Check Warranty
Accept personal checks without the risk. Your choice of 3 innovative options.
ELECCHECK®
Certegy’s electronic check conversion service streamlines the check approval and settlement process by removing the middleman and opportunities for error. Certegy authorizes the transaction, transfers funds electronically from the point-of-sale to an Automated Clearing House (ACH) and forwards it to the bank for processing and settlement. Process checks like credit cards at a much lower cost.
- Exclusive NHFA discount rate of .85% (subject to credit approval)
- Transaction fee for Imaged is $.30 and Imageless $.20 for ACH processing
- No returned check fee
- No reconciliation required
- Settlement generally in 24 to 48 hours
- $25,000 purchase limit
ENHANCED WARRANTY™
Enhanced Warranty gives you peace of mind when accepting checks from your customers.
- Exclusive NHFA discount rate of .75% which includes full stop payment coverage for fraud, forgery, stolen and NSF checks
- $25.00 monthly minimum
- No set-up fee
- No transaction fee
- No statement fee if using ACH billing, otherwise a $15.00 monthly statement fee will be applied
- Voice surcharge of $2.00 for customer-initiated calls
- Easy claim submission, up to 60 days from the date of the check
- Fast claim reimbursement, within 10 business days from receipt by Certegy
- Flexible authorization limits for U.S. or Canadian checks, up to $30,000 in U.S. funds
SETTLESMART™
SettleSmart added to Certegy's Enhanced Warranty Services consolidates returned checks into a Certegy funded bank account resulting in reduced check handling fees, improved cash flow and the elimination of claims processing. Because all returned items are forwarded to a centralized bank managed by Certegy, no additional reconciliation is required after checks are deposited.
- Same rate as Enhanced Warranty (subject to credit approval)
- Elimination of Returned Check Fees from your bank
- No need to send in claims
**Note: These programs apply to members not currently using Certegy Check Services. Existing customers may have their account reviewed for program eligibility.
» More information about this NHFA program (PDF)
» More information about other NHFA programs (2MB; PDF)
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