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" Electronic Credit card processing can increase your sales potential by 75 million customers in the U.S. Credit card processing analysts estimate that 3 out of 4 people use a credit card for their online orders. "

--ETA Associates


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80% of all non-cash payments are by check!

Why Accept Checks?

89% of U.S. adults have a checking account
86% of all business payments are by check
23% of households do not have a credit card
45% of all credit card holders are within 5% of their credit limit
83% of all consumer bills are paid by check
80% of all non-cash payments are by check
10 million households without credit cards are online
74.6 million Internet check transactions in 2001
Over 150,000,000 Internet check transactions in the first 9 months of 2002


(The statistics quoted above were gathered from NACHA and the U.S. Federal Reserve)

Checks are the largest non-cash payment method for consumers today!
Even credit card companies depend on checks for bill payment.

Electronic Check Processing

FMS partners with Nationwide Check Services offering solutions to merchant challenges by delivering the most powerful and merchant-friendly check service in the industry today. Our premier service, Conversion/Guarantee, combines the protection of check guarantee with the convenience of check conversion, thereby providing merchants with virtually risk-free check acceptance and funds within 48 hours.

 

Nationwide has combined all the benefits of check conversion and check guarantee to provide the most powerful check service in the industry today. Merchants are able to convert paper checks into electronic deposits within 48 hours (two business days) while insuring the face value of the check and eliminating any chargeback liability. This service allows merchants to accept checks as safely and conveniently as credit cards.

• Increase Sales
• Increase ticket size
• Eliminate losses
• Improve cash flow
• Predictable cash flow
• Protection from unexpected overdrafts
• Eliminate “item” fees
• Eliminate “NSF” fees
• No more deposit tickets
• No more trips to the bank
 

Introducing…The ValuePak™ The ultimate solution for the seamless integration of Credit, Debit, Check, EBT, Loyalty and Smart Card transactions. Nationwide has patented developments involving a variety of point of sale equipment that enables business owners to accept multiple forms of payment in any business environment. The ValuePak line has been designed to suit the needs of the retail and mobile business community. This point of sale system provides merchants with the ability to accept credit cards, debit cards, and checks in one easy-to-use module. Acknowledged as an "All in One Payment Solution," the ValuePak line is one of the industries premier point of sale systems.




If your business is on the road or at trade shows you can take this amazing check service with you using the Val-Pak 720 Wireless unit, processing credit cards, debit cards, and checks on the go!

An advanced POS terminal with internal PinPad and check reader on a single platform allowing mobile merchants the ability to accept all forms of payment with the added benefit of Wireless Check Processing.

• Saves Discount Rates from keyed to swiped
• Provides Mobility outside of metro areas
• Helps reduce fraud activity by promoting card swipe transactions
• Cellular or Radio Driven
• Eliminates cost and need for additional phone lines
• For processing in outlying or rural areas
• Extremely durable point of sale system

The ValuePak 720 is a complete system not dependent on a power source or the telephone line to process credit card, debit card, or check transactions. The terminal is powered by a battery pack that supplies over twenty hours of battery life. Transactions are conducted through radio waves allowing a merchant to accept credit cards, debit cards, and checks in any location where coverage is available. The Valuepak 720 offers merchants the durability and versatility that the ValuePak 700 offers with the added bonus of wireless processing. Wireless processing facilitates card-swiped transactions that lower discount rates and transaction fees, as well as lowers charge back occurrences. Radio waves are infinitely open unlike telephone lines allowing transactions to occur rapidly, at any time, without depending on a local telephone company. The ValuePak 720 allows merchants to process transactions economically and efficiently, at any location.



With the Val-Pak and Nationwide's amazing check conversion/guarantee program you simply swipe the check through the reader, the customer sign's the receipt, and your money is deposited into your bank account in 48 hours guaranteed. There is no need to go to your bank anymore except for cash! If the customer's check should bounce for any reason you not be affected in any way as Nationwide gets the bounce not you, your bank account is Never un funded! There is also a stop payment option you can select to cover yourself against Stops as well.

For this amazing service Nationwide charges only 1.45% if under $10,000 in checks a month or 1.25% if over $10,000 in checks a month of the face value of the checks processed. This service can be programmed into most existing check readers/card machine combo's as well, however, was designed to work with the Val-Pak series of multi-functional terminals.

You never have to worry about bounced checks again, it's as simple as that! With Nationwide Check Services you cannot go wrong, order now!

Now that you understand how our check service works please continue to our rates and fee's section to choose the type of account for you.

 

 
Already accept credit cards and want FMS to save you hundreds or thousands of dollars a year?
Well check this out!

 

FMS-First Merchant Systems
6710-F Ritchie Highway #448
Glen Burnie, Md. 21061
(888) 711-0098
E-mail: info@realsolutions.com

©Copyright 1998 - 2006 FMS-First Merchant Systems. All Rights Reserved.