Electronic Check Conversion
Approve any bank check instantly through our cutting-edge network.
Turn paper into cash
According to a recent Nilson Report, Americans write more than 167 million checks, accounting for 34% of all consumer noncash purchase payments by 2005, totaling $2.4 trillion.
How does it work? Scan a customer's check using an Prodigy payment system and receive a quick approval that guarantees the check. With this approval Prodigy accepts full responsibility for the payment of the check, you get the cash. The check is automatically deposited into your business checking account.
Merchant's with the Prodigy check conversion and guarantee program save on banking and accounting cost and can significantly reduce losses from bad checks. Accepting checks drives sales up. Using Prodigy Check Clearance drives risk down and cash directly into your account fast.
Save time with electronic check conversion.
- No more time consuming trips to the bank
- No more bank deposit fees
- No more bank NSF fees
- No more lost revenue from bounced checks
- No more lost time trying to collect "bad" checks
Satisfy your customers without risking your business.
Talk to your Prodigy sales rep to choose the best systems for your business.