ACH Processing

Most of us pay bills, transfer funds, or purchase goods using checks or credit and debit cards. However, there is a huge number of people who are either reluctant to use credit cards online, or just probably don’t have any. Of course, you can always pay through checks, but then again, some people find it too much of annoyance to use them. And understandably so since paying with checks would often times require you to mail them, where for some unknown reasons, they are sometimes mishandled by mail service handlers and the checks end up being lost.

Well, if you are one of the people looking for better ways to pay bills, or more reliable ways to pay for goods or services you purchase online, then you might be interested in trying to pay through ACH processing.   ACH processing is a safe and secure way of making online payments through an automated clearing house (ACH) network. Paying through ACH processing has a lot of advantages since it prevents errors and even accelerates processing of payments, while only needing fewer resources.
Many businesses the world over are choosing ACH processing as their preferred option to receive payments from customers. This is because ACH processing is fast and secure. Advantages of this payment option for business include eliminating the need to forward checks to banks or waiting for the checks to be cleared. This allows the receipt of money faster and more reliable. 

Aside from businesses, many customers all over the world also pick ACH processing as their chosen payment option because, aside from being fast and secure, ACH processing eliminates the need to write checks manually while also allowing the processing of credit and debit card payments electronically (these payments are credited to a merchant’s bank account).

One of the fastest rising ACH processing providers today is Check-Care.com .  Check-Care.com provides secure payment processing solutions for business all over the world, and ACH processing is just one of the services they provide.   Aside from ACH processing, they also offer businesses and customers other secure payment options that allow them to make transactions online in very secure ways. With the service Check-Care.com provides, businesses and customers are able to receive or make payments for goods, products or services online, fast and hassle-free.

So, whether you are a businesses looking for better ways to receive payments or a customer looking for better ways to make payments, you should consider the secure and fast way of making transactions through ACH processing. check processing

5 Practical Tips For Dealing With IRS Back Taxes

Tip #1: Deal With Your IRS Tax Problems Today!


The ostrich approach to dealing with IRS back tax problems simply does not work. If they are calling you or writing you letters, a taxpayer’s IRS tax problems will only worsen if they do not deal with them immediately. IRS designed their collection actions to become increasingly severe over time. Phone calls and letters eventually lead to wage garnishments, bank levies and tax liens. Even if you cannot pay your tax liability you still need to address it today with delay. Penalties and interest continue to accrue on a daily on the tax liability and delaying only compounds the problem.
Tip #2: File Back Tax Returns Immediately!


The IRS will not agree to a settlement until the taxpayer files all unfiled tax returns. Taxpayers often neglect to file the back tax return because they don’t have the money to pay back taxes owed. A taxpayer should always file a tax return even if they cannot pay the tax liability. The penalties for failure to file tax returns are among the highest the IRS imposes. Finally, filing your back tax returns can lead to significant savings on your overall tax liability.
Tip #3: Pay Back Taxes First!


The IRS is the most powerful collection agency on earth. The law protects taxpayers to a greater degree from creditors than it does from the IRS. If faced with the prospect of owing several creditors at the same time, the taxpayer should always choose to pay their IRS tax liability first. The IRS uses collection tools such as a wage garnishment or a bank levy and others. These actions can be financially crippling. A good IRS tax consultant has experience in debt management analysis. Good debt management can lead to significant savings on a the tax liability and on other debt as well
Tip #4: Pay An IRS Tax Liability With A Credit Line!


There are many good reasons for using a credit line to paying back tax debt owed:
For example, credit line interest may be lower than IRS interest & penalties.
Also, the cash flow from a credit line can fund some kinds of tax debt settlement.
Finally, a credit lender is easier to deal with than the IRS.


Essentially the taxpayer is converting a tax liability into personal credit. An IRS tax consultant, experienced in this analysis, can assess the chances of success.
Tip #5: Hire An IRS Tax Consultant!


A taxpayer should not try to handle their own IRS tax problem case. An experienced IRS tax consultant, like a U.S. Treasury Appointed Enrolled Agent or a Tax Attorney, is the best choice to deal with the complexities surrounding a taxpayer’s IRS tax problems. They can predetermine a taxpayer’s chances of success in an IRS tax relief program such as Offer in Compromise or penalty or interest abatement.






