Payroll Check Cashing
PayCheck Accept
Check Cashing is quickly becoming one of the fastest growing segments in the retail industry. According to recent industry studies by Aite Group (March 2007), in the United States, consumers and small businesses cash about $300 Billion in checks annually, with an estimated 20 percent of that coming from supermarkets, 20 percent from check cashers’ outlets, 5 percent from convenience stores, 5 percent via other means and 50 percent from banks.
With PayCheck Accept®, retailers, check cashers, supermarkets, convenience stores, financial institutions and mass merchandisers can now tap into the lucrative market for payroll check cashing and, at the same time, protect their businesses from payroll check fraud. Your business can increase store traffic and revenue while improving customer loyalty – making check cashing a win-win situation for both you and your customers. PayCheck Accept is a real-time authorization system that provides immediate check acceptance decisions through a quick and simple procedure that requires the customer’s check and driver’s license information along with their Social Security number to authenticate identity.
PayCheck Accept® Highlights
- More than 13,000 outlets use Certegy’s PayCheck Accept payroll check-cashing service
- Offers a convenient and secure financial service to the growing “unbanked” and “underbanked” population
- Payroll, government, tax refund, insurance, money orders, cashier and dividend checks cashed
- Plug-and-play service and Web option available; no integration required
- Available in warranty or self-risk solution
- Courtesy counter or in-lane installation
- Increase incremental sales and store traffic
- Generate additional revenue
- Gain efficiency within your store
- Create customer loyalty
