approved, you can begin accepting checks in minutes. Get started today and accept
checks by phone within 48 hours.
We Serve You
If there is ever a problem, we will provide the answers and solutions that you need.
Our dedicated financial advisors are always ready to help.