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AIRCHARGED With Wireless Check Conversion and Guarantee

Company: World Products Inc./AIRCHARGE

For many mobile merchants who run their businesses on the go, accepting checks at the point of sale is a payment method that's been more trouble than it's worth.

Customers have burned them with bad checks; they've lost checks; they can never seem to get to the bank before it closes; or the funds aren't posted to their account in a timely manner.

AIRCHARGE, the company that has brought you wireless credit card processing over Nextel's network, now offers you a wireless check conversion and guarantee solution called AIRCHECKZ for your mobile merchants.

AIRCHECKZ is an electronic check conversion application offering payment guarantee. It converts a paper-based check to an electronic transaction at the point-of-sale.

Here's how it works: Merchants launch the AIRCHECKZ software application and then select "process check." They insert a paper check into a check reader that is attached to a Nextel handset. Using the handset, merchants enter (whether through swiping or manual entry) the customer's driver's license number and the amount of the check.

The data are sent over Nextel's network to the check conversion provider for approval. If the check is approved, the customer signs a receipt and receives a copy of the receipt and his or her original check back. If the check is declined, merchants can ask for an alternate form of payment. This eliminates the possibility of them accepting a bad check.

Some of the benefits of using this type of mobile solution for check processing are:

Checks are automatically deposited into the merchant's account; there's no need to make a trip to the bank for a deposit every day; it eliminates the risk of a check being lost or stolen before it's deposited; electronic check conversion is faster than a check being processed in paper form, among others.

If your merchant customers are already using AIRCHARGE's solution for wireless credit card processing, selling them this wireless check processing solution may be easier than you think: Merchants can use the same equipment and merchant account for check processing that they use for accepting credit cards.

However, electronic check conversion and guarantee are only available for personal checks; business checks are limited to the check guarantee solution.

eProcessingNetwork LLC serves as the gateway for both AIRCHARGE and AIRCHECKZ.

AIRCHARGE offers mobile printers and check readers compatible with Nextel handsets. For more information, visit the company's Web site.

World Products Inc./AIRCHARGE
5465 W Grand Ave, Suite 100
Gurnee, IL 60031

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