Equifax announced that its Check Solutions unit has formed an alliance with Intell-A-Check Corporation that will enable e-tailers to provide their customers the convenience of paying by check securely and efficiently online. This alliance gives the consumer and merchant a complete one-stop check payment solution, including identity verification, a one to three second check approval (equal to credit card approval times) and creation of a check draft or an Automated Clearing House file for final settlement.
“Equifax PayNet Secure along with Intell-A-Check’s check settlement software will enable consumers to pay by check online using secure socket layer technology, never once touching their pen to a check,” says Jeff Carbiener, general manager Equifax Check Solutions. “E-tailers and other direct marketing companies can reach more customers who prefer to pay by check without compromising their security.”
The Intell-A-Check software solution is a powerful, sophisticated check writing program designed to allow a company to create drafts drawn on a client’s account for both business-to-business and consumer-to-business transactions. These drafts can either be printed or output as an ACH file suitable for sending directly to the company’s bank.
In addition to Internet transactions, Equifax and Intell-A-Check will be able to offer mail order companies, telephone order operations and other faceless, signatureless transaction environments a viable solution for accepting checks without the fear of loss. “Intell-A-Check is 100% certified for dial-up and Direct IP for the Internet with multi-transaction or single-transaction capabilities,” said Louis Obssuth, president of Intell-A-Check.
Equifax PayNet Secure gives online shoppers a quick and efficient “shopping cart” experience and offers the online e-tailer the following benefits:
— Industry-leading authentication. Equifax PayNet Secure utilizes Equifax Secure eID Verifier, the most advanced online identity- verification service available.
— Online real-time payment authorization. Transactions will be approved within seconds and orders can be processed and shipped immediately.
— Protection against high-risk check and credit card transactions. Through superior risk models and artificial intelligence technology, fraud is controlled.
“Both Equifax and Intell-A-Check are in the business of providing customer relationship management solutions for their customers and this partnership adds yet another dimension of services and options available to make shopping over any medium a pleasant experience for the consumer,” Carbiener added.
Founded in 1993, Intell-A-Check Corporation is a leader in payment technologies, providing a range of electronic payment solutions to Fortune 1000 organizations, including MCI WorldCom, Comcast Cablevision, Bank of America, Consolidated Edison of New York, Staples Corporation, and GE Capital. Located in Belleville, NJ, the company is a Microsoft Commerce Partner. It’s flagship product, Intell-A-Check!, is a Microsoft BackOffice certified solution that supports a broad range of technology platforms.
Equifax Check Solutions provides check authorization services for over 140,000 merchant locations around the world and last year authorized over $45 billion in checks. Equifax ([http://www.equifax.com] ), a worldwide leader in shaping global commerce, brings buyers and sellers together through its information management, transaction processing and knowledge-based businesses. Atlanta-based Equifax serves the financial services, retail, credit card, telecommunications/utilities, transportation, information technology and healthcare industries and government. Equifax adds knowledge, expertise, convenience and security to provide value-added solutions and processes for its customers wherever they do business, including the Internet and other networks. Equifax employs about 13,000 associates in 17 countries with sales in almost 50 and has $1.8 billion in revenue.