PayZang Processes Checks for CNP Payments
April 1, 2013
PayZang, a Utah-based startup enabling e-commerce merchants to offer ACH payments online, has launched a product aimed at high-risk merchants that want to accept card-not-present payments by check. The company said Virtual Check is designed specifically for the collections, loan modification, credit repair, payday loan and time share telemarketing industries, among other high-risk fields.
The new product enables businesses to accept checks via fax, telephone, the Internet or by mail. The checks are processed in real time and deposited into a business’s account without the merchant ever needing to handle them.