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| Subject: TeleCheck is a subsidiary of Hackensack, New Jersey-based First Data Corporation | |
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Author: (NYSE:FDC) |
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Date Posted: 00:10:15 02/10/03 Mon TeleCheck helps merchants eliminate the risk of bad checks by providing access to the industry's largest and most accurately maintained data bases and risk management systems. With TeleCheck, subscribers can accept checks and build business by offering a liberal check acceptance policy. TeleCheck subscribers include department, clothing, grocery stores, restaurants, hotels, airlines, financial institutions, and automobile dealerships, to name specific industry applications. TeleCheck offers specialized services to meet the needs of each of these industries. TeleCheck's products can be used separately or in a combination specifically designed to meet individual needs. TeleCheck's check guarantee service reduces the risk of accepting checks by buying from the subscriber, up to a pre-established amount, any check that is returned by the bank, providing TeleCheck's simple procedures have been followed. Check verification, geared to the large-volume retailer, or other large-volume subscriber, enables the merchant to assume the risk of making the check acceptance decision through access to TeleCheck's data base and risk management systems. TeleCheck's risk management systems can predict with unmatched accuracy the probability of a check being good through evaluation of more than 20 relevant variables, including type of merchandise, check number and time of day. TeleCheck's recovery service is one of the most effective in the industry today through its advanced collection systems and predictive dialing tools. TeleCheck offers point-of-sale authorization equipment and maintenance for check and credit card authorizations. TeleCheck's AcceleraTM integrates a check reader into a point-of-sale terminal and quickly and easily processes both checks and credit cards through one terminal and one provider. TeleCheck's advanced data processing capabilities link subscriber transactions to the company's authorization center, processing up to 150 transactions per second in peak periods. TeleCheck is a subsidiary of Hackensack, New Jersey-based First Data Corporation (NYSE:FDC). First Data Corporation and its business units, provide payment systems, electronic commerce and information management services to financial institutions, merchants, insurance companies, health care providers, government agencies, public utilities and consumers around the world. TeleCheck is a subsidiary of Hackensack, New Jersey-based First Data Corporation (NYSE:FDC). Name: Sabretoothed Location: Melbourne, Vic Australia Date: 2/10/03 5:28:40 PM Subject: Michael Irish re $200 billion in USA Comments: One of the main problems is convincing people to use a method of payment that is different to cash or cheque or credit or debit card and that will save them time and money in so doing. Most other payment methods are more cumbersome than cash or cheque or credit or debit card, or just as cumbersome. In the UK for instance, most banks do not charge you for writing cheques. Many people use a cheque and a cheque guarantee function via their debit card for payment. In the US, cheques are used much more than in Australia for everyday purchases. They have a system called Telecheque to check for funds in the account - we have it here but no one really uses it as hardly anyone here uses cheque in retail stores. So there has to be some demonstrable reason why people might switch payment methods for ones they already know. [ Next Thread | Previous Thread | Next Message | Previous Message ] |
| Subject | Author | Date |
| Re:for the retailer Limited Brands IncJanuary 14, 2003 | provide check verification and recovery | 00:17:28 02/10/03 Mon |
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