North American companies can now automate their check payment workflows through seamless integrations with major ERP and Payroll Management Systems.
KyckGlobal, an emergent financial technology firm specializing in streamlined digital payments, and PayFlo, A leading provider in physical check fulfillment services in North America, today announced a partnership to expand PayFlo’s digital disbursement options for its customers in the United States and Canada, and for PayFlo to provision checks for KyckGlobal.
MICR is an acronym for “Magnetic Ink Character Recognition,” which refers to machine-readable text that allows computers to read and process the printed information. MICR technology system was developed by the American Bankers Association in the 1950s and has allowed financial institutions to facilitate automatic check-clearing and streamline their check processing.
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Positive Pay is a fraud prevention system offered by most major banks designed to protect against forged, altered and counterfeit checks thus this system acts as a form of insurance for a company against fraud, losses, and other liabilities to the bank.
There are several reasons that explain the fact that many businesses in the U.S. still use checks for payments.
As the number of COVID-19 cases continues to swell and much of the world remains on lock-down, organizations across the globe continue to adopt remote work strategies in order to do their part to maintain social distancing and help slow the spread of the virus.
Many firms are now contemplating using a check fulfillment service as a way to reduce their costs. But that’s not the only benefit in using such a service! here is a list of the top benefits in using a check fulfillment service like Checkflo.
Many companies are now opting to utilize check fulfillment services as a way to cut costs, increase professionalism and timeliness of checks. As business owner, it is up to you to find ways of lowering your business’s costs while raising your company’s brand awareness and that can be difficult with so many options available on the market when it comes to check fulfillment services.
Syncing Checkflo with your QuickBooks account will allow you to import all your check payments from QuickBooks all while still benefiting from creating those checks within QuickBooks!
When it comes to taking security measures, it is much better to be safe than sorry and that’s why Checkflo invested in the most advanced security features needed for check printing & mailing service.
Part of Checkflo service is our insert that transforms a great payment experience into a powerful marketing tool for your company by offering you the chance to include a personalized message.
Checkflo’s check fulfillment service offers the opportunity to drive cost down 20 to 30% while enhancing the quality and security necessary to produce checks.