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Fighting Against Fraud

There is no quick fix to prevent fraud. A holistic approach in addressing motivators, prevention, detection and response, is imperative. Too often, companies invest in initiatives in isolation, resulting in ineffectiveness and a false sense of security.

Prevention

Prevention initiatives include:

• Processes: Screening and employment practices relating to new personnel and due diligence over prospective business partners;

• Policies: The Code of Ethics provides a clear guideline to stakeholders of ethical standards and policies outlining the expected behaviour within the workplace or in dealing with the company;
 

• Procedures: Authorisation, accountability and oversight of processes;

• Systems: Data mining may highlight ineffective processes, as well as incomplete or inaccurate data;
 

• Education and training: Too often, employees do not know what to look for and when they do have reason to be suspicious, they do not know how to respond.


Performing fraud risk assessments and prioritising remedial action with a fraud risk profile is imperative in managing the risk of one or more events. The results of the fraud risk assessment should be incorporated with enterprise risk management and internal audit plans. Likewise, these broader risk management initiatives should include an adequate review of fraud risk within the organisation.

 

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Protect yourself when accepting payments

While people today may think that something like credit card and check fraud is a thing of the past, actually the opposite is true. With more and more users and more and more opportunities for breeches of the system, consumers are more vulnerable now than ever before in history. Because of the prevalence of electronic funds transfers and because paper money has fast become a thing of the past, we need to stay more vigilant than ever.

Check verification transactions are one of the safest ways for businesses to avoid fraud that accompanies electronic processing. Making sure that funds are available before the charge goes through is easy for businesses to do, especially with the technology that’s available today.

CheckCare offers check verification, Visa and Mastercard processing, online payment processing, and more. Learn more by visiting our website.

Merry Christmas from CheckCare

CheckCare would like to take a minute to show our appreciation to our customers. From our family to yours, Merry Christmas!
We value your relationship and are grateful for your business. We’re glad you decided to put your trust in us for your online payment processing, check verification, and check processing needs.

We look forward to servicing you throughout 2012 and beyond.

If you’re looking for more information on one of the services listed above, we encourage you to check out our website. You’ll find detailed information on all of our services as well as opportunities to contact us for more information.

We hope you have a great holiday season and a successful 2012.

Is accepting checks worth the risk? Ways you can prevent check fraud

Payment options for businesses run the gamut, from cash to credit cards and paper checks. Because of this kind of payment diversity, businesses use online bill payment services to manage and verify their payment accounting systems.

While cash is still a popular form of payment, customers generally prefer credit cards or checks for the extra safeguards and record tracking that they provide. Vendors usually opt to accept checks that are either mailed in or submitted electronically through an online bill payment company. There are, however, some considerations for business owners when it comes to accepting checks as a form of payment.

Check Payment Statistics

According to the Federal Reserve, most check transactions do not exceed much over one thousand dollars. In Federal Reserve non-cash payment studies, the volume of check payments has steadily declined. In 2006, for example, only 31% of U.S. transactions were paid using checks.

In contrast, online bill payment through check e-payment services has risen on average by approximately 18.7% annually over the last four years. The average check payment was at approximately $1,366 in 2007. It is estimated that in 2009, over 17.9 billion check payment transactions were completed.

Avoiding Check Fraud

Companies that decide to include check payment as an option for customers should consider the following safety measures to prevent fraudulent transactions from occurring.

• Post your company’s check acceptance policy visibly at the checkout location. Use clear language to describe whether they are not accepted, or that a form of photo ID and signature verification is required.

• Evaluate checks carefully and examine them for watermarks, text, and smudges and torn sides—all of which can be a red flag. Always compare check information with the customer ID, including the signature. If you suspect any form unauthenticity, you can politely decline to accept the check.

• Enlist the services of a check guarantee service which could be considered a form of “check insurance.” Online bill payment services often include check verification as part of their portfolio of services.

• Ensure that the online bill payment service includes optional check conversion for the merchant account. This allows for checks to be processed almost in the same way as credit card transactions are handled. The nominal fees are minimal compared to the losses attached to check fraud. Check conversion not only protects against fraud, but transactions should be faster and time will be saved by eliminating visits to the bank.

If you’re interested in learning more about our check verification services and other ways CheckCare helps to prevent fraud, check out our website or contact us today.