Electronic Check Payment Processing

VirtualCheck

LinkPoint VirtualCheck is a value-added enhancement to LinkPoint Select API, LinkPoint Basic and Virtual LinkPoint, which allows merchants to accept and process electronic check payments using Secure Sockets Layer (SSL) encryption. LinkPoint VirtualCheck transactions are captured through the LinkPoint Secure Payment Gateway, and check batches are automatically presented for settlement each day. The check processing system debits the customer's checking account via the automated clearing house (ACH) and then transfers the funds to the merchant's direct deposit account.


FEATURES	ADVANTAGES
Deposits funds into the merchant's direct deposit account within five to seven business days	Faster access to cash
Notifies merchant of a returned check within two to four days	Quicker notification of returned checks than conventional means
Resubmits returned checks automatically	Automatic redeposit saves time
Captures and processes data in a secure environment	Comfort of knowing customer data isn't compromised
Provides real-time reports	View check transactions online in real time
E-mails notification of a transaction's acceptance (optional)	Customer quickly notified that transaction was accepted
Using LinkPoint VirtualCheck Through LinkPoint Basic LinkPoint VirtualCheck can be easily integrated into a merchant's Web site along with the HTML script used for LinkPoint Basic. Customers electing to pay for goods or services by check are prompted to enter check information into a simple browser-based form. The check transaction data is stored in the LinkPoint Secure Payment Gateway for processing, and the merchant's online reports are updated in real time. Using LinkPoint VirtualCheck Through LinkPoint Select API LinkPoint Select API allows electronic check acceptance to be integrated into the merchant's Web site. Customers electing to pay for goods or services by check are prompted to enter check information into a form created and maintained on the merchant's Web site. Check data is sent to the LinkPoint Secure Payment Gateway through an SSL connection for processing, and the merchant's online reports are updated in real time. Using LinkPoint VirtualCheck Through Virtual LinkPoint The merchant can enter check information through the VirtualCheck Sale screen. Data read from the customer's check is keyed by the merchant into a simple browser-based form on an Internet-connected computer. The check transaction data is stored in the LinkPoint Secure Payment Gateway for processing, and the merchant's online reports are updated in real time.