AMG - Worldwide: Merchant Credit Card Processing Services

Overview

Electronic Check Conversion will let you broaden your check acceptance options with confidence. In transactions ranging from accepting out-of-state checks to accepting large check amounts, Cynergy’s Electronic Check Conversion lets you broaden your options with assurance, giving you more time to focus on your business and your customers. Save time, add convenience and reduce risk with Electronic Check Conversion.

89% of U.S. adults have a checking account
86% of all business payments are by check
23% of households do not have a credit card
45% of all credit card holders are within 5% of their credit limit
83% of all consumer bills are paid by check
80% of all non-cash payments are by check
10 million households without credit cards are online
74.6 million Internet check transactions in 2001
233 million Internet check transactions in 2002
Over 520 million Internet check transactions in the first 3 quarters of 2004.
That's up 70 million from 2003.

(The statistics quoted above were gathered from NACHA and the U.S. Federal Reserve )

• Increase sales by accepting all types of checks including out of state checks
• Decrease bad checks or even Eliminate bad checks
• NSF checks are automatically resubmitted electronically 2 additional times
• Faster availability of funds
• Eliminate NSF and deposit fees from local bank
• Eliminate the sorting and depositing of paper checks
• Process is simple to use because it mirrors a credit card transaction
• No paper claims file for bad checks
• Detailed online reporting available
• Security of being able to accept checks safely from anywhere in the United States provided all guidelines are followed.
• Provides full purchase of any returned check.
• Eliminates the cost of collection on dishonored checks.

This electronic process saves time and gives you an added convenience and security by allowing hassle free transactions and reduced risks of checks returned for Non-Sufficient Funds (NSF). Cynergy Data's Electronic Check Conversion also comes with a guarantee: checks submitted through our check conversion system will be electronically deposited directly into your checking account within 48 hours.

The bottomline is that Checks are the largest non-cash payment method for consumers today! Even credit card companies depend on checks for bill payment.

Check Guarantee

The Check Guarantee Program by AMG is really the best program available on the market today for merchants who want to utilize check processing. Especially if the merchant accepts a lot of checks from a lot of people you just don't know.

Merchants can Accept & Process checks similar to a credit card transaction, and it's Guaranteed.

Enables merchants to Accept and Process Checks similar to a credit card transaction. It also works in almost the same exact way as well. For this program, the check writer will need to be at the Store Location to make this a Face-to-Face transaction. The check would read in the amount of the transaction and be written out to the merchant.

Step-By-Step

1. Merchant will swipe check through a check reader and input driver’s license # and amount of sale.
2. If transaction is approved a duplicate receipt will print and consumer completes receipt.
3. The check is stamped “ACH Processed” and check along with the receipt
are handed back to the consumer.
4. AMG will fund the merchant on transaction in 48-72 hours – similar to a credit card. (Consumer still experiences a 2 day float)
5. Merchant will not be charged back for any returned checks. (As long as
proper procedures were followed)

What is Guaranteed and how?

Each and every transaction that a check is written. AMG funds the merchant with their own money, before they know if the check has cleared. AMG will call the merchant and ask for a copy of the signed receipt. (see right) If the merchant is using a check imager, they will simply use the data on the check image, without having to call the merchant. Merchant is still required to obtain required info and keep the receipt on file. If the check does not clear, AMG is responsible for collecting the funds from the check writer (As long as merchant follows requirements).

Check Verification

The Check Verification Program by AMG is almost the exact same as the Check Guarantee Program with one exception. The merchant will still be funded for transactions that are approved and clear the ACH Network. However, transactions that do NOT clear the Network will NOT be guaranteed by AMG. These transactions will still be done face-to-face as well as the check being handed back to the customer. Since the risk is a bit more greater than the Guaranteed Program, the cost comes down some, albeit a Check Reading Terminal is still required.

Is it worth the risk? Only you can tell, it's your business.

