Rohnert Park, CA (PRWEB) January 28, 2005
CrossCheck, Inc., the nationÂs largest privately held payment guarantee company, announced the signing of an agreement with Heartland Payment Systems, Inc., a provider of payment processing services. Under the terms of the agreement, CrossCheck will provide check authorization services, including electronic check conversion, to Heartland as part of HeartlandÂs suite of payment services for merchants. Heartland Payment Systems provides credit and debit card processing, gift and loyalty card programs and point-of-sale devices and supplies to merchants throughout the United States.
Using CrossCheckÂs authorization services, Heartland will be able to offer merchants the convenience and safety of accepting low-numbered, out-of-town, even out-of-state checks with confidence. HeartlandÂs check conversion service offers check conversion at the point-of-sale and delivers funds directly to the merchant's account. Merchants benefit because they can consolidate bank accounts, streamline operations and reduce paper handling. This programÂs unique features include the guarantee and conversion of business checks.
"CrossCheckÂs ability to provide guarantee and conversion was important to the selection of them as our check services provider. They have over twenty years of experience and offer the technology and features we need for our merchants,Â said Robert O. Carr, HeartlandÂs Chairman, CEO and President.
ÂWe look forward to partnering with Heartland and adding our check services to their merchant processing offerings,Â said CrossCheckÂs President and Chief Executive Officer, J. David Siembieda. ÂHeartland has extensive experience in the industry and we are excited about the opportunities that this partnership can provide.Â
Heartland Payment Systems, Inc. (http://www.heartlandpaymentsystems.com) is a provider of bank card-based payment processing services to merchants in the United States and, according to The Nilson Report, in 2003 was the eighth largest card acquirer in the United States ranked by processing volume. Heartland facilitates the exchange of information and funds between merchants and cardholdersÂ financial institutions, providing end-to-end electronic payment processing services, including merchant set-up and training, transaction authorization and electronic draft capture, clearing and settlement, merchant accounting, merchant assistance and support and risk management.
CrossCheck, Inc., (http://www.cross-check.com) provides check approval for a variety of merchants nationwide. For more than 20 years, its goal has been to increase merchantsÂ profits by allowing them to accept more checks and to provide their customers with payment flexibility. Annually, CrossCheck handles and guarantees billions of dollars worth of transactions for its retail and dealer outlets. CrossCheck is known for industry firsts and cutting-edge technology.