If You Take Checks, We Can Help!

The use of paper checks for personal and business payments has grown over the last century and is projected to continue to grow. In 2003, it was estimated that 36.7 billion paper checks were used paying over $39.3 trillion*. National Merchant Center has moved right along with the paper check industry and offers a number of products to improve how businesses process and accept checks.

Bounced checks are a major issue in the industry. In 2003 alone, it was estimated that 200 million checks bounced—548,000 each day with a total value of $414 million*. To help alleviate the cost and hassle bounced checks cause businesses, National Merchant Center offers several products including check verification and check guarantee to mitigate these problems.

In addition to the traditional products, the check industry has introduced several new products to take advantage of the internet and the electronic payment phenomenon. For businesses who want to save time and also assure that the check is deposited and cleared quickly, we offer a POS product that converts a customer’s check to an electronic payment. You won’t even need to go to the bank!

For more information about our check services and products, please contact National Merchant Center to learn how we can save your business time and money.


*Source: The 2004 Federal Reserve Payments Study, December 2004