"Zmax Solutions will point your business in the right direction"

Welcome to the new and exciting world of Electronic Check Conversion!

Zmax is dedicated to offering customized solutions that leverage the full benefits of ECC and meet YOUR business needs. Simply put, we adapt to you and your business processes, you don't have to adapt to us.

According to a survey conducted by Harland Clarke, nearly three in 10 customers say that checks are their overall preferred method of payment. Overall, checks are preferred to cash by a margin of two to one, and are preferred to credit cards by a margin of nearly three to one.

With Zmax, accepting checks electronically is as simple as accepting credit cards.

Swipe a card * give it back
Scan a check * give it back

We are often asked, "Why would I want to electronically convert paper checks?" While others are asking "Why should I accept checks at all?" The answer to these questions is simple: Electronic Checks are the most efficient and cost-effective means of accepting payment. In addition, it just makes good business sense to allow your customers to pay the way THEY want!  After reviewing the compelling reasons below, you'll be asking:

"Why wouldn't I accept checks
AND
convert them electronically?"

Facts Regarding Payments and Checks:

• 99% of U.S. households earning $60,000 or more have a checking account.
• 90% of U.S. households earning $20,000 or more have a checking account.
• 68% of Americans report that they feel more comfortable paying by check than by credit card or debit card.
• 59% of consumers would rather shop where checks are accepted.
• 50% of consumer point of sale purchases are made by check.
• 45% of ALL non-cash payments are made by check - more than credit card and debit card combined!
• Over 70 Million Adult Americans DO NOT have a credit card.
• Consumers believe that Checks are a more responsible form of payment compared to credit cards.
• The value of checks written is more than five times greater than the value of all credit card and debit card transactions combined.
• Due to increased use of electronic check verification databases and greater use of overdraft protection by consumers, the number of checks returned unpaid is declining rapidly, at an annual rate of -7.7%.
• In 2001, the United States wrote 144.6 checks per capita...
• From 1992 to 2002, the volume of ECC(ACH) transactions increased at a double-digit percentage-rate change each year, going from 2.2 billion transactions in 1992 to over 8.9 billion transactions in 2002, a compound annual rate of growth of over 13.5 percent.

(Sources for above: Federal Reserve Payments Study; Federal Reserve Survey of Consumer Finances; The Gallup Organization; The Credit Union Journal; The Check Payment Systems Association;The FDIC)

Electronically Verified Checks are the LOWEST COST form of payment

Merchant Costs to Accept a Payment Instrument (least expensive to most expensive):

(Source: Food Marketing Institute, "It All Adds Up: An Activity-Based Cost Study of Retail Payments", Washington D.C.)

Contact Us today to discuss your check acceptance needs.