Step-By-Step

1. Merchant will swipe check through a check imager or reader and input driver’s license # and amount of sale.
2. If transaction is approved a duplicate receipt will print and customer completes receipt.
3. The check is stamped “ACH Processed” and check along with the receipt are handed back to the consumer.
4. Check Processing Company will fund merchant on transaction in 72 hours.
5. Merchant will not be funded on checks that do not clear the ACH network or are returned.

Check Conversion

The Check Conversion Program is really the simpliest and most cost efficient of the Check Programs that are offered by AMG. While this program may be the most cost efficient, it lacks some of the luster as some of the other programs have. With this program, the merchant is required to do alittle more work for transactions to be deposited correctly and in a timely manner.

With this Check Processing Program, a Check Reader is NOT required but it most certainly does help. Also, with this program, merchants and their employees need to be more cautious of check-givers as compared to the other programs which are a bit more leniant.

Step-By-Step

1. Merchant will key in check information and driver’s license # and amount of sale.
(Merchant has option of using a check reader to read check)
2. Terminal will dial out and issue a decline or approval.
3. If approved, merchant will write all required information on paper check.
(see instruction guide for detailed requirements)
4. Merchant will stamp check and ask check writer to initial.
5. Merchant will deposit check into bank account.
6. If check is returned, the merchant’s bank will forward check to Check Processing Company.
7. Check Processing Company will pay merchant the face value of the
check within 30 days of receipt of claim.

eCheck

Would your business benefit from accepting the most used method of payment in the U.S? AMG makes it easy to accept checks from anyone, anywhere, anytime with the AMG Gateway. The AMG Gateway uses the Federal Reserve's Automated Clearing House (ACH), also known as Electronic Funds Transfer (EFT), to process checks received through your web site.

Sample Check that appears on a merchants website for viewers to make a payment on.

AMG Web Gateway AMG provides the mechanism for submitting those checks on-line in three different ways:
1.	Single Item Entry through our secure "Manual Entry" feature for one-time transactions or recurring billing. Direct Deposit is also supported.
2.	AMG provides a webcheck gateway for your web site for each subscriber payment.
3.	Transmit batches to AMG' server for high item volume.

AMG's Webcheck integrates seamlessly with your shopping cart or web site payment page. All of this is done on Secure (SSL Encryption) Servers and each account is pass code protected for maximum security for you and your customer.

Tele-Check

Merchants can now Debit consumers checking account by using a Touch Tone Phone, and it's Guaranteed.

Yes, it's True. Merchants can now debit their clients Checking Account by making a Phone Call. So if you're in business and your business is on the road, this is the program for you. Instead of having to wait to get back to your office to run a transaction, do it immediatley. No business would wants to chase money, businesses want to spend time finding ways to bring in more clientele and money, not retrieiving money from someone that should have paid you from the beginning.

AMG's RoadSide Service

For Merchant's whose Business is on the Road
Find out about this complete Package deal that was specialy designed for merchants whose business is on the road. Choose from 3 packages that are all built for the Business-On-The-Road. GO >

Almost everyone has a cell phone these days whether it be personal or for business. Why not put it to even better use and make money from it that you couldn't make before. Much like accepting Visa and Mastercard Credit Cards. You can advertise your new Payment Module to give you an advantage over your competition

Step-By-Step

Example of Business Types
that can utilize this program

1) Dial 1-866-750-0270 on any phone.
2) Enter “PIN” #.
3) Enter 9-digit bank transit routing # and account #.
4) Enter the amount of the transaction.
5) Authorization # obtained if approved.
6) Consumer signs and completes ACH AUTHORIZATION FORM.
7) Merchant faxes copy of ACH FORM to check processor.

• In home party sales
• Flea markets
• Pizza Delivery
• Heating / AC repair
• Locksmith
• Home appliance repair

• Mobile auto detail / wash
• Towing services
• Limo / Cab
• Exterminators
• Carpet cleaners
• Door-to-Door sales