What is CheckXtra Faster Deposit?
Faster Deposit is a smart and convenient way to process received payments promptly and easily. It converts check payments to cash quickly with faster credit to your business bank account. It can save your business time and money, and improve your operation efficiency with cash flow profitability and liquidity. It is simple. Now, you can process checks by swiping them like credit cards at the Point-of-Sales (POS) Terminal or securely Online. Checks are electronically deposited for quick settlement and for fast credit to your business bank account. Within seconds, each check is verified by the nation-wide check writers negative database. Just like a business bank teller, each check is processed for deposit directly, without making trips to the bank. Faster Deposit Verifies checks automatically to avoid the acceptance of bad checks. Faster Deposit automatically does Electronic Re-Presentment and Recovery when it is necessary and can be customized to fit your specific business needs. With