 Relating to checks, bank drafts & credit cards |
||||||||||||||
|
Chase Customers Can Now deposit ChecksNet bank drafts via iPhone |
||||||||||||||
 |
July 1, 2010 Chase Bank now has an iPhone application called Quick Deposit, a feature that lets users deposit checks from their iPhones. Using Chase Mobile, users can select their bank account, enter the amount of the check, and snap a photo of the front and back of the check to initiate a deposit. The feature mirrors the functionality of USAA Deposit Mobile, another iPhone app that supports mobile deposits. In addition to mobile check deposits, Chase has added Person-to-Person QuickPay to the app to support payments to anyone, so long as you have their e-mail address. For now, there are some limitations regarding deposit amounts, with customers only being able to deposit $1,000 per day and $3,000 per week using the application. Still, mobile deposits are quite convenient for quickly depositing personal checks or bank drafts made with ChecksNet Software without having to make a trip to the bank. We look forward to seeing this app for Android phones in the near future. |
|||||||||||||
|
EBay Buyers BEWARE: What you may not know about Ebay & PayPal can cost you $$$ by Glenn Welt Whoever coined the phrase "If it seems too good to be true it usually is" was a very smart person. As consumers, most of us are attracted to the merchant with the lowest price. As a businessman, I always try to offer our customers the lowest prices. Therefore, we often check offerings on EBay and other auction sites. After the 3rd bad experience this year, I no longer trust EBay, PayPal (which is owned by EBay) or the seller feedback we see on EBay. Here's why: Bad EBay Experience #1: Won a Dell1100 printer which was advertised as being brand new in original unopened carton, by a seller with glorious feedback. UPS arrived at the door to deliver a carton that was visibly damaged and also appeared to have been opened & retaped. UPS driver and I agreed the package should be refused. Despite filing complaints to EBay and PayPal, never got a full refund but did get nasty & false feedback listing from seller. Bad EBay Experience #2: Won a Dell1710 printer advertised as being brand new in original packaging with Dell warranty. It arrived OK. Opened to test it with one of our MICR toner cartridges before reselling to a ChecksNet customer. Printer did not function properly. Contacted Dell and was told that NO SERVICE would be provided because the printer never should have been sold in the first place ... it was LEASED by Dellto a business in Ohio. Contacted the EBay Seller who assured me it was a Dell mistake. Long story short: I contacted Dell numerous times to confirm their position and then phoned the police in Ohio to report that someone sold an item they never owned. After numerous wasted hours, complaints to EBay, and posting the details as buyer feedback, seller finally agreed to refund full payment for the defective printer if I agreed to rescind my negative feedback. That's when I learned that negative EBay feedback can be removed by mutual agreement. This means sellers can erase all their mistakes and/or intentional crimes if they get caught by buyer(s). I stopped trusting EBay feedback. Bad EBay Experience #3: Purchased a Dell5300 that was advertised as having little use, perfect condition, usable toner cartridge that printed without any problems, power cord & USB cable. This was purchased for testing our DellMICR cartridges before shipment. Made the purchase and paid via PayPal within minutes in the hopes that seller would ship printer ASAP. After seller received payment, he informed me that he was too busy to ship the printer so it would be shipped 8 days later. Two weeks after purchase, carton finally arrived and looked like it had been created from someone's recycled trash. The printer itself was in good shape, except for an internal roller that fell out because seller did not pack it properly. Toner cartridge was damaged, power cord and USB cable were missing. Emailed seller. No response after 3 days. Filed complaint with PayPal. Five days later, PayPal sent an email saying "seller at fault" but offered ZERO help. Call me stupid for thinking that PayPal actually stands behind their transactions. Could this be why the seller waited a week before shipment? Did he know that by the time I received the package Paypal would offer no help? I hope reading this helps you avoid similar EBay and PayPal scenarios. Bottom Line: As of this date NONE of the printers or MICR cartridges offered for sale on this website have been purchased from ANY merchants on EBay, nor will they be in the future. - Glenn Welt Credit card fraud sapping $hundreds-of-millions from online revenues Online merchants have adopted elaborate procedures for completing a credit card sale such as matching a customer's shipping address to the billing address, verifying that the card hasn't been reported lost or stolen and checking for any unusual activity on the card. Internet merchants once viewed credit card chargebacks as a cost of doing business. They are difficult and time-consuming to fight. Some credit card processors charge the merchant a fee for every chargeback plus