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Products & Services


TeleCheck
EftPOS Features Telecheck*
Find out more or apply

Telecheck

Key Features and Benefits

Value
  • Cost-effective way to accept cheques.
  • Merchants receive guaranteed payment for the face value of approved cheques up to a pre-determined limit per cheque (currently $3,000).
Convenience
  • Minimises returned cheques and related returned cheque fees.
  • Processed by using your multiPOS terminal.
  • Streamlines the cheque acceptance process and associated paperwork.
  • Expedites closing, balancing and settlement.
Flexibility
  • Provides merchants with a convenient way to accept personal cheques as a form of payment.
How it works
  • A merchant can obtain cheque approval using TeleCheck's Cheque Guarantee Service which can be activated on multiPOS terminals.
  • Once the transaction is approved, the cheque writer is given a printed receipt for signature.
  • The cheque writer's signature allows TeleCheck* to electronically present the transaction to the cheque writer's bank for settlement.
  • The money is then automatically deposited in the merchant's bank account.
Support
  • Detailed reporting functions.
  • 24/7 telephone support.

* TeleCheck's Cheque Guarantee Service is issued by TeleCheck Payment Systems Limited ABN 66 051 635 995. ANZ recommends you read the Product Disclosure Statement (PDF, 56kb), before deciding to acquire or hold the product.

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