What is American Bank Draft Systems Electronic Phone Checks?
Electronic Phone Checks is an extension of the pre-authorized payment system used by insurance and mortgage companies since the 1970s, whereby you can accept checks over the telephone. Your customer can authorize you to create a draft on his or her bank account as a means of payment for your goods or services purchased over the telephone. Once you have authorization from the customer, you are in control of being paid. Increase Your Market and Your Profits. Less than half of the American buying public even owns a credit card. And you are probably already accepting checks from these customers. Why not take advantage of the convenience and financial benefits of accepting checks over the phone? Many businesses already accept checks over the phone or fax as with a credit card. • Mail Order/Catalog Sales • Travel Agencies • Collection Agencies • Advertising Sales • Parts Suppliers • Network Marketing Companies • Utility Companies • Television Shopping Networks • Charity Fund Raisers • Floris
