How it works:
Customer writes check
Clerk accepts check, reviews it, writes the necessary information
Check is read by our check reader terminal.
Magnetic account information is verified electronically for authorization
Customer signs receipt just like a credit card
Check is given back to the customer
Image is stored electronically
Funds are automatically deposited to the merchant account

Our Electronic Conversion Package Includes These Services:

Disputed Stop Payment Premium
With this premium, you’ll have the protection you need against Stop Payment returns, even when your customer disputes the quality of the product or service you offer.

Business Checks
This feature gives you the flexibility you need to accept checks from business customers, enabling your company to become a leading business-to-business provider.

Billions of checks are written each year for trillions of dollars.
Checks remain a favorite way to pay, even with emerging technologies and multiple choices available to US consumers.  According to a recent study by the Federal Reserve System, over 36.7 billion checks were written in 2003, making checks the largest single noncash payment method.  The value of these check transactions exceed $39.3 trillion dollars.

Millions of checks are returned each year unpaid.
The study estimated that 189 million checks were returned unpaid in 2003.  The value of these checks exceeded $142.5 billion.  Almost $400 million is returned unpaid each day!

How do checks compare?

The average value of a check transaction is $1070.
The average value of a returned check is $756.
The average value of a debit transaction is $40.

Checks make up the largest single share of noncash payment transactions.

Electronic Check Guarantee

Accept all checks without taking the risk!  With M.A.I Check Guarantee system you will be able to accept Out-of-Town Checks, Checks from new customers, Accept Checks even when the bank is closed, or when no one of authority is available to verify the funds in the customers account for the check. Have the relief of knowing that the check will be electronically verified by E-Chex against a customer database of check writers.

Benefits of M.A.I's Check Guarantee:
• Simplified point of sale procedures
• No trips to the bank to deposit checkss
• Accept and process checks like credit cards
• Faster availability of funds
• No more collection hassles
• Once you receive approval at the terminal, the check is guaranteed