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Table of Contents

Lead Story

Looking ahead, moving forward

News

Industry Update

Tie vote curtails online gambling amendment

Visa brings relief to the pump

Trillions predicted for self-service kiosks

Heartland crowned best in sales

Chase gives merchants a heads up

AmEx to get doozie of a settlement

Features

Scammers on the hook: Q&A with the FTC

PCI for the little guy

Understanding Credit Card Interchange Fees in
Card-Not-Present Environments

Michael E. Shatz

ISOMetrics:

Views

Selling on spouse power

Biff Matthews
CardWare International

Building business at the curb

Bulent Ozayaz
VeriFone

Placed any ATMs lately?

Ray Varcho
WRG Services Inc.

Exit portfolio, many offramps

Adam Atlas
Attorney at Law

Education

Street SmartsSM:
The sky is falling if you believe it is

Jason Felts
Advanced Merchant Services

Exit portfolio, many offramps

Adam Atlas
Attorney at Law

Merchants don't bail on added value

Christian Murray
Global eTelecom Inc.

Expert adviser: Value add incarnate

Daniel Wadleigh
Marketing Consultant

The corps of explosive growth

Curt Hensley
CSH Consulting

Change, a rewarding discomfort

Jeff Fortney
Clearent LLC

Exit portfolio, many offramps

Adam Atlas
Attorney at Law

Expert adviser: Value add incarnate

Daniel Wadleigh
Marketing Consultant

The corps of explosive growth

Curt Hensley
CSH Consulting

Change, a rewarding discomfort

Jeff Fortney
Clearent LLC

Company Profile

SIA Enterprises LLC

New Products

Swipe, print, done

P25-M Portable Thermal Receipt Printer
Blue Bamboo

Check ease in the back office

EZDeposit
Company: EZCheck

Inspiration

P-R-E-P that portfolio

Miscellaneous

POScript

Departments

Forum

Resource Guide

Datebook

Skyscraper Ad

The Green Sheet Online Edition

July 14, 2008  •  Issue 08:07:01

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New Products

Check ease in the back office

Product: EZDeposit

With 24 million businesses in the United States and only about 1 percent employing remote deposit capture to electronically enhance check processing, the vertical market for RDC is wide open.

Houston-based EZCheck launched EZDeposit for the remaining 98-plus percent small and mid-sized businesses that still handle paper checks the old fashioned way.

EZDeposit allows merchants to process and deposit checks via personal computer from the comfort of their back offices, never having to physically take the checks to their banks.

EZDeposit comes in two formats: single-feed and high-volume batch solutions. The single-feed solution is for businesses that receive a small amount of checks, fewer than around 30 per day.

For merchants who receive more than that on a daily basis, the high-volume batch solution is ideal; up to 90 checks can be placed on a tray and run through high-speed imagers manufactured by Panini North America Inc. or Digital Check Corp. The checks are read and imaged in little more than a minute.

In both solutions, the imagers read the checks front and back. The high-volume solution also provides technology to read and import the dollar amounts off each check.

The benefits of EZDeposit include:

Don Singer, Senior Vice President at EZCheck, said potential for implementation of RDC among small and mid-sized merchants exists because banks do not cater to that market.

Singer said EZDeposit is tailored toward those merchants, unlike the banks' RDC services for large merchants. "What the banks initially rolled out to their customers, they said, 'OK, here's the software. You image all your checks straight to me, your bank,'" he said.

"And what we had to build was a system that could go to any bank."

EZDeposit is unique in that "we don't care who the merchant's bank is, we'll image the check, build that image file and then we'll settle it to their bank for them, whoever their bank is," Singer said.

EZCheck's reseller agents receive buy rates on service fees and transaction fees for the accounts. Any revenue over the buy rate EZCheck pays to agents.

EZCheck
800-797-5302
www.ezchk.com

Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.

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Spotlight Innovators:

North American Bancard | Harbortouch | USAePay | IRISCRM.COM | Humboldt Merchant Services