Checks are still the preferred method of payment for some consumers,
and are less expensive to accept than cards, as processing fees are a
fixed rate per item verus a percentage of the sale. It is in a
merchant’s best interest to have a check strategy that allows them
to accept checks at the Point of Sale (POS) and receive payment in the
most efficient and cost-effective way. Panini technology now allows to
add full Check 21 processing capabilities – including MICR reading,
duplex imaging, and item front franking to prevent re-presentment and
fraud – to existing and new POS installations, both traditional (POS
terminals intended for card processing) and virtual
(tablet/touch-screen based), with the option of ACH conversion in
cases where it’s the merchant’s preference. Products for this
application
