Beneficial Merchant Services
For over 10 years, Wal-Mart, Nordstrom, Sears and other top American retailers have used SCAN to stop bad check writers. Now small and mid-sized retailers can join them. Use SCAN to reduce your bad check losses quickly, easily and affordably.
Losses from bad checks are a costly problem. Studies show the vast majority of these losses come from repeat offenders: people who write more than one bad check at more than one retail outlet.
Until recently, most retailers have had no effective protection against the bad check writer. Now merchants with annual revenues under $50 million can join larger merchants in benefitting from the power of SCAN, the Shared Check Authorization Network(tm).
SCAN is the most current database of bad check writers in the country. It is updated every night with information from contributing merchants nationwide. SCAN, the largest check authorization company in the country, authorized over $177 billion in checks last year. The more merchants contributing and relying on this database, the more difficult it is to pass a bad check. There is, indeed, strength in numbers. You can join now.
SCAN helps you decide at the point of sale whether to accept a check or not. It's easy: you can use your existing credit card processing equipment. It's quick: an authorization is received in 8-10 seconds. It's affordable: it costs a fraction of what a check guarantee firm charges. It's complete: automatic collection on any checks that are returned is included. It's smart: save money while you stop bad check writers.
SCAN has become an invaluable tool for smart retailers. Here's why:
Merchants can use existing credit card equipment, no additional equipment is needed; Merchants maintain control of their check acceptance policy; Authorizations are received within 8-10 seconds; A low flat fee per authorization is paid, rather than a percentage of the check amount; A one-time registration fee, with no annual fee; SCAN provides a large database of high quality information that is strictly controlled; Automatic collection on all returned checks through the SCAN-certified agency that pays the merchant 100% of the check upon collection; Automatic contribution of bad checks to the SCAN database through the SCAN-certified agency is included; Merchants refer declined check writers to SCAN's customer service staff, which is trained to handle bad check inquiries with tact.
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