SOURCE: iSmartCheck

iSmartCheck

February 10, 2011 11:26 ET

iSmartCheck Launches Electronic Check Processing System Aimed at the C.O.D. Business to Business Market

Better Cash Flow, Increased Security and Real Time Reporting Cited as Key Values to New Clients

LOS ANGELES, CA--(Marketwire - February 10, 2011) - iSmartCheck, an electronic transaction processor and provider of alternative payment solutions, today announced that is has launched an electronic check (eCheck) system that is being targeted at the Cash on Delivery (C.O.D.) businesses.

The Company rolled out a system that is designed to work with businesses that are selling to other businesses (B2B), are currently receiving payments on a C.O.D. basis and want to migrate to electronic checks.

Some of the reasons that clients have for moving from paper to their Check 21 Electronic System include:

1. Better Cash Flow
2. Instant review and control of funds before shipping
3. Real Time Reporting
4. Reduced NSF and Collections
5. Better Security
6. Better Efficiency
7. Environmental Sustainability

As an example, iSmartCheck clients are able to increase their cash flow and receive funds the very next morning into their bank account versus three to five days later with the old method of collecting checks and depositing them into the bank manually.

A Company spokesperson commented, "Our licensed Check 21 solution offers the fastest, safest and most cost effective way to process electronic payments from an expanding customer base, and is experiencing rapid growth in the growing eCommerce and Payments industries."

About

iSmartCheck™ is an electronic check processor that provides merchants and businesses a better alternative to paper checks, ACH and expensive credit card interchange fees. eChecks processed on the iSmartCheck™ system are typically accepted in 1 to 3 seconds and clear the same day or overnight. The Company's licensed software is more secure than typical payment methods and has been designed to be easy to use by merchants and customers alike. Please visit www.iSmartCheck.com

Contact Information

  • Kathryn Kozak
    Director of Operations
    Email Contact
    Phone: 310.744.5279