additional fees for fighting a chargeback. With credit card fraud sapping hundreds of millions of dollars from online revenues, companies that do all or most of their business over the Internet are increasingly pushing back. Merchants are increasingly turning to companies like Receivable Management Services (RMS) which fights chargebacks on behalf of online merchants. The Bethlehem, PA company has 35 offices in the United States and abroad to handle online credit card disputes by customers who have claimed to never having received goods to disputing a credit card charge for the entire cost of a trip to Hawaii because the hotel room bed was queen-size, not king-size! In 1 day alone, we had $2,569 taken from our bank account due to credit card chargebacks. Major universities discontinuing credit card acceptance Following email received 12/7/04 from parent of a Georgia Tech student. Bottom Line: Colleges are tired of seeing $Millions going towards fees that do not benefit the students or college. They are encouraging payment using ChecksNet and/or similar softwares and will charge additional fees to anyone who insists on paying by credit card: "Effective December 20, 2004 Georgia Tech will no longer accept credit card payments for tuition and fees (charges to the Bursar's student account). During the last academic year, credit card companies charged Georgia Institute of Technology more than $1 million in fees to process tuition, fee, room and meal payments made with credit cards." Email goes on to say that the "safe & convenient" online check payment was already used by 5,500 students to pay tuitions for the Fall 2004 semester. Future credit card payments will be handled by a thrid party and a 2.9% fee will be added (paid by student or parents). It appears by the email (and our ChecksNet sales) that other colleges and universities are also waking up to the high cost of credit cards and the conveniences of doing checks by phone or website ChecksNet. Merchant check & draft verification in all 50 states and Canada Subscription to our Banks Database™ gives you access to current toll-free phone numbers for banks & credit unions and, we tell you How to legally obtain funds verification & account information from banks that follow the Privacy Act [12 CFR 216]. Since you can use ChecksNet™ to print & deposit bank drafts drawn on Canadian banks without any hassles, we also list Canadian information in our database. Details. Using CheckFree can result in non-payment and damage to your credit HENDERSON, NV - In October 2004, Glenn Welt (ChecksNet CEO) decided to see if he could convert all his monthly bills to online payments. Sam's Club website offers payment of their credit card using CheckFree. You select the amount you want to pay and the date you want the funds withdrawn from your checking account. On 10/2/04 Glenn entered the data so his full balance of $25.68 would be paid on the 10/14/04 due date. On 10/14/04 CheckFree deducted the $25.68 from his bank account. On 11/1/04, Glenn received his monthly statement from Sam's Club, which said his account was past due, no payment on 10/14/04 and late fees had been added to his account. Since that time and despite repeated emails to Sam's Club, a phone conversation with someone from their accounting department, 3 letters and 2 faxes to Sam's Club headquarters, he has received no response and nothing has been resolved. Mr. Welt received a collection call and explained the situation to the caller who advised him to mail in a replacement payment and send a letter of explanation to an El Paso TX address. Glenn did both. Despite that phone conversation, the collection calls continued. On 11/6/04, Glenn went shopping at the local Sam's Club. When he tried to use his credit card to pay for his $14 purchase, he was embarrassed as the clerk said his card was declined. On 11/8/04 Mr. Welt phoned the customer service department for Sam's Club credit card. He was assured that his account is once again in good standing as a result of the payment he sent by US Mail. For the record, in the 10 years since Glenn Welt began publishing his check/draft softwares, nothing similar has ever been reported by any merchant using ChecksNet nor any consumer who paid any of their bills using ChecksNet. However, if you search the internet you will find more information about problems using CheckFree. PayPal Faces Investigation for Anti-Fraud Efforts WASHINGTON (Reuters) - Federal and state investigators are examining whether online payment service PayPal violated consumer-protection laws in its fight against online fraud, parent company eBay Inc. (EBAY.O: Quote, Profile, Research) said on Monday. PayPal sometimes freezes customer accounts while it investigates suspicious transactions, a practice that has generated complaints to consumer-protection authorities, the online auctioneer said in its annual report. "As a result of customer complaints, PayPal has ... received inquiries regarding its restriction and disclosure practices from the Federal Trade Commission and the attorneys general of a number of states," the report said. "If PayPal's processes are found to violate federal or state law on consumer protection and unfair business practices, it could