Retail Decisions and Paymentech Launch New Electronic Check Service

Retail Decisions has announced the launch of a new electronic check service in conjunction with Paymentech. Called ReD eCheck, offers merchants electronic check processing software and conversion hardware as a single integrated solution for performing point-of-purchase (POP) and accounts receivable conversion (ARC) transactions.

"We are always looking for innovative solutions to assist our merchants in lowering their aggregate costs of check processing and in streamlining their business processes," said Greg Schaub, Senior Vice President of Business Development for Paymentech. "We looked to ReD as a long-standing partner of ours to help develop a way to address these challenges through a single, fully integrated solution."

"Faster funding, faster processing and faster reconciliation means that Paymentech merchants can realize true financial benefit from deploying the ReD eCheck service," stated Xavier Kris, CEO of ReD USA. "We are delighted to work with Paymentech to develop this service, and it is a further testament to our reputation as an organization that rapidly responds to both merchant and partner needs."