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Updated on October 21, 2009
Views: 1555 | Clicks: 79

Categories:
Card processing, Merchant

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General Information

At First Data Corporation, we make buying and selling easier. It is that simple. Many of you do business with First Data everyday, although you may not realize it. Whether you?re writing a check at the gas station, using your ATM/debit card to pay for groceries, buying a book online, getting cash out of an ATM, paying for dinner with your credit card or using a gift card to purchase something special, chances are your transaction is moved quickly and securely by First Data. Across the total payments spectrum, we're the company that provides innovative payment solutions for merchants and financial institutions around the world

Currencies

USD

Countries of use

all

Users

all

Fees

The State Returned Check Fee Chart* ("Chart") is a reference guide for TeleCheck and TeleCheck Recovery Services, Inc. (TRS) point-of-sale merchants. Because we are charging your consumers the fee amount listed on this Chart, you are required, under the terms and conditions of your service agreement, to periodically verify that your decals and TeleCheck® ECA® service receipts, if applicable, reflect the current fee amounts. The amounts listed on the Chart for each state are subject to change. Please contact Merchant Services if you have further questions.

* A Returned Check Fee may be assessed as shown in this Chart or the maximum amount permitted by law. Returned Checks, along with the returned check fee may be drafted or electronically presented to the consumer’s bank.

_ Check writer is also responsible for all other costs of collection.

† Other costs of collection may be charged.

_ Merchant assess this Returned Check Fee.

^ Amount stated or 5% of the face amount of the check, whichever is greater.

^^ Amount stated or 10% of the face amount of the check, whichever is greater.

ƒ Checks from (1) $0.01-$50.00=$25.00 fee, (2) $50.01-$300.00=$30.00 fee, (3) $300.01 and over = the greater of $40.00 fee or 5% of the face amount of the check.

œ Civil penalties may be imposed for nonpayment.

‡ Merchant must post second decal stating, "By submitting a check, you expressly authorize this merchant to obtain a report of your check writing history from TeleCheck to prevent fraud, and for other authentication purposes."

◊ This amount is assessed as a Handling Fee for returned checks.
 

Integration approaches

on-line

Information for developers

First Data teams up or has relationships with National Merchants, Financial Institutions, Agents and Independent Sales Organizations to support the sales of product solutions and provide new opportunities to increase your bottom line. Whether it's purchasing products, sharing revenues or selling our solutions, we offer you the abililty to grow and expand your business through a strategic alliance with us. Now you can expand your payment processing capabilities with our guidance, innovation and experience, and profit from a long-term relationship with First Data.

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Developed by: Digitela

Chief Editor: Michael Podolsky