Although contactless payment technology is gaining traction with each passing day, checks are still used in many industries as a popular payment mechanism. If many of your customers prefer to pay you through checks, maybe investing in a check reader is something you should consider.
Also referred to as check scanners, readers come in a diverse array of models, speeds, and sizes, and offer a variety of different features to choose from. So, whether you run a small startup, or a large enterprise, it’s easy to find a check reader that perfectly suits your requirements.
Read on to learn about the benefits of using a check reader.
If you stop and think about the time and resources you spend in manually entering data, photocopying checks manually organizing and storing data, and standing in queues at the bank to deposit, you realize that enterprise isn’t as productive as it could be. And the higher the number of checks that have to be processed manually, the more your productivity of your business suffers.
A check reader, however, removes the need for all these tedious and time-consuming tasks, thus improving operational efficiency. A check reader can process hundreds of checks in a minute, which saves you a ton of time.
A check reader also eliminated the need to physically visit the bank for depositing checks. You just use the device to scan the checks, before you sending them off to your bank. In just a matter of minutes all your checks have been deposited, and since you don’t have to take them anywhere to be verified, you receive your funds quicker. Depositing remotely is secure, easy, and quick.
In addition to being handled be fewer people, e-checks are also verified against databases for individuals and organizations that have a history of fraudulent activity. This significantly decreases the risk of getting scammed. Moreover, the authentication of electronic checks is also verified using digital signatures and public key cryptography to confirm that the provider has the authority to send checks from the account in question. Last but not the least, e-checks are verified for duplication and automatically encrypted.
UIC is considered one of the leading specialists of contactless payment solutions in the United States. From transport to retail, a variety of clients depends on our robust, innovative products, including semi-integrated payment devices, windows touchscreen POS systems, and more. Get in touch with us today to learn more about the secure payment solutions we offer.