be subject to an enforcement action or fines." PayPal Paying N.Y. $150,000 in Penalties By MICHAEL GORMLEY ALBANY, N.Y. (AP) - The nation's largest online payment service, PayPal, is paying New York $150,000 in penalties after misrepresenting to consumers its policy on repayment when merchandise doesn't arrive, the state attorney general said Monday....consumers who didn't receive merchandise purchased through PayPal were often denied reimbursement from either PayPal or American Express or Discover credit cards. View more comments from people who have used PayPal at PayPalwarning.com including information on other complaints and lawsuits filed and/or pending against PayPal Glitch Disrupts EBay's PayPal Service SAN JOSE, Calif. (AP) - Repairs were underway Monday at PayPal as the widely used online payment service struggled to get customers back on track after several days of "intermittent" outages. Users of the eBay Inc. (EBAY)-owned company began experiencing some glitches on Friday after a monthly upgrade of PayPal's software systems, said eBay spokeswoman Amanda Pires. The problems seemed to subside over the weekend but then recurred Monday, she said. It is unclear how many of PayPal users were affected. Pires said some users were able to access PayPal while others were not. PayPal Problems Persist for Fifth Day By MAY WONG SAN JOSE, Calif. (AP) - Despite furious repair efforts, intermittent service outages at the online payment service PayPal continued Tuesday for the fifth consecutive day, affecting payments, log-ins and account creations. ChecksNet advantages over ACH (electronic transfers) In theory, ACH should have advantages over printing bank drafts with ChecksNet. ACH stands for Automated Clearing House and simply means moving money electronically. However, ACH has a number of disadvantages when compared to printing bank drafts with ChecksNet:
Bush Signs Identity Theft Sentencing Law Jul 15, 2004 12:23 PM (ET) WASHINGTON (Associated Press) - President Bush signed a new law Thursday requiring stiff prison sentences for people convicted of using or providing fake IDs in committing terrorist acts and other types of crime. The law is an important step in combating a type of crime that had 10 million U.S. victims last year, the president said in a signing ceremony at the White House. He said identity theft "undermines the basic trust on which our economy depends," robbing its victims of nearly $50 billion in fraudulent transactions. Identity thieves "can steal a victim's financial reputation" by running up bills that hurt the victim's credit rating, Bush said. The legislation is meant to take away judges' ability to give probation, reduced sentences or concurrent sentences for identity theft linked to felony crimes. It was approved with bipartisan support, with lawmakers such as Sen. Dianne Feinstein, D-Calif., saying prosecutors need better tools to punish identity theft, especially when it is used to commit terrorist acts. A provision imposing mandatory five-year prison terms would apply to people convicted of using or providing fake IDs to help terrorists. Providing fake IDs for non-terrorism-related crimes would carry a two-year prison term. |
||||||||||||||
| Despite rampant credit card fraud, NOT ONE case HAS EVER been reported to us by any person or business paying with ChecksNet. This is a major reason why many business and individuals believe that ChecksNet is the best way to pay or receive payments on the internet. | ||||||||||||||
| Making Losers of Auction Winners By JENNIFER LEE The New York Times "Traditional offline financial fraud is being integrated into the online auction world, with a twist. Fraudulent sales were formerly dominated by hard-to-trace transactions involving cash or money orders. Now investigators say that perpetrators are increasingly using identity theft to set up bank accounts that allow wire transfers or transactions involving third-party online payment services like PayPal." Allstate, Farmers & other Insurance agents using ChecksNet The insurance industry pioneered bank drafts in the 1920's to automatically collect insurance premiums. In those days before computers, bank drafts were typed by hand. Today, ChecksNet is the software of choice for many in the insurance industry who enjoy it's ease of use and speed. No more typing! Over 70 Million Americans don't have credit cards but do have bank accounts. That's why the Federal government supports bank drafts as a form of payment and there are protections for both parties. Complete details are included with ChecksNet. |
||||||||||||||
 from your website ChecksNet Online Payment System (OPS) does the work. Your customers click SEND ORDER. Data appears in ChecksNet. Click PRINT DRAFTS. You instantly have your $$$ and a printout of every order. All you need is a website. Turn-key package is ready for you & your customers in 1 business day (weekends & holidays excluded). |
ChecksNet reviewed by The State The Columbia SC newspaper says "If you can write a check you can use ChecksNet" when describing the ease of use. ChecksNet reviewed by Las Vegas Review Journal |
|||||||||||||
|
CHECKSNET WEBSITE SPECIALS: See PRICES page for special offers and discounts ! |
||||||||||||||