Check Authorization Software in the US - Procurement Research Report

Check Authorization Software in the US - Procurement Research Report

  • July 2020 •
  • 25 pages •
  • Report ID: 5470086 •
  • Format: PDF
Abstract

Check Authorization Software Procurement in the US
This report is intended to assist buyers of check authorization software. Check authorization software assists sales associates at the point of sale by verifying the customer's driver's license information and capturing an image of the check in order to read the account data. The software then authorizes the check using a variety of databases that ensure the check will clear. Retailers use check authorization software to minimize the risk of fraud while still accepting checks as a form of payment. Suppliers in this market are software publishers and payment processing service providers. This report does not include point-of-sale terminals or electronic check acceptance (ECA) warranty services.
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