Are you looking for a way to simplify and secure your check processing procedures? Treezor stands out by offering a complete and integrated API-based solution for check processing. By combining process digitalization with optimized fund collection, Treezor positions itself as the ideal partner for businesses aiming to enhance their financial flows while ensuring a seamless and secure customer experience.
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Check processing is the procedure used to deposit and credit the funds from a check into a bank account.
If the issuer’s account lacks sufficient funds, the check may be declined (bounced check), and fees could apply to both the issuer and/or the recipient.
To be valid, a check must include:
Checks are typically processed on the day of receipt at the processing center. Once sent for interbank clearing, account crediting generally occurs 11 days after submission (D+11, where D is the interbank submission date).
The benefits of check processing include:
Checks are easy to use and widely accepted.
Checks provide a written record of transactions, helpful for financial records and audits.
Checks allow for deferred payments, offering some flexibility in cash flow management.
Treezor’s solution enables seamless integration of check processing into the customer experience. With filters and scoring modules, each transaction is secured, enabling simplified check deposits without the need for deposit slips or branch visits.
Treezor’s solution is perfectly tailored to businesses seeking to diversify payment methods and streamline fund collection processes. Checks remain a significant component of financial flows in certain sectors, particularly for self-employed professionals.
Treezor offers a turnkey service to optimize check handling, including capturing, reconciling, archiving and monitoring unpaid checks.
Supplier paymentsBusinesses can settle invoices with their suppliers by issuing checks, ensuring a written record and control over payment timing.
Service paymentsIndependent professionals such as consultants, lawyers or entrepreneurs can receive client payments via check, providing a reliable payment method.
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