The check Risk Management Suite is designed to dramatically reduce the risk of accepting a payment which will result in a returned item and/or a financial loss due to fraud, the buyer’s intention not to consummate payment, the insufficiency of funds to accommodate the payment or an error in entering the checking account number provided.
The operational inefficiency, administrative time and financial losses associated with returned electronic check payments and failed transactions can be significant. The check Risk Management Suite provides three unique tools which can be deployed by us. The selection of the tool set and the individual configuration of each tool can be determined by the Client with the assistance of a Menexis risk prevention specialist in order to meet the unique needs of that Client’s business, and the risk environment in which they operate.
Regardless of the type or nature of your business, Menexis can assist you in developing an optimal transactional risk prevention solution. We provide extensive consultative and technical support to our Clients thereby enabling them efficiently devise and implement economical and practical business applications in support of electronic payment processing, banking, risk containment, reporting and system integration. answers to which only the payer will know. The correct answers provided validate the individual’s identity and prompt them to continue with the transaction.
Our System is designed to verify the identity of the payer and therein protect businesses against fraud, money laundering and insure compliance with the US Patriot Act.
Other ACH/Check Processing Services:
Descriptor: we offer you the ability to put your business’ name on each of your customer’s statements. This allows them to be able to contact you without going through us first. If you do not wish to have this service, please let us know.
Customer Service: Customer Service is an option available to all of our clients. If you prefer, we can accept all of your customer service calls. We also have the capacity to keep down charge-backs, and give refunds on your behalf. Please let us know if you would like this opportunity for your company.
Credits/Payments: We are excited to share with you our newest capability in check processing. As one of the largest forms of ACH processing, we are now part of the ARC family. This means that we can now help your business make its payments or put funds right into your customers account instead of issuing a refund!
B-2-B: If your business would like to make its payment through the ARC system, we can help! We are now capable of Accounts Receivable Check Conversion and can automatically transact your owed funds to the issuer of the bill. This takes much less time than putting a check in the mail or even calling the payment in over the phone
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