Merchant receives check at register.
Check is scanned at the point-of-purchase terminal. Approval or denial from a national data base is displayed within 6 seconds. Check is imaged for a front and back view. Customer signs the receipt, receives a copy of the receipt and the check back.
At the end of the business day or shift, the checks are
batched and transmitted from the terminal to our processing bank for presentment to the Federal Reserve Banking system.
Funds are electronically deposited into the merchant's bank account within 24 business working hours.
Merchants enjoy 24/7 access to batches, deposits,
reversals and status of dishonored check recovery via the FedPayUSA check-tracking Web site.
