InterceptEFT: EFT for Payday Advance/Check Cashing Companies

Lessen the risks associated with cashing checks. Protect your organization's cash flow. Gain new options for collecting on returned checks.

InterceptEFT offers several services to improve check verification, fraud prevention, returned items and reporting options. We will help your organization realize the benefits of electronic transaction processing and reporting.

Receive Timely Check Verification Data

InterceptEFT's Account Information Request (AIR) service provides valuable and instant check verification data. AIR provides access to a Negative Database that verifies negative information about a specific bank account such as NSFs, closed accounts, frozen accounts and related data. Timely data will help determine whether to approve or deny a request.

Targeted: Check specific routing and account numbers against InterceptEFT's proprietary returned item database.
Thorough: Use full verification to submit transaction details to a national database.
Straight-Forward: Pay fees only when positive queries are produced against the Negative Database.
Flexible: Use InterceptEFT's AIR services regardless of whether InterceptEFT processes transactions.

Electronically Collect on Non-Sufficient Funds

With InterceptEFT, you gain a new option for collecting on checks returned for Non-Sufficient Funds (NSF). Using ACH allows you to electronically convert and re-present checks that have been returned for insufficient/uncollected funds. You control the timing of the representment.

Successful: Improve collection rates by as much as 85%.
Cost-Effective: Reduce costs and increase collection rates compared to representment of paper checks.
Accurate: Decrease guesswork and know whether your representment was successful.
Current: Submit timely updates to customer negative file records in check verification systems.

We have delivered comprehensive, hassle-free electronic transactions for nearly 15 years. Learn more about InterceptEFT.

InterceptEFT will streamline your process so you can accomplishmore and stressless.

Updated 05/10/2011