A point-of-sale or back office solution that authorizes and electronically settles ALL check types
that are dropped off, mailed in, or face to face.
What is e-Deposit?
100
Verifying the merchants Federal Tax ID number, Contract signers name and at least 3 trans for the past 48hrs.
What is Top level authentication?
100
The check fell outside of Telechecks Risk guidelines.
What is Code 3?
200
Indicates the maximum number of days from the transaction date and the date the check was received by the check processing dept. for processing.
What is SUBMITTAL WARRANTY VARIANCE?
200
converts paper checks into electronic items at the point of sale and
automatically deposits the funds directly into the clients’ bank account.
What is Electronic Check Acceptance (ECA)?
200
A Merchant asks for assistance reducing Code 3/4s and/or changing micro floor limits.
What is Risk Modification?
200
what account status does W mean in TUMMS/Starnet?
Waiting
300
would also include items such as merchant payments, warranty payments, installation charges and miscellaneous debits and credit.
What is Subsystem 05?
300
solution provides client with the capability to authorize and
electronically settle pre-arranged or recurring payments.
What is Remote Pay?
300
when a merchant is requesting credit. A merchant may call to request credit for: contract disputes, disputes on charges appearing on their invoice, etc.
What is Billing Adjustments?
300
helps to compute the total amount they need to pay for their monthly payment.
What is Calculator
400
A 22 digit unique identifier that identifies a specific electronic transaction assigned (created by) the authorization system.
What is Trace ID
400
can be utilized by businesses when the check writer is not present and the
check is received through the mail for goods and services .
What is Mail Order?
400
True or False: Goodwill requests can be submitted for Casinos/Gaming accounts
False
400
MICR
Magnetic Ink Card Reader
500
Does Pro21 allow TeleCheck to offer clients to electronically process most “Keep as
Paper”