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Innovative Payment Solutions
When you write out a check tomorrow, chances are you will never see that check again. That’s because your bank may never get the actual check you wrote. Instead of your original check, you may see what’s called a “substitute check,” that is, a copy of your original check.
In 2004 the U.S. government passed a law that brought check payment methods into the 21st century. Known as Check 21, this payment standard was designed to address the logistical issues
and clearing times associated with the daily transportation of physical checks between banks. The sheer number of checks being transported on a daily basis was growing exponentially creating a system that was no longer efficient. Check 21 is viewed as a way to make check processing easier and less expensive for the financial industry.
Building on the Check 21 standard, CheckSavers has developed
online technologies to bring you a significant step closer
to a near perfect payment system. CheckSavers' years of
experience in the Payment Industry coupled with our use of an exclusive
Check-21 technology, not available elsewhere, delivers the
perfect solution combining a payment method that has stood the
test of time with the emerging technologies of the 21st century.
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Some of the
many benefits of CheckSavers...
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CheckSavers works with
all domestic US banks. No matter where in the USA you
bank, CheckSavers is right for you.
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No Monthly or Annual fees. |
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No Minimum/Maximum Transaction Amounts* |
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CheckSavers does NOT
disclose your personal financial data to any party. Your
privacy is assured with us. |
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Payments made using this
system,
only clear from an account when the check produced is
deposited into the relevant bank and not before – unlike other
check products, credit or debit cards. |
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Schedule one time or
recurring payments in advance. |
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 CheckSavers full audit
trail tells you exactly what was paid, when it was paid
and the notes section against each payment ensures that
you have full accountability. |
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The low cost of
CheckSavers makes it pay for itself quickly. |
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Download your
transactions into your personal or corporate financial software. |
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Maximum transaction amounts may be subject to
authorization in order to ensure the security of user
against fraudulent transactions, and to protect users from
suffering unnecessary loss. |
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