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CybrCollect and Midax have partnered to release TranFusion — TRUE BOC in a remote-host solution!

CybrCollect’s TranFusion product revolutionizes the way paper checks are converted into electronic payments. For $19.95 per month TranFusion enables any retail merchant to deliver electronic deposits to the bank. With TranFusion’s electronic deposits you will know about bounced checks within 48 hours. This advanced notice minimizes your risk of accepting multiple bad checks from the same check writer. Not only that, because the bounces are in our hands faster their collectability improves.

 

Merchants with specified POS systems also enjoy added benefits. You will not need to re-key all dollar amounts in the back office and you can choose to automatically accept all dollar amounts captured and the POS or verify each dollar amount as it is paired to the scanned image of the check. If you are interested in this technology but lack the IT staff to maintain a server we offer a remote-host server option. TranFusion can be configured in many ways — from the base model that allows all independent retailers to scan their checks in the back office and transmit and electronic deposit to their bank, to a velocity and verification mode all the way through to a mode offering courtesy card technology. We will let you choose the package that best suits your business.

 
 
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