Access Payment Systems third generation Virtual Terminal sets the bar in the electronic payments industry.Some of our Services include: Virtual Terminal You can read more about it here at the Digital Transactions website.įor more information on credit cards or any related processing services, Access Payment Systems will gladly help to educate your business or give advice on the current structure you are using. Fraudsters are posing as legitimate telemarketing firms and getting check and banking information from unsuspecting customers and then generating checks to fill their pockets. But, this only works securely if the telemarketer is not a fraudster! This is what the FTC is trying to prevent. The above process makes it easier, faster and a lot more secure for customers as their check never gets in the mail where it can get lost or stolen. This greatly reduces the time it takes for a customer to mail a paper check to the telemarketer or the bill payment service and makes payments faster. The check processor then prints out a paper check with the customers information and clears it through the banking system as a normal check does.
When a customer gives a telemarketer(or bill payment service) their check and banking information over the phone, the telemarketer forwards that information electronically to their check processor. This will hurt some merchant processors as it will greatly reduce a significant source of transactions for them. The FTC is doing so because of high rates of fraud involving remotely created checks. The Federal Trade Commission wants to ban some payment methods that are being used by legitimate telemarketers as well as fraudsters. Remotely created checks may be banned soon because of high cases of fraud
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