Duluth-Area Credit Union Opts for In-House Check Solution from ACOM Financial Documents Division; Provides Member Checkbooks Faster, At Lower Cost
DULUTH, Minnesota, (ContentDesk) August 5, 2005 -- Duluth Teachers Credit Union, a $58 million-asset institution founded in 1933 to serve the financial needs of the community's education community, has installed an ACOM in-house check printing solution that enables it to deliver high quality member checks at low cost in one day, on a normal schedule, or mere minutes in an emergency situation, it was announced by Credit Union President John Westlund and ACOM Vice President Mark Firmin.The credit union's headquarters are Duluth, where it also maintains a branch in the Kenwood Shopping Center and participates in a shared services center in the Miller Hill Mall. The institution was educator-based until 2004, when it converted to a community-chartered credit union authorized to accept as members any individuals living in or connected to the community. Growth has increased substantially since the change was made and the credit union serves a current membership of 7,800, Westlund said.The acquisition of the ACOM in-house checks system was motivated by the deteriorating quality and correspondingly higher prices of checks the institution obtained for its members from its previous vendor, Liberty Enterprises, Inc., he said. Liberty was recently acquired by John H. Harland Company, Atlanta.
The ACOM solution consists of a PC, check processing software, a MICR-enhanced laser printer, and trimming and binding equipment. Checks are generated as the member orders are placed and each order takes just a few minutes, entry-to-delivery."We have about 3,600 checking accounts and the number is growing rapidly," Westlund said. "Cost is an important factor because we offer several free check programs, among them one for the one-third of our checking accounts held by members 55 and older. We also provide first-check orders free to new accounts, which we open at a rate of 30-50 per month. Checks can become a significant cost factor."The ACOM solution halves this cost, he said, entailing only the cost of paper, supplies and minimal employee resources -- two part-time employees who also have other duties.
Checks to general membership are priced at $11.40, with postage added for the few members who choose to have them mailed."The Liberty check stock had gotten thin, and the copies were virtually tissue," Westlund said. "Conversely, the ACOM checks and copies have a substantial feel that members like. Essentially, the product sells itself and we encounter no resistance when we convert members automatically to in-house checks. They like the quality, they like the price, and the checks enhance our image with members because it shows them that we're looking out for them."Westlund discovered the ACOM in-house checks solution in a credit union magazine article about an application at the Superior Iron Range Credit Union. He contacted the CEO, arranged to see the solution in operation, and was sold immediately, he said.About ACOM Solutions:ACOM Solutions Financial Documents Division is the premier developer and marketer of check and financial document production solutions that enable financial institutions to streamline front office and back office check and financial document production activities, and to create and fulfill customer check orders and reorders in-house versus outsourcing to commercial check vendors.
ACOM Solutions, Inc. is a multidivisional, international developer and marketer of conventional and e-business solutions that integrate with enterprise applications to enhance back office and B2B processes for electronic, Internet and paper-based commerce. For more information, contact ACOM Solutions Financial Documents Division at 3305 Breckinridge Blvd, Suite 130, Duluth, GA 30096; telephone 770-279-8955; Web: www.inhousechecks.com. CONTACT: Maribell Buchanan770-279-8955.
PreCharge Risk Management Solutions Announces Strategic Partnership With Merchant 911
NEW YORK, NY (ContentDesk) August 9, 2004 -- The partnership between preCharge and Merchant911 will allow both services to more quickly and efficiently identify fraudulent activity online, affording merchants the peace of mind that comes with access to the most comprehensive information currently available."The reality is that the merchant is always held responsible for credit card fraud. The acquirer isn't responsible, neither is the issuer, or the processor. The buck always stops with the merchant, " said Tom Mahoney, Founder and Managing Director for Merchant 911.For less than the cost of 1 chargeback, merchants can now protect themselves against chargeback activity in a way that has never possible before. With over 100 comprehensive checks and cross checks, the preCharge system provides the most comprehensive credit card transaction screening process ever created."The preCharge system was designed with the small business in mind," says Alex Corral, Director of Technology for preCharge...
PreCharge Risk Management Solutions Announces Strategic Partnership With Merchant 911
Checks > PreCharge Risk Management Solutions Announces Strategic Partnership With Merchant 911
Merchant Account Payment Gateway FastCharge.com Offers Telephone Credit Card Procesing via The Internet
SPOKANE, Wash (ContentDesk) November 21, 2005 -- The Fast Charge Payment Gateway" -- a credit card processing payment gateway and Internet merchant service company has launched telephone credit card processing through their payment gateway. The payment by phone service allows merchants to process credit cards and checks via any touch tone phone without paying voice authorization surcharges. Merchants with any questions can contact Fast Charge at 1-800-459-0625.Payment gateway telephone processing allows a merchant to process a credit card in real time by calling a toll free number and entering their Fastcharge issued ID. The Fastcharge payment gateway (www.fastcharge.com) connects the merchants account with their processor and processes the transaction as a live credit card transaction and not as a voice authorization.Telephone Payment Processing is perfect for mobile merchants such as food delivery or flea market vendors without...
Merchant Account Payment Gateway FastCharge.com Offers Telephone Credit Card Procesing via The Internet
Checks > Merchant Account Payment Gateway FastCharge.com Offers Telephone Credit Card Procesing via The Internet
Internet Merchant Accounts
An Internet merchant account can help you use and accept all modes of payment, such as credit, debit, and EBT. Today, many people use credit cards and electronic checks to pay for goods. People use them everywhere, especially online. In other words, to conduct a transaction on the World Wide Web, one does need to have a credit card or a bank account.
If you are a business proprietor then you cannot operate on the Internet unless you accept these forms of payment.
You need to set up a certain infrastructure to be able to accept these various forms of payments, which is where an Internet merchant account comes into play.
Processing all forms of payment is good for business since it increases a merchant's consumer base. An Internet merchant account not only allows the business owner to accept major credit cards and personal checks, but also allows them to process the payments in a risk-free, secure way. In an electronic environment, the...
Checks > Internet Merchant Accounts
Can Your Customers Pay By Electronic Check?
What's the Real Story About Electronic Checks? Accepting electronic checks is essential to any business, and should not be overlooked. As many as 20% of America Online, Prodigy, and CompuServe users pay for their internet access by electronic check. Are you curious about how some web-sites take checks? Have you ever paid your electric bill or cable TV bill by check over the phone? Have you paid your doctor, dentist or insurance company this way? Many of these businesses and individuals are using popular software called CheckWriter to make this possible. CheckWriter is a stand alone software program that allows anyone to accept checks as payment over the phone, by fax or at any web-site. These check drafts can be deposited into any U.S.
bank account the same day. CheckWriter runs on a Windows 95/98 operating systems. Using a laser, ink-jet or bubble jet printer and a piece of Federal Reserve regulation check paper, the user can create a draft of the check that can be immediately...
Can Your Customers Pay By Electronic Check?
Checks > Can Your Customers Pay By Electronic Check?