Biography of CheckRedi

For more than 30 years, CheckRedi has been providing secure electronic check collection services, eliminating the burden of verifying and collecting checks. The company, with offices in Lexington, Kentucky, and Huntsville, Alabama, handles businesses’ and organizations’ check processing, verification, and online check conversion needs.

Clients dealing in-house with check collections for schools, general bounced check recovery, check fraud, or non-sufficient fund (NSF) check collection, lose significant revenue and time. In addition, the staff handling payment processing face serious headaches, with their focus on other business matters being diverted in trying to collect funds.

With CheckRedi, this nightmare is solved. Clients never have to worry about check collection again. Money is deposited directly in the client’s bank, improving cash flow and their bottom line. Additionally, clients can focus their time and energy on other business areas instead of on bounced check recovery systems and collection of returned checks.

Check Services Offered

Electronic and Traditional Check Collections

With electronic and traditional check collection services, businesses and organizations accepting checks online and by phone, those searching for Automated Clearing House (ACH) processing and payment solutions, or those handling checks in person benefit from convenience, fast payment, and peace of mind. The company offers 100% face value reimbursement, facilitating the payment process for businesses and organizations of all types and sizes.

School Program

The school program provides a comprehensive solution to manage and recover returned checks, improve cash flow, and maintain positive relationships with parents and guardians. It includes services such as check recovery, electronic check processing, and payment management, making it easier for schools to handle financial transactions securely and efficiently.

The school’s payment system is integrated with CheckRedi’s services. When the school receives a check (tuition, fees, fundraising, etc.), it is processed through the company’s system. The company automatically takes over the recovery process if the check is returned for insufficient funds. Schools receive detailed reports on check recovery activities, including the status of each returned check, recovered funds, and any outstanding payments. The school works with attentive account representatives who are sensitive to its needs and requirements.

Schools can also use CheckRedi’s ACH processing to collect funds through a secure web-based gateway, which includes online credit card approvals.

There are numerous benefits to using the School Program. Schools no longer need to spend time and resources chasing down bounced checks. By automating the recovery of bad checks, schools can improve their cash flow and ensure that funds are available when needed. The school program provides a secure, reliable method for processing and recovering payments, reducing the risk of financial loss. In addition, detailed reports provide schools with transparency and control over their financial transactions.

Payment Processing

The company offers everything from credit card processing services, such as POS credit card equipment and readers, to online payment gateways, recurring and electronic billing, remote deposit capture, electronic funds transfer (EFT), and Internet payment processing.

Electronic Check Conversion

The company’s electronic check conversion services convert paper checks into electronic payments, allowing a business to receive payment quickly and simply, typically within two business days. Once a check is authorized, a deposit is automatic. The check conversion service includes a check verification service and can increase cash flow as check payment fees differ from credit card payments and transactions.

Credit Card Services and Equipment

Many consumers expect credit cards to be accepted everywhere they go, increasing the need for credit card processing and equipment. CheckRedi’s Clover® is an all-in-one solution that replaces a business’s credit card terminal, cash register, receipt printer, and barcode scanner with an integrated suite of products.

Various solutions are available. The Clover® Mini accepts all types of payments immediately—from chip cards to Apple Pay® and magnetic stripe cards. As the business grows, it can download a full range of apps to meet its needs. It’s easy to use and intuitive right out of the box.

The Clover® Station automatically tracks inventory and builds records for every transaction. Clients can safeguard customer data and protect their business with TransArmor®, which is critical in today’s cyber threat environment. Clients can customize Clover to meet their business needs and access information from anywhere at any time.

Clover® Go creates orders, processes transactions, manages employees, or updates inventory, and seamlessly syncs with its web dashboard. Clients can protect their data

and their customers with top-notch security. They can view their entire transaction history, including all open, pending, and completed transactions. All types of payments are accepted with Wi-Fi or cellular connection: contactless, chip, and swipe, including Apple Pay®, Samsung Pay®, and Google Pay.

Clover® Flex is stock-smart, keeping a client’s inventory up to date and organized. Clients can start taking orders out of the box with minimal setup and training. Client data and information resides in the cloud. Clients can log in anytime and anywhere to view their sales, best-sellers, and other information from any computer or mobile device.