ATLANTA and NEW YORK- Continuing the trend in the development of electronic payment solutions, Equifax's Check Solutions unit and Intell-A-Check Corp. have sealed an alliance that company officials say will offer consumers and retailers a one-stop check payment solution, including identity verification, quick check approval, and the creation of a check draft or an Automated Clearing House (ACH) file for final settlement. The combination of check settlement software from Intell-A-Check, a leading provider of electronic payment solutions, with Equifax PayNet Secure will allow consumers to pay by check without ever actually writing a check. To pay by check, on-line shoppers enter their checking account information into a secure form on the merchant's Web site. Company officials say the system can approve and guarantee funds within seconds and create a check on the merchant's PC which can be sent to a laser printer or formatted as an ACH file for immediate electronic deposit.
Equifax, Intell-A-Check jointly offer on-line check payment solution
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