AutoCHEQ™

AutoCHEQ

CSI offers recurring payment debits as an added service and convenience for your customers. Recurring AutoCHEQ™ payment transactions are set up for customer’s accounts that have fixed monthly payments. With this process, customers can authorize merchants to automatically debit their checking account for products ordered, services delivered or payments due.  Your customer’s account is automatically debited at a specific time each month eliminating the need for them to send a paper CHEQ™ payment.

AutoCHEQ Benefits

  • Added Convenience For Your Customers
  • Removes The Need For Human Intervention
  • Guaranties “On Time” Payments
  • Eliminate All NSF Returned Item Fees With CHEQ Recovery™
  • Increases Bottom Line Profitability
  • Automates Customers Payment Process
  • Increases Cash Flow
  • Saves Check Writer Postage & Time
  • Improves Customer Retention

AutoCHEQ Process

Your customer’s account is automatically debited at a specific time each month eliminating the need for them to send a paper CHEQ™ payment. You and your customer benefit from receiving payments on time. This reduces your costs associated with accounts receivable labor and increases profitability. Automated payments bring benefits to consumers by guaranteeing that their monthly bills will always be paid on time each and every month. This promotes better credit for your customers.

AutoCHEQ Solution

AutoCHEQ™ transactions can be processed by batch from your software or using CSI’s PC-based software. Payments are authorized once and then processed on a recurring basis for the services that you provide to your customer. Our on-line reporting can make the process completely automated by providing an electronic file that updates your accounts receivable and cash management system daily.