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CrossCheck BankServ Update


CrossCheck and BankServ have announced significant updates to their alliance program, changes designed to amplify their ISOs’ sales potential. The improvements to the CrossCheck BankServ Alliance include better pricing, shorter applications, a new sales bonus, and a shorter claim cycle.

     Effective immediately the CrossCheck BankServ Alliance will be revamped to include the following changes:

1. Shorter applications. The application now contains only four pages of completed information.

2. Free downloads. BankServ completes all the downloads for the terminals at their location, at no charge. Equipment can now be purchased anywhere.

3. New pricing and shorter claim cycle. The new price is:

(a) CrossCheck’s Standard Industry Pricing + .15 for check conversion.

(b) Monthly Minimum and Statement Fee remains unchanged at $30 and $15, respectively.

(c) The new claim cycle is 7 days.

4. A new sales promotion. For every new check conversion sale approved by June 1, 2000, a bonus of $25 is paid to sales reps.

5. Shorter turnaround and more liberal approval process. All merchant setup forms are sent back to CrossCheck within 48 hours from receipt. The approval process has been revamped to generate an increased number of approved applications.

     For more information about the CrossCheck BankServ alliance call (800) 654-2365 or visit

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